Suning Looking For New Investors To Partner In Inter, Italian Media Report

Suning Looking For New Investors To Partner In Inter, Italian Media Report
September 19, 2021 20:00
( )
SempreInter.com

Inter owners Suning are looking for new investors to partner in their ownership of the club, with the work done in the transfer market this summer still not enough to have financially stabilized the club.

This according to Italian news outlet Repubblica.it, who report that the owners are actively in search of new partners, though rumours of a purchase attempt by Saudi fund PIF have been denied.

Inter brought in a net of around €130 million over the summer in the transfer market, with the high-profile sales of Romelu Lukaku and Achraf Hakimi bringing large fees into the club’s coffers, while the wage budget was also significantly reduced, and the new sponsorship deals brought in a 245% increase in revenues from new partners.

However, the club is still operating at a monthly loss of around €12 million, partly due to the debts held by Suning, and so the owners are still looking to stabilize the situation at the club.

To this end, new investors are being sought to bring an influx of cash into the club to help stabilize the situation.

By Toni Weeler

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