Inter Business CEO Alessandro Antonello: “Suning Has Affirmed Their Longterm Commitment To Club Via Oaktree Financing”

Inter Business CEO Alessandro Antonello: “Suning Has Affirmed Their Longterm Commitment To Club Via Oaktree Financing”
July 22, 2021 13:30
( )

Inter Business CEO Alessandro Antonello has spoken about the commitment of owners Suning to the Nerazzurri, and the plan in place to restore financial stability to the club.

The CEO gave an interview printed in today’s edition of Milan-based newspaper Gazzetta dello Sport, wherein he outlined some of the major financial events at the club recently.

Some speculation has taken place about the financial future of the Nerazzurri, and the viability of their current ownership, with the club having serious problems exacerbated by the lack of matchday revenues in addition to owners Suning having debt and liquidity issues with their parent company Suning.com which have come to a head recently.

However, as Antonello explains, the program in place to improve the club’s financial health is having a significant impact, and its component parts are functioning well.

On the impact of the switch to Socios.com as a shirt sponsor after the end of the iconic 26-year partnership with Pirelli he had this to say:

“It’s an epochal change, from tradition to innovation, the guidelines of the future are digitization and contact with millions of fans who will stop being passive, and become active in the club’s decisions. Ask people, for example, how they want to design the club bus or how they want to use new slogans.”

Financially, the new partnership is significant, and the CEO outlined why this is the case:

“We sold the back space of the shirt to Lenovo and now the sleeve is still missing, so we are looking for another partner. Thus, also pushed by the Scudetto factor, we get to about €30 million in earnings for the complete shirt. I know it has divided the fans a bit, but the new kit is brilliant for me – it recalls the snake that made us rejoice.”

“At the end of the market session,” he continued, “we will do the math and only afterwards will it be considered, if necessary, whether to propose a ‘flat’ reduction of the Juventus model salary to the players. By receiving the Oaktree loan, Suning reaffirmed its commitment on the medium-long term, and it is on this horizon that we act.”

Lastly, Antonello talked about the club’s relationship with and attitude towards the InterSpac initiative for fan shareholding at the club:

“All the initiatives of fans that show connection and love are welcome. But if with Socios.com the fan enters into certain decision-making processes, Cottarelli’s project presupposes a share representation that has much more, other dynamics and complexity, and it is not easy to achieve in the corporate context. Only when the project arrives in the second phase will we be able to really make any pronouncements.”

By Toni Weeler

Marcelo Brozovic’s Father To Begin Contract Extension Talks With Inter Next Week, Italian Media Report

July 28, 2021 19:40
( )

Inter will meet with the father of midfielder Marcelo Brozovic next week to begin talks on the extension of the Croatian midfielder’s contract. This according…

Nerazzurri Midfielder Roberto Gagliardini Suffers Knee Injury, Inter Confirm

July 28, 2021 19:20
( )

Inter have given an update on the update on the fitness of midfielder Roberto Gagliardini, confirming that the 27-year-old suffered a knee injury in training.…

Inter Midfielder Arturo Vidal: “I’ll Show Everyone Who I Am, I Want To Win Another Scudetto”

July 28, 2021 19:00
( )

Inter midfielder Arturo Vidal has given his thoughts about his return to training and the upcoming season. Speaking to Italian broadcaster Inter TV moments before…

Christian Eriksen Expected Back At Inter Next Week To Undergo Medical Tests To Determine If & When He Can Return To Playing In Serie A, Italian Broadcaster Reports

July 28, 2021 18:40
( )

Inter midfielder Christian Eriksen is expected back in Milan next week, where he will undergo medical tests that will shed light on his future with…

Inter Confident To Agree New Contract With Marcelo Brozovic, Italian Broadcaster Reports

July 28, 2021 18:20
( )

Inter are confident that they will be able to agree a new contract with Croatian midfielder Marcelo Brozovic. This according to Italian broadcaster SportMediaset, who…

Crotone President Gianni Vrenna: “Samuele Mulattieri Isn’t Only Player We Hope To Loan From Inter”

July 28, 2021 18:00
( )

Crotone President Gianni Vrenna has spoken about his desire to complete more deals with Inter after the arrival of goalkeeper Alex Cordaz at the Nerazzurri…

Close

Subscribe

to our newsletter