Repubblica: Inter losing 12m Euro per month

by | Sep 19, 2021 12:09

According to La Repubblica, Inter are far from out of the woods financially, as they continue to run at a loss of €12m per month.

Chinese owners Suning warned the situation was dire just days after winning the Serie A title, announcing massive cost-cutting measures.

This included the sale of star players Romelu Lukaku and Achraf Hakimi to Chelsea and PSG respectively.

Between sales and purchases over the summer, Inter ended up with a profit of €130m from the transfer market.

They also boosted sponsorship revenue by 245 per cent thanks to new deals from Lenovo, Socios, Zytara and DigitalBits.

However, La Repubblica newspaper points out the club is still struggling financially and running at a loss of €12m per month.

Suning took a loan of €275m from Oaktree in May and will need to either find new investors or risk losing control of the club.

Repubblica also reports that links with Saudi group Pif, who had tried a takeover at Newcastle United, are not considered to be particularly strong.

epa07866201 Picture made available 24 September 2019 of (L- R) Chief Executive Officer Sport FC Internazionale Giuseppe Marotta, President FC Internazionale Steven Zhang Kangyang and Chief Executive Officer Corporate FC Internazionale Alessandro Antonello arriving for the Best FIFA Football Awards 2019 in Milan, Italy, 23 September 2019. EPA-EFE/MATTEO BAZZI

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