Inter face financial reckoning in April 2024

Il Giornale outlined that Inter were only able to survive by selling Marcelo Brozovic and Andre Onana, but the real problems could arise in April 2024.

It has been known for some time that the club faces a financial reckoning when the high-interest loan from Oaktree has to be repaid.

Newspaper Il Giornale published an article this week going through their books and noted that for the 2022/23 financial year the club lost €85.4m.

That was actually an improvement, because they cut costs by 11.8 per cent, but still have €807m in debts, again cut from the €881m of the previous year.

The sales of Brozovic to Al Nassr for €17.5m and Onana to Manchester United for €50.2m were able to keep them afloat, as well as increased revenue from reaching the Champions League Final.

The real issue, as has been known for a long time, is the deadline of late April 2024 to repay the €275m loan from Californian trust fund Oaktree.

If Inter’s parent company Suning are unable to repay it, then Oaktree could effectively repossess the club, similar to what happened when Elliott Management took over Milan from Yonghong Li.

Suning and President Steven Zhang continue to insist the club is not for sale, but reports also maintain there are several banks given the task of finding new investors.

It is worth noting that this situation does not mean Inter fans should expect any sort of fire sale of star names, certainly not in January, other than the usual departure of players sold on at a massive profit.

The next is likely to be Denzel Dumfries, as he has not agreed a new contract and has already been replaced in the squad by Carlos Augusto.