Inter may be forced to sell off key players this summer to help balance their books, a report in the Italian media warned today.
The Nerazzurri’s board of directors held an emergency meeting yesterday to discuss the club’s precarious financial situation caused by the COVID-19 pandemic.
As per Gazzetta dello Sport’s print edition, Inter are expected to publish a financial loss this year which is even greater than the €102 million deficit they posted last year, which could lead to tough decisions in this summer’s transfer window.
“It’s impossible to not imagine the possibility that they will cover their losses by selling off key assets, or rather players, perhaps even key players,” the report said.
Owners Suning are facing choppy waters and following the Chinese government’s new stringent restrictions on the exporting of capital outside China, leading them to seek fresh investors for the Nerazzurri.
BC Partners have been strongly linked with investing in Inter, but the British based private equity fund are not the only group in the running when it comes to potentially investing into the club.
The Zhang family’s desire is to find a partner who will lead the club toward better times and in order to cover all money invested into Inter, Suning would have to sell the club for €950 million, although some sources indicate Inter’s value is closer to €800 million.
BC Partners are currently carrying out due diligence of Inter’s accounts, a process that will conclude in the middle of next month and then it will be decided whether they will make an offer or not.
There has already been a meeting between BC Partners and Suning and representatives from Inter’s current minority shareholder LionRock Capital, were also present.
Yesterday The Financial Times claimed that EQT and Arctos Sports Partners also had an interest in investing into the Nerazzurri.