Inter owners Suning have made a cash injection of €10 million into the Nerazzurri in the form of shareholder funding.
This according to Italian football finance news outlet Calcio e Finanza, who report that the money will be used to cover operating costs at the club and has been taken out of the loan that Suning took out from US-based fund Oaktree Capital in 2021.
Calcio e Finanza report that Suning have been injecting cash into the Nerazzurri using money from the roughly €300 million loan from Oaktree, with €60 million reported in last December’s financial reports, which cover the fiscal year ending in June 2022.
In addition to these, €75 million was disbursed into the club in the form of shareholding funds in 2021, according to Calcio e Finanza.
Now, the outlet reports, Suning have made the first cash injection into Inter of 2023, coming in the form of a €10 million shareholder funding payment through Suning’s Luxembourg-based holding company Grand Tower, which has been taken out of the Oaktree loan.