The Inter Milan owner believes that both the Nerazzurri and Rossoneri have fallen off the pace compared to Europe's best, but he maintained words of support for his young coach.Inter owner and president Massimo Moratti has said that he no longer sees his club nor AC Milan as part of Europe's group of elite teams.
The oil tycoon has watched both sides begin their seasons with disappointing results and thinks these are signs that the two sides are no longer at that top-tier level on the continent.
"Inter and Milan do not have super teams any more," the 67-year-old said to reporters outside his office in Milan.
The Nerazzurri owner went on to lend support for his young coach, Andrea Stamaccioni, after the club's 2-0 loss to Siena over the weekend.
"(Sunday)'s match was bad. We had to win against Siena, but failed. Stramaccioni is competent, and we have a lot of good players. Unfortunately, we can no longer allow ourselves to spend 20 million euros on a champion player," Moratti said.
Inter currently sits in seventh place in Serie A, six points behind Juventus at the top of the table. Milan is in 15th after amassing just three points to date.