Inter’s Financial Chief Tim Williams: “Suning In Talks To Find Partners For Nerazzurri”

Suning are in talks to find ‘partners’ who can ease Inter’s economic problems, the Nerazzurri’s chief financial officer Tim Williams confirmed today.

Inter’s owners are thought to be in need of an urgent capital injection to cover losses incurred by the COVID-19 pandemic, leading to reports of investment from numerous groups.

Suning are believed by some to be considering selling Inter altogether, but Williams appeared to rule out such a scenario and assured the club was in a stable position.

Talking to investors for Inter’s media company, as reported by Calcio e Finanza, Williams said: “The club and its owners are in talks to provide a series of solutions for Inter’s liquidity and capital.

“Suning have confirmed their commitment to support the club financially, with or without external support, but it’s still reasonable and prudent to look to the outside.

“With this objective, Suning have nominated key consultants in Asia to work with them to find suitable partners, whether it be equity groups or others.

“Negotiations with the principal potential partners remain ongoing.

“Inter remain in a strong position to fight for the Serie A title this season, while off the pitch the club and our owners have taken significant steps to guarantee the club’s future.”

Williams also addressed the situation regarding Inter’s salaries, after the club reached an agreement with players last month to defer certain payments until the end of the season.

He insisted everybody was on board with the deal reached but did appear to hint that the Nerazzurri were looking to reduce their wage bill in the near future.

“With the complete collaboration of the relevant footballing authorities, we have reached an agreement with our players for a short-term deferral of their salaries,” Williams continued.

“No delays to paying players were enforced without full consent from all parties and the ruling authorities.

“When we would normally have taken the chance to reduce the club’s wage bill at the end of last season, as well as generating fresh money through player sales, this year the COVID-19 situation has made everything more difficult.

“Even though we managed to reinforce the squad with free transfers and loan deals, we’re probably supporting a level of salaries which is slightly higher than what we’d want.”

Williams recently announced his resignation from his job as Inter’s chief financial officer but remains in his position for now.