Cristiano Ronaldo’s Al Nassr’s $20M Saves Inter Milan From Bankruptcy With Marcelo Brozovic Transfer
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Inter Milan has recently found itself on the brink of bankruptcy. The Italian club’s future is hanging by a thread with their sole lifeline currently being the funds generated from the transfer deal involving Marcelo Brozovic and his signing with Saudi Club Al Nassr.
In July of this year, Cristiano Ronaldo‘s Al Nassr completed the signing of the Croatian midfielder. The Saudi club, known for its deep pockets, paid an astounding $20 million to secure the services of Brozovic, who is now being dubbed as the best midfielder in the league. This move, however, also proved to be crucial for Inter Milan’s financial stability.
Inter Milan is on the brink of bankruptcy
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Recent reports from ilGiornale have shed light on the severity of Inter Milan’s financial crisis. The Italian club is reportedly on the verge of bankruptcy and the only reason the Italian side managed to stay afloat during the 2023-24 season is due to the money they received from the deals involving Brozovic and Andre Onana.
🚨🚨| Inter Milan are on the brink of bankruptcy, only the sale of Brozovic and Onana allowed business continuity in 2023-24.
[@ilgiornale] pic.twitter.com/fZEKnu78xw
— CentreGoals. (@centregoals) December 28, 2023
At around the same time as Brozovic’s transfer, the Nerazzurri also sold the highly sought-after Cameroon goalkeeper to Manchester United for a staggering $57.3 million. These two significant sales have helped Inter Milan navigate through a tough financial period, but the future looks bleak without an alternative solution.
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While these transfers brought a temporary, it is clear that the club needs to find a long-term solution to its financial woes. While on the one hand, Inter Milan is leading the Seria A points table on the other the club’s very existence as a soccer club could soon be under severe threat. So what has gone wrong with the Inter management?
Debts and decline in revenue posing problems for the Italian giants
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Inter Milan is currently facing an enormous debt burden of approximately $898 million, which is a significant challenge. To address these financial difficulties, the 3x Champions League winners implemented cost-cutting measures amounting to 11.8%. Furthermore, the soccer club opted to pay their 10 board members a reduced annual compensation compared to the previous year’s figure of $2.6 million.
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Despite all these steps, Inter Milan still experienced a decline in revenue by negative 3.2%. Moreover, the Inter group reported a negative net worth of 161.9 million in June 2023. All this indicates the severity of the club’s predicament.
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Edited by:
Sreeda U M