Inter Milan: A club In CRISIS. . Inter's Chinese owners Suning Holdings are desperately trying to sell their majority share in the club amidst a spiralling financial crisis. Speaking at the forum for the opening day of the transfer market in Rimini, as reported by FCInterNews, the executive stated that the current financial environment is unsustainable and that clubs will need to work to change it. Since Inter Milan are officially on sale because of their financial crisis, Lukaku being their highest-paid player will have to part ways despite being contracted until 2024, the report said. Chinese retailing giant Suning has received approval from the holders of its 4.2 billion yuan ($656.5 million) bond to delay repayment amid increasingly desperate plans to claw its way out of . . Suning's financial pain is partly self-inflicted. MILAN — Inter Milan reported a record loss of 245.6 million euros ($285 million) for the 2020-21 financial year on Thursday, the highest ever for a Serie A club. Milan closed of the 2020 financial year with a record loss of 194 million euros but this was largely exacerbated by the COVID crisis. Inter Milan's Chinese owners spent heavily on big stars, and now it is winning again. Loss in revenue and a huge pile of debts have forced the Chinese organization to freeze the investment at Inter Milan. Elliott Management have inject €650m in capital since seizing control of the . Milan reported a loss of 96.4 million euros ($111.8 million) for the 2020-21 financial year at a shareholders meeting on Tuesday. AC Milan kept their noses in front of city rivals Inter at the top of Serie A with a 2-0 victory over Genoa on Friday. Genoa remained three points from safety. As one of China's biggest electronics retailers, the $8 billion company led by Zhang Jindong went on an aggressive buying spree in recent years, snapping up Carrefour's Chinese business, as well as football clubs Inter Milan and a now-defunct local team. That was the plan last year, as PCP Capital Partners agreed a £305million deal to buy the club. The COVID-19 pandemic affects everyone at all levels, of course the financial ones. Paris Saint-Germain have. And now this year, for the first time in 60 years, neither AC Milan nor Inter Milan has qualified for European competition. It was Milan's 18th Serie A crown, which tied them with their intra-stadium rivals. The Treasury market had never broken down so badly, even in the depths of the 2008 financial crisis.The Fed called an emergency meeting on March 15, a Sunday. MILAN (AP) — AC Milan has cut its financial losses in half over the last year, despite the coronavirus pandemic. Inter Milan Owner Embroiled In Colossal Debt By Shen Xinyue and Guo Yingzhe. We'll send you a myFT Daily Digest email rounding up the latest FC Internazionale Milano SpA news every morning. But the bill is . Milan's current net debt is 104 million euros which is significantly less than that of Juventus and Inter Milan. 1. it is questionable whether Inter fans will accept a financial strategy . 30/06/2018. Inter Milan Is Threatened by Challenges at Suning, Its Chinese Owner. China-based retailer Suning Commerce Group is in the middle of a financial crisis and is looking to sell the majority stake of the club which they acquired in 2016. Milan reported a loss of 96.4 million euros ($111.8 million) for the 2020-21 . Milan reported a loss of 96.4 million euros ($111.8 million) for the 2020-21 . The club had spent €600m under the new owners over the years, including some of the key players of their title-winning team. Inter CEO Beppe Marotta has given his thoughts about the nature of modern football from a financial perspective. Marc Mayo; 17:53, 4 Feb 2021; Fresh spending restrictions for soccer clubs imposed by. Serie A. Inter Milan are under pressure to agree a deal to sell right-back Achraf Hakimi, who is among Chelsea's targets, by the end of the month to ease their financial crisis. The damning news comes just a week after Romelu Lukaku and. Marc Mayo; 7:01 ET, Apr 28 2021; INTER MILAN players are reportedly ready to give up their Serie A title bonuses to help the club's crippling debt problem. Genoa remained three points from safety. 36 months are about 3 years or 3 season, everything can happen in very short in . Martinez joined Inter Milan in 2018 after emerging through the ranks at Argentina's Racing Club de Avellaneda, and making the £19m move ($25 million) on a five-year. In the aftermath of the Blaugrana's 2-1 UCL triumph over Inter Milan in December, a first ever at the San Siro, official social media accounts were awash with the "Made in La Masia" slogan.. "It is not an easy path and there is still a long way to go — due in no small part to the current crisis that continues to affect the entire . MILAN: AC Milan maintained their lead in Serie A after beating relegation-threatened Genoa 2-0 on Friday. Inter are facing a drop in revenues due to the virus crisis, as matches are played in empty stadiums and companies cut sponsorship budgets. Photo: The Paper. China-based retailer Suning Commerce Group is in the middle of a financial crisis and is looking to sell the majority stake of the club which they acquired in 2016. 3 Nico Barella and Romelu Lukaku are just two of Inter Milan's expensive purchases Credit: Getty Images - Getty That compared to losses of 194 million euros ($225 million) last year. The Price of Inter Milan's Success . The financial constraints have happened to all clubs during this pandemic..but only Inter has been put in broadcast. In the last full season fans were in attendance, 2018/19, Inter made $56m in match day revenue. He took over at Inter in 2019 and reached the Europa League final in his first campaign before winning Serie A by 12 points this season. MILAN (AP) — AC Milan failed to qualify for Europe for a third straight season and club president Silvio Berlusconi is in negotiations to sell a majority stake in the club to a group of Chinese. Inter's Marcelo Brozovic celebrates after scoring the first goal of the game during the Italian Serie A soccer match between Calcio Spezia and Inter Milan at the Alberto Picco Stadium in Spezia . Rafael Leao and Junior Messias helped Milan move back two points ahead of Inter after the . Inter Milan stars 'will give up bonuses for winning Serie A to help financial crisis' with club £548m in debt. There are now talks in Italy that the club may be sold urgently . Inter Milan desperately seek £146m in funding with club in financial crisis after influx of big-money buys under Conte. Loss in revenue and a huge pile of debts have forced the Chinese organization to freeze the investment at Inter Milan. Club: Inter Milan Value: €70m. The defence has needed an upgrade for a long time, whilst the departure of Christian Eriksen (ironically to Conte's Inter Milan) has left a creative void that has yet to be filled. Barcelona 's financial crisis has deepened after LaLiga cut another €300 million ($349 million) from their spending limit, with six clubs in the Spanish top-flight now permitted to spend more . Furthermore, manager Antonio Conte was said to reduce the transfer budget because of the crisis. INTER MILAN are reportedly chasing a £146MILLION cash injection to ensure they can compete next season. Touted to be one of the richer clubs in the Serie A, Inter Milan have been adversely hurt by Coronavirus as well. MILAN: AC Milan has cut its financial losses in half over the last year, despite the coronavirus pandemic. Champions Inter Milan have 'serious financial problems' - Zanetti Inter Milan vice-president Javier Zanetti spoke about the club's economic situation following the Nerazzurri's 2020-21 . Related articles Banking and Financial Institutions, Business News, Business Updates, . Just over a week had passed and the hangover had finally been cured, or so they'd thought. MILAN (AP) — AC Milan has cut its financial losses in half over the last year, despite the coronavirus pandemic. Debt-Riddled Inter Milan-Owner to Raise Cash by Selling Staff Apartments. Inter Milan will miss out on the Champions League for a fifth straight season and is scrambling to avoid financial fair play penalties. Former Inter star ready to help remedy Milan's financial crisis. Despite winning the 2021 Serie A title, the current Chinese owners, the Suning Holdings Group, have been . Inter Milan Financial Crisis, Debt, Bankruptcy And Liquidity Milan are going through a financial crisis. With Levy keen to talk up the effects of lockdowns and restrictions on the club's finances, would the club change ways for either Pochettino or Conte? . Storylines Inter: This summer was not how Inter fans would have hoped their team would respond to their first Scudetto in 11 years. Loss in revenue and a huge pile of debts have forced the Chinese organization to freeze the investment at Inter Milan. Suning founder Zhang Jindong. The Suning group, which Inter Milan belongs to, has suffered a major setback. Buyers were scarce. Just two weeks after winning a first Serie A title in 11 years, Inter are dealing with a pandemic-caused cash-flow crisis, and everyone is now fully aware of the extent of the problem. Gautam Kapoor 17/01/2021 The Serie A side is said to be in a financial crisis with COIVD hurting the owners hard . Arsenal can. In his latest for MilanNews, Franco Ordine - well versed in the financial matters at Milan - has stated that failure to qualify for the Champions League would not be as catastrophic as some media outlets are making out.. Milan's net debt is €104m which is just a third of Juve and a quarter of Inter. Hakimi is arguably one of the best right-backs in the world and, with Inter needing to raise funds amid a financial crisis, . Furthermore, the club also lost out on $54m worth of sponsorship revenue from their links to China,. Inter Milan, a Storied Italian Soccer Club, Is Threatened by Shifting Prospects in China. The celebration for the Nerazurri's 11-year long wait for a Scudetto has been short-lived. . Five years ago, Milan won the league with 82 points, and Inter finished second with 76. Just two weeks after winning a first Serie A title in 11 years, Inter are dealing with a pandemic-caused cash-flow crisis, and everyone is now fully aware of the extent of the problem. Inter has played a match less than Milan as it still has to play a postponed match against Bologna. China-based retailer Suning Commerce Group is in the middle of a financial crisis and is looking to sell the majority stake of the club which they acquired in 2016. Written By Minaam Ansari In an unprecedented move, Jiangsu FC, the reigning Chinese Super League champions have ceased all operations at the club. . Inter Milan players and staff have been asked to "give up two months of their wages," just over a week after winning their first Serie A title in 11 years, as the club's financial crisis "deepens." Club owner Steven Zhang has asked the squad for their cooperation in freezing their wages to "help keep the club afloat during the pandemic." Elliot Management - the American owners - have injected 650 million euros since taking over. Inter's pockets faced big blows throughout the season with the Italians losing out on almost 56 million dollars. Il Corriere dello Sport (via MilanNews) takes a look at the situation surrounding the three biggest clubs in Italian football, starting with the contrasts in the January transfer window.Inter have signed Robin Gosens and Felipe Caicedo, Juventus have . Conte has departed due to the fact the newly-crowned Italian champions want to sell at least £69million (€80m) worth of talent to balance their books. Inter Milan Owner Embroiled In Colossal Debt A raft of expensive transfers and the coronavirus pandemic have combined to create a. coupled with the financial implications of the COVID-19 crisis . Indeed,. Talks slowed down in spring with the prospect of entering the Super League, thus Inter would be guaranteed a huge sum of money. The two Milan teams also meet on Tuesday in the second leg of the Italian Cup semifinals. It has had a big impact on the club's coffers.. Inter's owners, Suning, have been hit hard by the economic chaos caused by the pandemic, meaning Lautaro Martinez, Romelu Lukaku and Antonio Conte could all leave the newly crowned Serie A . A raft of expensive transfers and the coronavirus pandemic have combined to create a. Regarded as the place to be in the 80s, Serie A has been experiencing a crisis of . Milan was again going through an injury crisis and struggling for goals ahead of the match against Genoa. Almost 25% of annual revenue came from regional sponsorship. Despite being set for a first Scudetto in over a decade, the Italians are . Inter's 3-1 win at Spezia earlier in the day, which lifted them a point . Suning Group, the Inter Milan owners, has halted their complete operations in China, including at Jiangsu FC, citing financial woes amid the coronavirus crisis. The two Milan teams also meet on Tuesday in the second leg of the Italian Cup semifinals. Milan went from the deep red of €-194.6m to €-96.4m in the last financial year ending June 2021. Inter Milan vice-president and former captain Javier Zanetti has confirmed the club's worries in a revealing interview with La Nacion, as quoted by AS. Inter Milan is reportedly in contention for the player as well, as they have made a comeback in the Champions League and are set to strengthen their squad for the next season. Super League collapse raises stakes to turn around the club. Inter and Juventus instead increased their losses with the former at €-245m and the latter at €-200m. The financial situation worsened when three huge sponsorship deals expired at the end of the season and Inter lost more funds. crisis was a big blow for the owners of the Milan clubs . Indeed,. By the end . UEFA will look at Milan's financial situation and if they are not satisfied that steps are being taken to eradicate the debt . Inter Milan Sponsorship Deals Deter Possible Suitors. Who is Lautaro Martinez? Not long after Inter Milan were crowned champions of the Serie A for the 19th time, reality hit them. Inter's numbers are among the most concerning, with the Nerazzurri's €310.8 million in revenues falling somewhat short of their operative costs, which total €443.9 million. PANDEMIC WORSENED ECONOMIC CONDITION With Suning Holdings Group acquiring Inter Milan in 2016, Steven Zhang became chairman in late October 2018. Inter has played a match less than Milan as it still has to play a postponed match against Bologna. That's where Inter Milan come in. Inter released a statement through Italian news agency ANSA confirming the cash injection designed to get the club through their current financial . Inter Milan are embroiled with financial difficulties with parent owner Suning Group heavily affected by the global covid-19 crisis. Inter's shortlist for a successor includes Simone Inzaghi . Inter Milan facing financial crisis just months after Newcastle-linked PIF's reported interest May 13, 2021 James Rutherford If Mike Ashley had got his way, Saudi Arabia's Public Investment Fund would own 80% of Newcastle United right now. This sale will generate what is a much-needed €275million loan for Inter, which will hopefully allay the financial worries for the Italian champions and their fans. Serie A SCU-DEBT-O Inter Milan stars 'will give up bonuses for winning Serie A to help financial crisis' with club £548m in debt Marc Mayo 12:01, 28 Apr 2021 INTER MILAN players are reportedly. Inter Milan are desperately looking for new investment to keep the financially stricken club afloat, according to reports - with the club said to be seeking a £142million cash injection. 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