Inter director Beppe Marotta assures the club is ‘financially stable’ and still in a position to build a competitive squad, despite record losses.
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This week, Inter announced losses of €246m for the 2020-21 financial year, a new record for Serie A clubs.
That figure does not take into account the money earned by selling players this summer.
“It is a general situation of European clubs because of the financial crunch created by the pandemic,” Marotta told Sky Sport Italia.
“Inter at this moment are financially secure, as we sold some important assets, but consistency and stability come first and foremost. That is what management need to focus on, as well as building a competitive squad.
“This is the situation in Italy and Europe, first we have to ensure stability, then build the team. In the 1990s and 2000, players would flock to Serie A and stay, but now we are more of a transitional league before they move on to higher-paid contracts.”
Inter ensured their stability by selling Romelu Lukaku and Achraf Hakimi, but also taking a loan from US investment fund Oaktree.
“After the sales, we are financially stable. The rest is a financial operation made by the club owners, which I will not get into.
“What I can say is that the Zhang family invested €700m and have been consistently reassuring, even if from afar. We are here to support the coaching staff and help them focus on their work.”
There are also negotiations in progress to extend Marcelo Brozovic’s contract, as his current deal expires at the end of the season.
“We are working on several renewals and it’s a group that deserves to be confirmed in bulk for the future, but different players have different timing. There is great commitment from all the players, both those whose contracts are running down and those who deserve financial recognition for their performances.”
Marotta: ‘Inter in sicurezza finanziaria. Rinnovo Brozovic? Ci sono dinamiche da rispettare, siamo tranquilli’ https://t.co/vfIR2MrRff pic.twitter.com/amaCvhVkY3
— calciomercato.com (@cmdotcom) October 2, 2021
Stable as an active volcano can be