Inter Milan can sell some players if Suning does not find any investment. They could also miss out on playing in top competitions. As reported by the New York Times. Suning took Inter from Erick Thohir in 2016. Now Inter will have to look for the best partner which can guarantee a loan of between €250-300 million. So that they can reach the end of the season.
Suning have decided to stay as the major shareholders of the club for the time being. Previously the Zhang family were in splits and could not make a decision. They will continue their search for a lender or a minority shareholder who can take over LionRock Capital’s stake, or perhaps a bit more. But Suning will not sell a majority stake at Inter. They want to remain Inter’s main owners unless an offer worth €1 billion arrives. But there are no offers of that nature. BC Partners have been linked with investing in Inter for nearly three months now. But there has been no talk of any progress in recent weeks.
Inter can sell some players if they do not find any investor
Due to the pandemic, which has led to Inter missing out on gate receipts and losing sponsors who are dealing with their own financial problems, Inter have lost $120 million in the past year, one of the biggest losses a club has made in Europe.
Suning’s financial burden is only set to get heavier because they have to pay $1.2 billion in bonds this year. Also, there is a $360 million bond at Inter that must be paid out next year. Until recently Suning were in exclusive talks with BC Partners but the parties could not agree on a price and without fresh capital, Inter could lose players. If they cannot pay salaries or transfer fees then European competition rules state that they could be banished from the top competitions.