Nerazzurri President Steven Zhang will not attend the Inter Milan board of directors meeting later this month in person.
This according to today’s print edition of Turin-based newspaper Tuttosport, via FCInterNews, who report that Zhang will instead be present at the meeting via a video link.
Inter’s board of directors will meet in a little over a week, on October 26.
The club have already provisionally approved of their financial statements for the fiscal year ending in June 2023.
The club approved statements which record a total loss of around €85 million.
A key matter for Inter has been to ensure that financial losses fall within the limits allowed for by UEFA’s Financial Fair Play regulations.
The Nerazzurri have already successfully met the terms of their settlement agreement with European football’s governing body.
And now, the club will ratify a set of accounts that would see them fall within an acceptable range.
The €85 million in losses is down from €140 million that Inter recorded during the fiscal year of 2021-22. This is a significant improvement that sees the Nerazzurri comply with their settlement with UEFA.
Steven Zhang Won’t Be Present At Inter Milan Board Of Directors Meeting In Person
One of the main topics for the next meeting of the board of directors will be to give definitive approval to the financial statements that have already been provisionally approved.
The other item on the agenda will be approving the appointment of a new director.
Then, there will be a matter of addressing speculation about the club’s future. There are questions about whether Suning can hold on as owners as the due date for a massive loan that they took on from Oaktree Capital looms.
There had been some speculation as to whether Zhang would be attending the meeting in person or not.
According to Tuttosport, the Inter President will still be in China, however, not in Italy. Therefore he will attend the meeting via a video link rather than in person.