According to reports, Inter risk seeing their finances hit by the failed payments from sponsor DigitalBits, so their rating could be reduced to ‘junk bond.’
The Nerazzurri had an agreement with DigitalBits to be their main shirt sponsor, but the cryptocurrency company missed payments and then attempts to work out a new plan also failed.
Now Calcio e Finanza claim that CreditWatch see this having a knock-on effect for the value of their Inter Media and Communication S.p.A. bonds.
If confirmed, Standard and Poor’s Global Ratings could bring down Inter’s rating to junk bond status.
Inter are under a great deal of pressure now to find a new and reliable sponsorship contract to fill the gap left by DigitalBits.
The Inter bond is currently in the B level, so already considered ‘highly speculative’ on financial markets and that could deteriorate further.
DigitalBits missed a payment worth €1.6m in bonuses for the 2021-22 Serie A season and the first instalment worth €16m for the 2022-23 campaign.
The total contract is worth €24m, but Inter have already removed all trace of the DigitalBits sponsorship from their jerseys, website and advertising boards.
dear lord – even old lady are not this bad
Mohammed
So it is obvious you don’t know what is happening at Rubentus. Prepare yourself for serie c😂
What 24 millions OMG….. But realistically it is not a lot of money considering that would be worth a transfer value of an average player that will be benched at Inter.PLus Inter is a big enough brand to find their shirt sponsor even for short terms. But for how many times people need realise these crypto stuff is all about hype and no value. In a very short space of time these companies have come and go so fast and people keep making the same mistakes.
all inter – not many know whats going on at old lady, but its coming out, serie c – too easy for us, however do you want chiellini twin brother to do your club figures 🙂
Mohammed
No thanks keep them for yourselves.
Maybe not many knew but now many know what they have done for years to win and consequently destroy serie a.
all inter – poundland inter have done the same