Inter Milan coach Antonio Conte left the newly-crowned Serie A champion by “mutual consent” on Wednesday, just weeks after leading the club to their first league title in more than a decade.
The former Chelsea manager was reportedly unhappy about the club’s decision to sell players in this coming transfer window because of financial constraints.
“Inter can confirm that an agreement has been reached with Antonio Conte for the termination of his contract by mutual consent,” the club said in a statement.
“The club would like to thank Antonio for the extraordinary work that he has done, culminating in Inter’s 19th top-flight title. Antonio Conte will forever remain a part of our club’s history.”
Inter’s finances were hit badly by the coronavirus pandemic, as well as the club’s early elimination from European football, and the club was forced to take out a vast loan from Oaktree Capital recently in a financing deal with the American investment fund.
Inter’s owner Suning and president Steven Zhang reportedly wanted to slash the wage bill by 20% and make a profit of around 100 million euros (122 million dollars) in the transfer market, likely by selling at least one of the club’s most important players.
Inter won its first Serie A title in 11 years this month, in Conte’s second season in charge. The 51-year-old Conte had another season remaining on his contract.