Inter-Suning: 100 million for the transfer market. Here's how they balance the books.
Inter are now officially in the hands of the Suning Group after the sale was finalised earlier this week. The fans of the nerazzurri are now asking if this new investment “can really change something within the club or will Uefa’s Financial Fair-play sanctions affect the summer transfer window?”
100 MILLION FOR THE MARKET
Marco Bellinazzo on Sole 24 Ore has explained the operation behind the Suning Group’s acquisition on Inter and how it will prove decisive on the transfer market. Suning has increased the capital by €142 million; this figure will be used to settle a part of the debt of the club (including the loans of Thohir), but not the financing of Goldman Sachs (which has dropped to €210 million) which expires in 2019. Suning has however also arranged a loan of €100 million which will serve primarily to fund the operations of the transfer market this summer.
BALANCING THE BOOKS
The much talked about Financial Fair-Play will not be obliterated; the nerazzurro will close their operations on June 30 2017 with a substantial budget balance. So the obligation of acting within the Fair-Play rules remains, but it does note attention as there will be another 12 months to raise the turnover. Suning will use this 12 months to target the Chinese market with merchandise sales and look for new investors to come on board at a commercial level because with new sponsors, comes a greater piece of mind on the transfer market.
Steve Mitchell @barafundler
Steve Mitchell @barafundler