Antonio Conte and Inter de Milan they parted ways days after winning the club’s first Serie A title in nine years. Following talks on Wednesday, the 51-year-old Italian coach decided to leave the club after a clash of opinions about the future plans of the squad with the Chinese owners.
Inter Milan is also one of many clubs facing a financial crisis due to the impact of COVID-19. The club had plans to cut costs and wanted to sell several players for 80 million euros this summer. Conte reportedly had a different take on this situation as he wanted reinforcements to help Inter defend the Serie A title and progress through the knockout rounds of the Champions League.
Conte had one year left on his contract. The Italian champions had reportedly agreed to a severance package of € 7 million to terminate their contract. Conte is likely to be in high demand as there are many major clubs in Europe for a new coach / head coach.
The Nerazzurri recorded a loss of € 100 million due to last season’s pandemic. The club secured a financial contribution of 275 million euros from the American investment firm Oak, but they have yet to balance the books by sanctioning low-player sales in the summer. While celebrating their Serie A title win, the Italian club has been struggling financially in the last 12 months. It will be interesting to see if there is an exodus of players after Conte’s departure.
Simone Inzaghi and Massimiliano Allegri are reportedly the pioneers to replace Conte in Inter de Milan. The Italian champions are preparing for a difficult summer as the key players could leave and it will be difficult to find suitable replacements for them.
Meanwhile, Antonio Conte is reportedly not looking to take a break from soccer. The Italian coach has been a series winner at different clubs that he has coached over the years. He had successful seasons with Juventus, the Italian National Team and Chelsea.
Conte won the Serie A three times and the Italian Super Cup twice with Juventus. During his two years at Chelsea, he helped the club win the Premier League and FA Cup. In 2019 he signed for Inter Milan and helped them win Serie A this year.