Inter Milan scores landmark €230m loan

The Indonesian-owned Italian football club has achieved its goal of securing a uniquely structured club loan to repay its debt and fund operations.

Inter Milan, the Italian football club majority owned by Indonesian business tycoon Erick Thohir, has secured a 230 million $313 million club loan mid-June in order to repay its existing debt and fund operations.

The club loan used to clear 180 million worth of outstanding debt was secured using Inter Milan’s underlying assets such as media rights and sponsorship contracts, a source familiar with the matter said.

Being the first loan involving a European sports team backed by media rights, the source added that this type of structure is popularly used by sports organisations in the US.

In order to effectively structure the...

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