Nearly Bankrupt Inter Milan Face Serie A Ban If They Join European Super League For Financial Gains

Italian club Inter Milan is on the wrong side of history right now. The club is facing a severe financial crisis. The transfer fees of former players, Marcelo Brozovic and Andre Onana are keeping them afloat. Milan could escape the imminent bankruptcy if they joined the European Super League. American financial services company JP Morgan had reportedly promised to pay more than $200 million to each club as a bonus for participating in the ESL. Though Inter Milan has already mulled an ESL move, they now risk a Serie A ban, as the Italian Football Federation readies to nip Serie A clubs’ ESL plans in the bud.

Inter Milan, alongside Serie A giants, Juventus and AC Milan, have considered switching to the European Super League in 2021. However, Federazione Italiana Giulco Calcio (FIGC), the governing body of soccer in Italy, won’t let these clubs feature in ESL without any cost.

Inter Milan will have to fight bankruptcy as ESL aspirations face enormous blow

According to renowned journalist Fabrizio Romano, the Italian Federation FIGC decided to approve a clause to prohibit access to the Super League to Italian clubs. The Federation will allow Italian clubs to only feature in competitions organized by the FIFA, UEFA, and the FIGC. Furthermore, the FIGC will make sure that any club that joins the European Super League will be banned from participating in the Serie A for the 2024-25 season. The Italian Federation’s ruling is no surprise.

Just like the Serie A clubs, Premier League clubs also risk being banned if they were to feature in the European Super League. The British Government has vowed to thwart PL clubs’ move to ESL, using the Football Governance Bill. Coming back to Italy, it is good news for regional fans that the Italian Federation is keeping a check on Serie A clubs. The FIGC, however, is adding insult to the nearly bankrupt Inter Milan’s injury.

Milan’s financial crisis worsens

Word about Inter Milan’s severe financial crisis got out after they underpaid some board members. Their corporate CEO, Alessandro Antonello, and the CEO of the sports area, Giuseppe Marotta, saw a compensation drop. At the heart of the conundrum is the club’s Chinese owner, Suning Group’s financial crisis. Suning Group owns 70% of the Milan-based outfit.

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Milan currently has a debt of a staggering $898 million. Apparently, the club survived this season due to the transfers of Marcelo Brozovic and Andre Onana. Brozovic move to Al Nassr on a $20 million deal. Whereas, Onana joined Manchester United for $57 million. Now that the club’s ESL plans are nipped in the bud, an ownership change seems the only way out for the legendary Italian side.

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