The sale of Inter Milan has made new progress. On September 23, the front page of the Turin Sports newspaper reported that funds from the Middle East were expected to buy Inter for about 1.3 billion euros (10.1 billion yuan). In the short term, Inter president Zhang Kangyang will evaluate whether to sell the club.
Inter Milan on the pitch is invincible: 2022-23 Champions League runner-up, Serie Super League winner, Coppa Italia; In the 2023-24 season, Inter started with four consecutive wins in Serie A and remained at the top of the table.
However, Inter still have huge financial pressures.
First, loss-making operations. Inter have been losing money in recent years: €17.7 million in 2017-18, €48.4 million in 2018-19, €102.4 million in 2019-20, €245.6 million in 2020-21 and €140 million in 2021-22.
The second is debt pressure. In May 2021, Inter signed a €275 million loan agreement with Oaktree Capital at an annual interest rate of 12%, which will be repaid after three years with interest. In May 2024, Inter will need to repay this debt, which you can calculate by using the calculator, which is a huge loan of more than 350 million euros.
As the chairman of Inter, Zhang Kangyang has done his best in the operation management - Inter in the Suning era won 5 trophies and reached the Champions League final; With a transfer profit of €69 million this summer, the team remains competitive. However, huge debts are like a sword hanging over the head, and this is a problem that must be faced.
"Turin Sport newspaper" revealed that Inter has entrusted the US commercial bank Rennes Group to find a buyer, Rennes Group has also found potential donors, and the fund from Arabia is willing to contribute 1.3 billion euros to complete the acquisition of Inter Milan. In a short period of time, Inter president Zhang Kangyang will make a decision (choose to sell).
Inter's €1.3 billion valuation is higher than that of city rivals AC Milan. Last summer, Redbird Capital bought AC Milan for €1.2 billion. Inter have a better record than AC Milan in recent years and deserve a higher valuation. If Inter's sale is completed, multiple parties will receive funds – Suning owns 68.55% of Inter, LionRock Capital owns 31.05% and Pirelli holds 0.37%.