Inter outline plan to radically cut costs

by | Jul 21, 2021 19:06

Inter director Alessandro Antonello reveals the extent of their radical financial overhaul. ‘We want to cut the cost of the squad by 15-20 per cent and make €80m on the transfer market.’

It is no secret that the Nerazzurri were struggling to make ends meet over the last few months, especially as after the pandemic, China also clamped down on investment in overseas ventures, limiting what Inter owners Suning could do.

After winning the Serie A title, they sold Achraf Hakimi to PSG and that won’t be the end of the changes.

“The objective is to cut the cost of the squad by 15-20 per cent, with a profit of €80m from the transfer market,” CEO Antonello told Radiocor.

He added that the primary aim was to sell players who are not part of the project, then see what the situation is and consider whether to ask the players to accept a flat rate salary cut.

It comes after the announcement that cryptocurrency site Socios are their new shirt sponsors, ending 26 years of Pirelli on their chest.

“We move to a digital partnership, which reflects the widening of the fanbase to an international level. Thanks to the new Global Main Jersey Partner Socios.com, Lenovo as the Back Sponsor and Global Techology Partner and the possibility of a sleeve sponsor too, we are aiming to bring in circa €30m per year from those deals, an important increase from previous seasons.”

Inter have been more open than most clubs in stating the damage done by the pandemic to their finances.

“The 2020-21 balance is the first where we felt the effects of COVID all the way through, circa €70-80m less coming in from the stadium revenue, so we hope that the new season can see stadiums open up again with a Green Pass for vaccinated fans. If not, that would be a huge blow.”

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