Suning Must Sell Inter For Sake Of Club, Italian Media Argue

Suning Must Sell Inter For Sake Of Club, Italian Media Argue
September 26, 2021 15:00
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Suning’s ownership of Inter is no longer tenable, and the Chinese company should sell their shares in the club rather than continuing to put it in financial trouble.

This according to today’s print edition of Rome-based newspaper Corriere dello Sport, who argue that the current owners are not in a position to run the Nerazzurri in a sustainable manner and would do well to find a buyer who is better-suited to the club’s economic needs.

Inter are currently operating at a monthly loss of around €10 million, while the proceeds of major sales of Achraf Hakimi and Romelu Lukaku are somewhat dampened by the fact that portions of the instalments received for the two players are still owed to their respective former clubs Real Madrid and Manchester United.

The two major sales were meant to bring financial stability to the club in a difficult situation, and they did do much to balance the books on a present basis, but the ongoing issues being experienced by Suning suggest that the underlying problems will not go away any time soon.

For this reason, the Corriere posits that the best option would be for the present owners to find a buyer who can support the club with cash contributions rather than having to rely on painful sales like those of Lukaku and Hakimi every summer just to keep the club above water.

The InterSpac initiative for fan shareholding remains in the background although it is unclear how the shares would pass into the hands of minority shareholders without becoming a problem for the structural economic balance at the club.

For the Corriere, the best option would be for Suning to seek a buyer who are able to invest the cash needed by the club in the long term, though this would require the cooperation of American fund Oaktree Capital who gave a large loan to Suning to stabilize their ownership of the club, and of LionRock, who hold 32% of shares in the club at present.

By Toni Weeler

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