Inter Milan Approaching Financial Milestone – Debt Plummeting & Approaching Zero
This is highlighted in today's print edition of Rome-based newspaper Corriere dello Sport, via FCInter1908.
It is hardly a secret that Inter Milan have suffered some major financial difficulties in recent years.
In the financial year ending in 2021, the Nerazzurri suffered operating losses of €216 million.
Therefore, during that period, Inter took on significant debt. The major loan that previous owners Suning took on from Oaktree Capital was representative of this. As we the club's debt bond.
Inter Milan Debt Plummets & Approaches Zero
UDINE, ITALY – SEPTEMBER 18: Giuseppe Marotta, CEO for sport at FC Internazionale looks on prior to the Serie A match between Udinese Calcio and FC Internazionale at Dacia Arena on September 18, 2022 in Udine, Italy. (Photo by)
Last spring, Oaktree took over Inter from Suning after the previous owners defaulted on their loan.
And the North American fund have taken steps to lower the debt.
The Corriere dello Sport note how Oaktree have refinanced Inter's debt bond.
Therefore, the bond has gone down from €415 million to €350 million. Oaktree have injected some cash, and also taken advantage of more favourable interest rates.
In terms of Inter's Net Finance Position, the Corriere dello Sport notes, the club are now getting close to being debt-free.
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