Inter Handed €20M Financial Boost As UEFA Relax Salary Rules, Italian Media Report

February 24, 2021 12:15
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Inter have been given a financial boost by UEFA after European football’s governing body relaxed its rules on salary payments, according to an Italian media report today.

As per Tuttosport’s print edition, Inter owe their players no less than €24.8 million in outstanding wages for the months of November and December 2020.

The Nerazzurri would previously have had to pay all of this by March 31, in order to be eligible for a UEFA licence ahead of next season’s continental competitions.

However, UEFA have loosened guidelines to help clubs out during the COVID-19 pandemic, which previously required clubs to have paid all its wages from the previous calendar year by the end of next month.

In order to be compliant now clubs must only have paid 85% of their annual salaries, provided they can prove that they have lost revenue due to COVID-19 and present a detailed plan of how to repay the wages by June 30.

Inter still have €24.8 million before tax to pay their players in wages for November and December last year, but the new 85% threshold means they can defer €22.3 million of this beyond March 31.

The Nerazzurri therefore only need to pay a further €2.4 million before the end of next month, saving them almost €20 million in the immediate term as owners Suning battle a serious lack of liquidity.

By Cammy Anderson