The seemingly ominous financial situation at Inter has been eased somewhat after owners Suning sold shares worth €1.9 billion to Chinese state investors.
Suning have been looking to sell at least a minority stake in the Nerazzurri after encountering growing debts and must pay off outstanding fees by the end of the month or face being refused entry into European competition by UEFA next season.
However, according to FCInter1908.it, the Nerazzurri have received two pieces of good news that have gone some way to tempering the fear of failing to meet their obligations.
Firstly, the sale of 23% of parent company Suning.com has brought €1.9b into the Chinese retail firm, and if the ruling Zhang family intend to continue at the helm of Inter then some of this will be expected to be used to cover the debts.
Alternatively, Suning will reach an agreement to sell the club before the end of the season, with new owners taking on the club’s debts themselves.
Secondly, an agreement has been reached to reduce emoluments owed to members and shareholders down by 15%, giving Inter greater financial breathing room.