Inter Doing Better Financially but Not Swimming in Gold

Inter closed the last six months of 2023 in the black by €22M thanks to vastly superior income compared to previous seasons. They were in the red for €63.5M at this same time last year. The positive trend stems from the summer transfer market window, which generated profits for €41.7M, the Champions League prize money, richer matchday income, and new sponsorship deals.

On the other hand, the rebound is just technical and momentary, La Gazzetta dello Sport informed. It mostly derives from André Onana and Marcelo Brozovic’s departures. The Nerazzurri are set to lose €40/50M at the end of the season if they don’t sell anybody before June 30^th. It’s still an improvement from the past, though.

Inter won’t need to part ways with their top players just to balance the books. In addition, they won’t have to lower their payroll, which is sustainable despite the incoming renewals. However, they’ll have to cash in on somebody if they want to spend on fees. That’s why they have been particularly active on the free agent market.

According to Il Sole 24 Ore, Oaktree is considering giving Steven Zhang more time to repay his mammoth debt, whose deadline currently falls on May 20th, in exchange for guarantees that the Chinese business will find new investors or even a buyer in the short term. Those operations take time to come together. Absent that, the fund would be ready to collect its collateral and take over Inter.