Inter owner receives bank clearance to clear Nerazzurri debt

Inter president Erick Thohir has been given clearance by Goldman Sachs bank to buy out the club and clear its debts for €200 million.

The move confirms the Indonesian businessman, who took over from Massimo Moratti last November, as the majority shareholder of the club as they look to rebuild for the future.

ANSA reports that the money will be used to cover the reported €80 million debt that Moratti had and refinance the club moving forward.

Thohir is now expected to hold further talks in order to secure funds to finance the Nerazzurri’s summer transfer window, with the owner reportedly looking to secure between €30-40m for signings.

Follow Adriano Boin on Twitter: @Boin44