Inter owners Suning have converted a shareholder loan worth €30 million into fresh capital for the club, according to an Italian media report today.
As per Il Sole 24 Ore’s print edition today, the decision to convert the loan was made when the Nerazzurri’s board of directors held an emergency meeting yesterday to discuss Inter’s precarious financial position.
The club’s economic situation could be further improved by the agreement between a private equity fund and Lega Calcio regarding Serie A’s TV rights, worth about €1.7 billion, with €100 million of that due to come Inter’s way across the next three to five years.
Inter, like all clubs, have been hit hard by the COVID-19 pandemic but both of the above would certainly help to ease the current financial issues.
Many reports in the media have stated that Suning are on the lookout for fresh investment into Inter, who they have owned a majority stake in since the Summer of 2016.
British private equity fund BC Partners appear to be the front-runners, but they are far from alone in being interested in investing in Inter, with a report in yesterday’s Financial Times naming EQT and Arctos Sports Partners as other interested parties.
