Sat. Mar 6th, 2021

Man Utd

News

Inter Milan ‘are seeking £142MILLION cash injection amid financial turmoil’

2 min read

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 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

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

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.

Romelu Lukaku arrived for £74m last season as one of Inter's big recent buys

Christian Eriksen also arrived in a £16m deal

The club have spent heavily recently, including on Romelu Lukaku (L) and Christian Eriksen (R)

The Chinese group – who value the club at around £785m – have spoken about selling a stake in the club or a full takeover by another firm, the report adds, although BC Partners value the Serie A giants closer to £650m.

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 club’s 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.

Copyright © All rights reserved. | Newsphere by AF themes.