Inter still need to enact cost-cutting measures despite securing a loan from Oaktree Capital, according to a report in the Italian media today.
Corriere dello Sport’s print edition said the Nerazzurri had exited their moment of financial crisis after the €275 million deal was agreed, but they still need to reduce their wage bill in the summer.
Inter will need to make a profit in the upcoming transfer window, which will involve selling players and potentially members of Antonio Conte’s starting XI.
The target is to become a club that can finally ‘walk on its own’ again, the Rome-based paper explained.
Suning’s loan from Oaktree will help Inter pay their salary installments for November and December 2020, which are both due before 31 May.
The players’ monthly payments for March, April and May are then due to be paid by June 28, with the June installment to be settled by the end of September (along with some of Inter’s Serie A title bonuses).
After the current financial year ends on June 30, Inter will need to pay the interest rates on their two bonds worth a total €375 million.
