Suning Strengthen Commitment To Inter With Cash Injection Of Over €100M, Italian Media Report | OneFootball

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SempreInter.Com

·28 September 2022

Suning Strengthen Commitment To Inter With Cash Injection Of Over €100M, Italian Media Report

Article image:Suning Strengthen Commitment To Inter With Cash Injection Of Over €100M, Italian Media Report

Inter owners Suning are ready to put a cash injection of over €100 million into the club in order to cover losses of the previous fiscal year.

This according to today’s print edition of Milan-based newspaper Gazzetta dello Sport, who report that the current owners have sent a signal that they remain committed to the running of the Nerazzurri despite financial struggles and rumours of a sale with the cash injection.

Inter’s board of directors meet today, and one of the main items on their agenda is confirming losses of around €140 million year for the fiscal year ending in June 2022.

These are significant losses, but they are still a reduction of over €100 million from the losses from the previous fiscal year, and the owners are prepared to show a commitment to stabilizing the situation by announcing a cash injection to cover large parts of the losses.

Compared to last summer, when a huge €275 million loan from US-based fund Oaktree Capital was required to cover losses, the owners will now put the cash injection into the club themselves.

Meanwhile, the losses that are confirmed in the meeting of the board of directors today will then be put before the shareholders’ meeting at the end of October.

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