Antonio Conte has stepped down as coach of Inter Milan, the new winners of the Italian Serie A league. After 11 years under him, Inter showed the achievement of winning the league title in Serie A. Italian club sources have confirmed the news of Conte’s departure. The former Chelsea and Juventus coach joined Inter in May 2019 on a three-year deal worth 12 million euros.
A statement from the Chinese-owned club said: “Antonio Conte has decided to cancel his contract with Inter on the basis of mutual agreement with the club. Antonio is to be thanked for the tremendous work he has done to give Inter the title in the 19th Serie A title. Kant’s name will be written in the history of the club forever.
The owner of the club, Suning Group, has not been able to cope with the 71-year-old Kant’s plans to meet the challenges of moving the club forward at home and elsewhere in Europe. Inter suffered an estimated 100 million euros in financial losses last season due to the Corona epidemic. Suning Group shut down Chinese club Jiangsu FC in February after winning the Chinese Super League title.
Five years ago, Inter took about 275 million euros over three years from the US-based company Oktree, according to various reports. That’s why Sunning wanted to save as much money as possible on the purchase of new players and the salaries of existing players. At the same time, Inter aimed to sell players in the transfer market at the highest possible price. But Conte thinks the owner’s plan is incomplete.
Conte believes the plan will not work at all if it is to sustain itself at the highest level in Europe. Conte’s departure was largely confirmed after he lost to Sevilla in the Europa League final last summer and finished second behind Juventus. Conte reacted strongly to the club’s failure to allocate money ahead of this year’s Champions League. Inter Milan have been out of the group stage for the last three seasons.