Inter Nearing Short-Term Solution to Suning Group Money Crunch

Inter are working to re-finance their current bond and complete the season without financial tribulations. The current €375M one that is footing the club expires at the end of the year. However, the management is finalizing a new €400M debenture with the help of Goldman Sachs, Corriere dello Sport reports.

The move will bankroll the team at least until next June. The income from the Romelu Lukaku and Achraf Hakimi sales will also help. Inter had major liquidity issues in the previous campaign. The situation forced them to delay and dilute the payment of the wages. That should not be the case in the near few months.

The Nerazzurri will have to continue to find ways to self-finance in the short-term future. The Suning group is going through rough times, also due to the collapse of Evergrande. The conglomerate is collaborating with the Chinese government and Citic to restructure their debt, IlSole24Ore reports. Inter CEO recently stated that it would be unethical to ask for money to the Zhang family: “They have spent a lot over the years and must be thanked. Our strategy will be to lower the costs and valorize our resources.”

Instead, there are mixed reports on the potential sale to the Public Investment Fund, which took over Newcastle. While some outlets say the negotiation is in advanced stages, others suggest the talks took place before the acquisition of the English side. Suning does not seem keen on giving up Inter at the moment. If they changed their mind, the Oaktree group, which granted them a significant loan, and BC Partners would be the frontrunners over the Arab investors, Corriere della Sera reports.