Inter Are Financially Secure Despite Suffering Record-Breaking Losses, Italian Media Report

Inter Are Financially Secure Despite Suffering Record-Breaking Losses, Italian Media Report
October 3, 2021 21:00
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Inter look to be financially secure in the immediate future thanks to the €275 million loan from US fund Oaktree Capital and the anticipated refinancing of their bond to €400 million.

This according to today’s print edition of Milan-based newspaper Il Sole 24 Ore, who report that the Nerazzurri look to have steadied their financial situation from the deficit of €348 million over the past two years.

The Nerazzurri have experienced well-documented financial problems recently, with loss of revenue due to the pandemic as well as liquidity and debt issues at the parent company of owners Suning leading to the club running at a substantial loss.

The Nerazzurri had suffered losses of €245.6 million last year, which combined with the €102.4 million of the year prior paints a picture of serious difficulties, compounded by the ongoing setbacks faced by Suning in China.

However, the club have been working to secure themselves and steady their financial situation, with the €275 million loan from Oaktree having helped make up for losses, while the club are also working on refinancing their bond to €400 million alongside other management adjustments.

By Toni Weeler

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