Inter Board Of Directors Promise To ‘Guarantee Stability Of Nerazzurri’ Despite Fall In Revenue

Inter Board Of Directors Promise To ‘Guarantee Stability Of Nerazzurri’ Despite Fall In Revenue
January 14, 2021 15:45
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Inter’s board of directors have promised they will continue to guarantee the stability of the club despite a significant fall in revenue.

Following today’s emergency meeting involving the club’s management, the Nerazzurri have put out a press release via Itlaian news agency ANSA to provide an update on the current situation at the club.

There has been no shortage of speculation as of late regarding Inter’s financial troubles and potential fresh investment into the club, with fresh reports on Thursday suggesting BC Partners could soon replace Suning as owners.

“The Board of Directors of FC Internazionale Milano SpA met remotely to examine the current management trend for the first half of this season and its foreseeable evolution in the second half of the season,” Inter’s press release said.

“The 2020-21 financial year is confirmed to be impacted by the effects of the Covid-19 pandemic, with a decline in revenues.

“The Inter board of directors will continue to support the club’s management in order to guarantee the operational and sporting stability of the club, also in light of the recent Italian government provisions in the approval phase regarding the pandemic in progress.”

BC Partners are thought to be conducting due diligence on Inter’s accounts at the moment, with a view to making Suning an offer to become shareholders by the middle of February.

Inter need an injection of capital in the coming months to guarantee the club can continue to operate properly, but Suning cannot provide the money required due to fresh restrictions from the Chinese government on overseas investments.

According to a report in La Repubblica this morning, the Nerazzurri’s players are still waiting to be paid their salaries for the months of November and December, with a possible points deduction looming if Inter do not do so before 16 February.

By Cammy Anderson

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