Inter Milan ‘are seeking £142MILLION cash injection to keep Antonio Conte’s side competitive next season with owners struggling to find investment’ amid financial turmoil at the San Siro after being hit hard by Covid-19
- Inter Milan are desperate searching for new investment, according to reports
- The Serie A giants have been greatly affected by the coronavirus pandemic
- Majority shareholders Suning Holdings are said to be seeking a £142m injection
Inter Milan are desperately looking for new investment to keep the financially stricken club afloat, according to reports – with the club said to be seeking a £142million cash injection.
The Nerazzurri have spent heavily in the last few seasons in a bid to transform the team into Serie A title contenders, but their outlay combined with the Covid-19 pandemic has left them in a vulnerable position.
Manager Antonio Conte was backed in the transfer market last season, signing Romelu Lukaku from Manchester United for £74m, while Christian Eriksen arrived for £16million from Tottenham.
Inter Milan are seeking a £142million cash injection amid a financial crisis at the San Siro
The owners are in talks with investors to keep Antonio Conte’s side competitive next season
This summer, they splashed out £35m on Real Madrid’s Achraf Hakimi and secured a permanent deal for ex-United star Alexis Sanchez.
Majority shareholders Suning Holdings have been in talks with a number of companies but have failed to negotiate a possible investment, the Financial Times reports.
BC Partners, a private equity firm, are said to have pulled the plug on talks with the Italian outfit after failing to come to an agreement on valuation.
The club have spent heavily recently, including on Romelu Lukaku and Christian Eriksen
The Chinese group value the club at around £785m, the report adds, although BC Partners value the Serie A giants closer to £650m. Suning are said to have spoken about selling a stake in the club – possibly at a loss.
Suning purchased Inter in 2016 for around £235m – with Steven Zhang intent on bringing glory back to one of the biggest clubs in world football, highlighted by the big-money buys.
But if the club is unable to secure an investment deal with BC Partners, then a cash injection will be crucial to allow the team to remain competitive beyond the end of the current season, FT claims.
Steven Zhang (right) bought Inter for £236m in 2016 but is now seeking investment
Suning are said to have financial problems of their own in their native China, with FT reporting that they are finding it much tougher to fund the club due to a crackdown on companies directing capital out of the country.
The owners will be pleased to see Conte’s side keeping pace at the top of the league table, with the team currently second, two points behind rivals AC Milan.
Qualifying for the Champions League – something Conte achieved last season – will be vital as a source of revenue, although Inter suffered a blow this term by failing to get out of their group and dropping into the Europa League.