Inter in financial difficulties, president Zhang admits: The club is in danger

2024-05-18 15:54:00, Sport CNA

A few days after the celebration of the championship title, there is no peace at Inter. The black club is in danger due to financial difficulties.

President Steven Zhang, in a letter addressed to fans, said that "Oaktree" was a disappointment, while emphasizing that the stability of the club is at risk.

ZHANG'S LETTER:

Dear "Zikaltre" Family. This year, together, we have reached a historic, legendary moment in 116 years of history. We now proudly wear two stars on our chest, the symbol of all the commitment of the women and men of Inter. As we approach the end of this fantastic season, I want to respond to speculation about the financial stability of our club. The years 2020 and 2021 have been unforgettable for our generation, as the global pandemic has profoundly changed many aspects of us, as we have already invested over a billion in the club, we opened the line of credit with Oaktree, with the aim of continuing the winning project we started in the year 2016. Since then, my management and I have been committed to developing successes on the field, while at the same time maintaining rigorous financial discipline.

Our hard work has paid off. In the eight years under our management, together with our staff, players and coaches, we have won seven trophies, two European finals and twice topped the Serie A championship. The legendary second star is a testament to growth and success ours. Of course, all of our partners, including Oaktree, have benefited from such incredible achievements on and off the field.

As we approached the deadline for the financial relief chant with Oaktree, we made every effort to find an amicable solution with our partner, including providing multiple opportunities for Oaktree to receive a full financial return. and immediate. Unfortunately, our efforts so far have been hampered by legal threats and a lack of meaningful involvement from Oaktree. All this has been very frustrating and disappointing, but this behavior is now creating a dangerous situation for the club that could seriously jeopardize its stability.

On behalf of Inter and as President, I want to assure the hundreds of millions of fans around the world that we will do everything possible to protect our colors, our founding values ??and our stability. We are committed to working towards a peaceful resolution with Oaktree and continue our success story for our beloved Inter. Forza Inter! Signed "President Steven Zhang".