Suning invest nearly €500m in Inter

By Football Italia staff

Inter owners Suning Group have invested close to €500m in the club in the past two years, accounts reveal.

The Chinese conglomerate bought out majority shareholder Erick Thohir in 2016, with the Indonesian taking Massimo Moratti’s remaining 30 per cent.

Since then they’ve invested heavily, as Calcio e Finanza reveals in an analysis of the consolidated financial statements for 2017-18.

The accounts show that Suning have invested a total €474m between June 29 2016 and June 30 2018.

Immediately after taking over the club, the Chinese group put in a €142m capital increase, as well as a shareholder loan of €40m.

Another shareholder loan of €177m was injected in 2016-17, with a further €119m last season.

In total Suning have provided the club with €336m of loans, but €105m of that has been converted to equity and €4m has been paid back by the club.

Inter’s debt to the company which owns the club is therefore around €227m, with €11.2m paid in interest up to last April.

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