Cardinale speaks of Inter bankruptcy. It’s not true, otherwise she wouldn’t have been the only one

Storm in Milan. because Marotta – rightly – responds to Cardinale. After the words of the other day which attacked the management, so to speak, as reckless from a financial point of view. “Winning championships is obviously an important goal. But you have to balance that with ‘winning smart. Inter won the scudetto and then went bankrupt, is this really what we want?“. Having said that the average fan doesn’t care if Suning (and not Inter) goes bankrupt, on the other hand there is a Milan team that after Berlusconi has practically experienced the same thing. Sold to Yonghong Li – who doesn’t he still understands why Christmas Panettone emerged – taken by Elliott in the same way as Oaktree, then taken over by Cardinale with a bond (exactly what Suning did) which will now expire in 2028.

Regardless of how terribly similar it seems, one thing needs to be said. Suning had a turnover of several billion euros. Then came a pandemic that destroyed retail stores (especially in China) and effectively went from being a powerhouse to risking a solvency crisis. Indeed, without risking it, to have it. If there hadn’t been the bond signed with Oaktree, Inter would really have risked bankruptcy. But then it didn’t go that way, with the same financial instruments (moreover) that Cardinale used to buy Milan.

So, if it is true that Inter has sensational debts that have never been repaid (while Elliott did so with Milan), on the other hand bankruptcy is when the referee blows the whistle. The Nerazzurri’s management will have a clear evolution – that is, sooner or later someone will have to pay it off – but as long as the laws allow it and there is cash flow, no one will be declared bankrupt. Otherwise our big teams (Roma, Milan, Juventus and Inter) without an economic investment from the owner would all be in liquidation.