Italian football finance expert Marco Belinazzo says Inter Milan “solved the balance sheet problem” under Oaktree Capital.
The IL Sole 24 Ore journalist spoke to Tele Lombardia via FCINTER1908. He claimed that Nerazzurri “already covers 90% of their losses.”
It is no secret that Inter has faced some major financial issues in recent years.
These occurred particularly at the start of the Covid-19 pandemic.
It did not escape the financial pressure brought on European football clubs by revenue shortages caused by pandemic-related disruptions.
However, Inter was particularly struggling. Among other factors was the fact that the parent company of Chinese retail giant Suning Inter owners was facing a disastrous financial situation in itself.
Therefore, Inter has had a large operating loss since 2020. The story of what happened next is now well known.
Suning received a massive loan from North American fund Oaktree Capital in the spring of 2021. This has helped to stabilize the club situation.
However, on that loan, we saw Suning put the stock into the stock as collateral.
The former owner attempted to refinance the debt with Oaktree. But it failed.
Therefore, Inter Milan’s domination came into the hands of Oaktree Capital last May.
Belinazzo: “Intermilan solved the balance sheet issue.”
Inter’s financial situation continues to be a subject of some confusion and misunderstanding.
But Italian football finance expert Belinazzo said, “At this point, Inter is the club that solved the financial problems that most were dealing with.”
“It’s particularly relevant after the community pandemic and their Chinese ownership exit.”
“Today,” explained Belinazzo. “They have solid ownership and not short-term projects.”
“They have a balance sheet with record revenues of 470 million euros since 2024,” he said.
“And the losses have dropped to 36 million euros.”
Verinazzo said Inter “still has a very high debt situation.”
“That includes €30-400,000 per year of interest, and that still needs to be resolved.”
“But otherwise, they’re a club that has emerged very well since the pandemic.”
“Clubs like Inter and Juve, who have begun large investment plans, are facing serious challenges at that stage.”
“And they had to accelerate their recovery plans by facing a deficit of hundreds of millions of euros.”
“But they managed to do that,” he said.
“90% of the losses already covered – there’s no problem registering with Serie A.”
Meanwhile, Belinazzo has scraped down rumors that Inter could struggle to sign up for Serie A due to financial issues and collapse of league regulations.
“In my opinion there’s nothing to suggest that it’s true,” he said.
“Inter had a series of financial problems,” he pointed out. “Moreso than other clubs.”
“They used the same laws available to all to cover their losses (urgent rules change during a pandemic-related financial crisis).”
“And 90% of them are already covered,” explained Belinazzo.
“Then this put them in a position where they could easily register in the league, and they are not clubs that are on the brink of liquidation.”
“Then, when I ask if there should be more strict rules, I absolutely believe that,” Belinazzo insisted.
“But when you look at Inter’s assets and liabilities, wage invoices and registration parameters, they respected them,” he revealed.
“And that’s the same in Europe. Intel respects that under the settlement agreement it signed in 2022.”
“The new UEFA Golden Rules require players to spend less than 70% of their revenue on wages, transfer fees and agent fees,” explained Belinazzo.
“Intel will respect that by 2024. It’s about 60% of their costs.”
“There’s always room for improvement,” the football finance expert added. “But it seems tough for me to talk about a club that is on the verge of being unable to sign up for the league, even if it’s a liquidation crisis.”
