Inter Milan facing lawsuit over cancelled sleeve deal as club reveal €61 million sponsorship black hole
28 October 2020
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.
Inter Milan's commercial operations have been left in perils following a season in which the Italian club failed to replace two major contracts, were sued over an alleged wrongful termination of an agreement, and cancelled two other sponsorships due to missed payment deadlines.
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