Inter Milan’s fate might seem to be good on the field, but darkness looms on them off the field, as the club is facing an imminent crisis. The current Serie A league leaders, who were also in the UEFA Champions League final last year, are fearing the club might go bankrupt in the near future, with their financial condition deteriorating.
Italian clubs have struggled to strike good revenue numbers since the past decade, with only the Premier League enjoying crazy figures being pumped into their clubs. While the Super League idea remains an option for Inter Milan, provided there is any concrete idea, the future of the Nerazzurri looks bleak.
Why is Inter Milan on the verge of bankruptcy?
Inter Milan were bought by Steven Zhang in a bid to save the ‘sinking ship’ that the Nerazzurri actually were before 2016. With a great comeback orchestrated, Zhang’s Inter were very close to winning the UCL title last year and have also driven their car pretty well in the league this year, leading the pack with 44 points on the board already.
💣🚨| Inter Milan are on the brink of bankruptcy; only the sale of Brozovic and Onana allowed business continuity in 2023-24. [@ilgiornale] pic.twitter.com/529oq1KMJK
— Football Talk (@FootballTalkHQ) December 28, 2023
However, the club is currently in a financial pickle. Inter resurfaced in the news when they paid the annual pay for ten of its board members. All the members, including CEOs Alessandro Antonello and Guiseppe Marotta, got very little as compared to their pay of $2.16 million in the previous financial year.
Inter Milan are on the brink of bankruptcy, with only the player sales of Andre Onana and Marcelo Brozovic allowing business continuity into 2023/24
— Ballboxtv_ (@ballboxtv) December 28, 2023
Inter Group as of June 2023, also reported a negative net worth of €161.9 million, claim lIgionarle 👀#InterMilan #SerieA pic.twitter.com/kiROMcjW8A
Luca Marotta, a blog accountant and auditor, claims that the club reduced expenses by 11.8% to $465.5 million while seeing a -3.2% decrease in sales to around $473 million. In addition to this, the site claims that the club owes a significant amount of money, roughly $898 million. Despite this, the amounts are lower than the $980 million from the prior year.
How can Inter stave off the financial debacle?
Player sales could be one of the ways Inter Milan can save themselves from bankruptcy. As it has also been revealed that the sales of Marcelo Brozovic to Al Nassr for $20 million and Andre Onana to Manchester United for $57 million were pivotal for Inter in continuing business, Inter might have to get rid of big names in order to stay in the picture.
However, Inter have also been in the rumors of siding with Real Madrid and Barcelona to initiate a breakaway league in the name of the Super League in the hopes of carrying on with their business numbers without any threats.
But, with the Super League being a very far shot, it seems like Inter have no other option but to hope a billionaire takeover happens in the coming times and the debts can be paid off then.
Why do you think the Italian clubs struggle, despite being one of the biggest and most entertaining leagues? Let us know via comments.
