Inter President Erick Thohir is reportedly looking for a new business partner as the club's debts become troublesome.

The Indonesian tycoon purchased the Nerazzurri club two years ago, but his project to right the club's finances is encountering substantial difficulties.

Inter President Erick Thohir is reportedly looking for a new business partner as the club's debts become troublesome.

The Indonesian tycoon purchased the Nerazzurri club two years ago, but his project to right the club's finances is encountering substantial difficulties.

According to La Gazzetta dello Sport, Thohir's original operation to buy Inter meant that several of the club's assets were passed to banks, which resulted in a debt with them of €230m. Alongside Thohir's own loan of €108m, the €68m owed to the suppliers and the €11m owed to other football clubs, Inter's total debt comes to €417m.

This is problematic for the Biscione as their revenue is only of some €200m, and access to next year's Champions League bonuses is not at all guaranteed.

As a consequence, Thohir asked the banking firm Goldman Sachs to find a new business partner to purchase a minority of the club's shares and provide fresh liquidity.

The President will return to Europe with a view to looking for such a partner, and will certainly pass by London and Frankfurt to speak with banks, funds and investors.

Thohir is reportedly thinking of offering a number of decision-making and directorial privileges that are greater than what would normally be allowed for a minority share-holder, with a view to attracting a suitable investor.

Meetings with former President Massimo Moratti and Coach Roberto Mancini are also scheduled, as Thohir is disappointed with the decline in the team's performance and the new management's failure to find sponsors and sources of income.

Byandrea

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