Home

Soccer

Cristiano Ronaldo’s Al Nassr’s $20M Saves Inter Milan From Bankruptcy With Marcelo Brozovic Transfer

Published 12/28/2023, 8:16 AM EST

Follow Us

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

ADVERTISEMENT

Article continues below this ad

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.

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.

Trending

Get instantly notified of the hottest Soccer stories via Google! Click on Follow Us and Tap the Blue Star.

Follow Us

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

ADVERTISEMENT

Article continues below this ad

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.

’It Happens Because It’s Cristiano Ronaldo”- Otavio Reveals Al Nassr’s Secret Weapon of Exposing Opponents

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.

ADVERTISEMENT

Article continues below this ad

WATCH THIS STORY: Meet the Legendary Tennis Player Who is 3x Richer than Cristiano Ronaldo

What are your thoughts on this? Let us know in the comments.

SHARE THIS ARTICLE :

Written by:

Saransh Chauhan

1,190Articles

One take at a time

My name is Saransh Chauhan and I am an experienced soccer writer at EssentiallySports. With over a year of experience at EssentiallySports, I have covered various aspects of the magnificent sport. While I strive to provide comprehensive coverage of core sports topics, I also explore off-court and entertainment subjects.
Show More>

Edited by:

Sreeda U M