Inter bidding for Champions League glory but off-field problems persist
The HinduInter Milan is one match away from becoming European champions for the fourth time after an unlikely run to Istanbul but its financial troubles provide a stark contrast to mega-rich opponents Manchester City. A resurgent club on the pitch, Inter exemplify the issues affecting Europe’s grand old clubs as a huge debt threatens a club which won Serie A two years ago and could yet win the Champions League. Looming over Inter is repayment of a 275 million euro emergency loan, taken out with investment fund Oaktree Capital, with a reported interest rate of 10 percent, by Chinese owners Suning two years ago. Restrictions on capital being taken out of China and the Covid-19 pandemic were a painful double whammy to Inter and led to the club quickly flogging two stars of the 2021 league title win -- Romelu Lukaku and Achraf Hakimi -- for big money and losing coach Antonio Conte.