Chinese owners Suning Holdings Group have been hit hard by the COVID-19 pandemic and this is now impacting Inter. The financial problems are so bad that Suning had to cease operations of its Chinese Super League team Jiangsu FC, who were crowned champions of China in 2020.
Inter president Steven Zhang has returned to Italy in recent weeks and has allegedly asked the Nerazurri’s players to take a short-term pay cut to help the situation. He is also due to sit down with Antonio Conte at the end of the season, with the financial crisis potentially impacting the coach’s desire to commit his future to Inter.
Reports today suggest that Suning have found US-based investment to help ease the monetary strain at Inter. According to Bloomberg, Oakland Capital Group are close to a deal to purchase 30 percent of the club which is currently owned by Suning’s minority partner, Lion Rock.
This sale will generate what is a much-needed €275million loan for Inter, which will hopefully allay the financial worries for the Italian champions and their fans.