Suning have invested a further €55 million at Inter during the last few months, according to a club statement which emerged today.
The Nerazzurri’s owners have converted a series of loans from shareholders and related parties into capital, in a bid to ease Inter’s ongoing liquidity issues.
Suning converted €30 million’s worth of loans into equity during the six-month period which ended on December 31 last year, as per an official press release.
They then converted a further €25 million last month, combining to make the above-mentioned total of €55 million.
Earlier on Friday, Calcio e Finanza revealed Inter are missing around €55.7 million in outstanding payments from their sponsors in Asia.
It is unclear whether Suning’s move to convert loans into capital was a direct response to this, or whether it is merely a coincidence that the two figures are almost identical.
Inter are certainly known to be short of cash at present due to revenue losses incurred by the COVID-19 pandemic, as well as restrictions from the Chinese government regarding the exporting of capital to Europe.
Suning are reportedly considering selling off up to 25% in shares at their own company, Suning.com, in order to free up funds.
The Nerazzurri’s majority shareholders are nonetheless committed to guaranteeing Inter’s financial stability for the foreseeable future, as confirmed in another official statement this morning.
