shocking! $1 billion football team has no money to spend as $7.4 billion owner reaches ‘dead end’

Inter Milan is one of the best football teams in Europe. They endured some of their best years and achieved legendary status in football.In addition to winning major competitions, the club has some of the best players and managers.

Legendary coaches such as Ronaldo, Zanetti, Ibrahimovic, Cesar and Eto’o, Mourinho and Trapattoni have contributed to the creation of a rich history. The club has enjoyed considerable success after winning his 43+ titles, including 3 Champions Leagues, 19 league titles and 8 Italian Cups.

They achieved an unprecedented treble under Mourinho in 2010. This was his first triple crown in Italian history.

Italian football giant faces impasse

Even today, Inter are known among other football clubs as an elite club. Their most recent victory came after winning the Milan derby of the Italian Super Cup earlier this month. Ravenea Mata defeated his rival 3-0 and lifted the trophy in style.

There are still hopes for domestic success, but financially the club is in a terrible position. What’s more, the club now has no money to spend a single penny on a transfer.

As Inter’s independent news agency stated, club owners don’t have the money to invest in players. This is very worrying for fans, as hopes of winning the silverware have already naturally diminished.

dive deeper

It’s shocking to hear the news that the club’s owner, Chinese retailer Suning, has a net worth of over $7.4 billion. However, they are at a dead end with remittance funds.

club in financial trouble

It is terrifying for a club with such a rich history and such a broad fanbase to hear this kind of astonishing news. The club is already under financial strain and is heavily in debt.

Perhaps this is why the club is looking for cheaper alternatives on the transfer market.

Inter will face a major setback if they also fail to qualify for the Champions League this season. The Nerazzurri must raise $500 million over the next five years to avoid bankruptcy.

The club recently signed a $415 million bond to pay off previous debt, but it hasn’t been used much.

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It is sad to see a club with such a prosperous history struggling financially.