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Suning Splashes The Cash On Contract Renewals

Inter have announced contract renewals for six players, including Marcelo Brozovic, Matias Vecino, Antonio Candreva and Joao Miranda.

The Nerazzurri released the brief statement with all their big names included.

Brozovic and Vecino have signed new contracts to June 2022, while Candreva runs to June 2021.Henrique Dalbert and Roberto Gagliardini are tied to the club until June 2023 while defender Joao Miranda has also signed a new deal to June 2020.

According to news reports some of these contract renewals were signed as far back as four months ago, which where therefore accounted for within last year’s (end of financial year at 30 June 2018) financial statements.

Handing these one-year extensions has served to allow the club to decrease its rate of depreciation and therefore, to increase the bottom line on its balance sheet, despite now having to contend with a higher wage-bill as a result.

In Marcelo Brozovic’s case, Inter increased the player’s release clause, which only applies to clubs outside of Italy, to €60 million.

The €60 million release clause cannot be triggered in the January transfer window and in summer, will expire on 15th July, as will that pertaining to captain Mauro Icardi.

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