Suning could sell Inter due to the financial effects of the Covid-19 pandemic, according to a report from today’s paper edition of the Rome based newspaper Corriere dello Sport.
The report details how the Rothschild merchant bank has a mandate to both look for new shareholders to replace Lion Rock, who have 31.05% of shares in the Nerazzurri, and to possibly sell the entire share package.
Suning are working to refinance the debt, with a €300 million bond from Goldman Sachs and a €75 million from JP Morgan both set to be concluded by the end of 2021. In financial circles rumours surrounding the club are beginning to circulate.
In meetings with coach Antonio Conte the Zhang family were very clear, no large investments can be made and players must be sold before new ones can be signed. It’s essential that the club finish in the top four to secure the Champions League money, but the Scudetto is a bonus rather than requirement.
Regarding wages, Inter have paid the squad for September and October and have postponed July and August’s payments until next month. The management have also started talks with the squad regarding the salaries for November and December, which must be paid by the 16th February.
In order to increase revenue, Suning are looking for a new main shirt sponsor to replace Pirelli from next season, with Evergrande or a brand linked to the Guangdong group both possibilities to replace the Italian company.
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