Inter’s financial situation could force them into selling players and missing out on playing in top competitions, according to an US media report.
The New York Times say that the Nerazzurri’s future is shrowded in doubt with current owners Suning strapped for cash and looking to sell their majority stake in the club.
Talks have been held with at least one investor but an agreement could not be reached over a price for the Nerazzurri club, who Suning have owned since 2016.
Due to the pandemic, which has led to Inter missing out on gate receipts and losing sponsors who are dealing with their own financial problems, Inter have lost $120 million in the past year, one of the biggest losses a club has made in Europe.
Suning’s financial burden is only set to get heavier with them due to pay $1.2 billion in bonds this year and there is also a $360 million bond at Inter that must be paid out next year too.
Inter officials are looking for financing, a new partner or the sale of the club, which is valued at $1.1 billion.
Until recently Suning were in exclusive talks with BC Partners but the parties could not agree on a price and without fresh capital, Inter could lose players.
If they cannot pay salaries or transfer fees then European competition rules state that they could be banished from the top competitions.
