Inter Milan facing lawsuit over cancelled sleeve deal as club reveal €61 million sponsorship black hole
PA Images | A wrongful termination suit has been filed against the Inter Milan over their cancellation of a sleeve deal committed to in June due to alleged failure to meet payment deadlines.
Inter Milan's sponsorship revenue fell by €61 million in the 2019/20 season mainly because they failed to replace two Asian firms whose contracts either expired or were terminated the year prior.
A wrongful termination suit has been filed against the Italian club over their cancellation of a sleeve deal committed to in June due to a sponsor's "failure to comply with its contractual payment obligations".
On a positive note, business interruption insurance coverage has ensured losses resulting from the closure of stadiums were kept at an absolute minimum.
28 October 2020 - 2:16 PM
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