“Inter full of debts”: the analysis of the New York Times

The Nerazzurri club X-rayed by the US newspaper

Inter are in the Champions League final but they are “an old team” and above all “a club full of debts”. The New York Times ruthlessly analyzes the health – financial in particular – of the Nerazzurri, on the eve of the Champions League final scheduled for tomorrow in Istanbul against Pep Guardiola’s Manchester City.

“Inter are the most indebted club in Italy. According to the latest published financial statements, their total liabilities amount to approximately 931 million dollars. In the last two years, for which information is available, they have recorded losses of almost 430 million dollars”, observes the newspaper, highlighting that for years now the Nerazzurri “have been in a sort of financial crisis, due to the combined impact of the coronavirus pandemic, the decrease in Chinese state support for investments in European football and, above all, the problems of Suning”, the giant owner of the club. The analysis states that “in 2021, Suning Group had to accept a $1.36 billion bailout, financed in part by the local government, to deal with soaring debts. The same year it permanently closed the his Chinese club, Jiangsu Suning”, continues the NYT. The newspaper, outlining the picture, recalls that the property “has obtained a loan of 294 million dollars from Oaktree Capital, a California-based asset management company”. The loan expires in May 2023, writes the NYT, stating that “with interest, the total amount to be repaid is approximately $375 million” and outlining a scenario that should lead to the sale of the club.



Source-www.adnkronos.com