Inter Need Loan For ‘At Least €230M’ After Super League Project Collapses, Italian Media Claim

Inter Need Loan For ‘At Least €230M’ After Super League Project Collapses, Italian Media Claim
April 22, 2021 16:30
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Suning need a loan deal to secure Inter’s long-term financial stability after European Super League project collapsed, according to a report in the Italian media today.

The Nerazzurri were one of nine clubs to officially withdraw from the franchise after the plans were met with widespread condemnation from fans, players, politicians and rival clubs.

La Repubblica’s print edition said Suning had to find an alternative source of income to solve Inter’s liquidity problems following the Super League fiasco.

The Nerazzurri need a loan of at least €230 million, with club shares pledged as part of the deal and an interest rate of at least 10%.

A report elsewhere in Italy’s media on Thursday said Suning were in talks with Fortress, King Street Capital Management and Bain Capital over a loan worth €250 million.

Inter were expected to receive a signing-on fee of around €300 million just for taking part in the Super League, which now seems destined not to happen.

By Will Beckman

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