Inter's Financial Situation

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Fascinating....either Inter is in deep do do or it isn't. Sounds like typical economic forecasts round-table stuff on PBS stations on Sunday mornings in the US. Least I'm learning how complex the football business is. Keep up the good work guys.
 
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.h.

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We're in a challenging situation atm - short term is fine, we have the liquidity to weather the storm. Desperately need stadia to open back up so we can get the 60m+ a season of matchday revenue flowing properly again.

Mid-term the debt is clearly a challenge, and I dont really want to see us end up in a situation of revolving debt financing.


We either need new ownership, or the ability for Suning to really properly invest in the club, and then we'll be in a decent position. One of the critical things for us as a club is some level of stability in players - e.g. keeping people like Barella, Bastoni, Gosens, Scamacca, Frattesi, etc, on the books for a few seasons. The reduction in amortisation costs gives us a lot more financial freedom.
 

CafeCordoba

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But who is this investor who buys the club and then absorbs the 400m€ debt and then try to make the club self-sustainable?

I feel @.h. and @brehme1989 are talking about the same thing. This self-sustainability BS is not possible with success (titles, trophies) as a realistic target. No investor is going to buy this club with this debt level. Debt which is not a controllable debt, meaning it's not getting smaller (it's getting bigger actually). When we took this 375m€ debt, in 2017? Now, in 2022 we had to take 415m€. And we gonna pay more annually to have this debt.
 

Capo

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Broadcast does not depend on us. Serie A has a shitty TV deal until 2024 or something. We need the league as a whole to improve. But I would agree that new infrastructure would help in that, so we also need Roma, Lazio, Napoli, Fiorentina and maybe ambitious clubs in the south (Palermo, Bari, Reggina, Lecce etc) to improve their own stadiums if we want this to have a spiraling effect to our broadcast deal.


So yeah, while in theory you're on the right track, this is Inter, it's Italy, it's Serie A and some of it just doesn't translate that well

This, Serie A really need a rethink!! Stronger competition for the whole is better than 1/2 strong teams. If we have both Milan Teams, Juve, Roma, Lazio, Napoli and Fiorentina regularly doing well the TV deal should quite easily be increased.

This mean foreign investment, less red tape and for the Italian government to please with a cherry on fukin allow clubs to build their own infrastructure. I would love to see the inner workings of the bundesliga they're clubs seem operationally sounds.
We're in a challenging situation atm - short term is fine, we have the liquidity to weather the storm. Desperately need stadia to open back up so we can get the 60m+ a season of matchday revenue flowing properly again.

https://sempreinter.com/2022/01/31/...e-end-of-2022-23-season-italian-media-detail/ - This is only letting us live another day, but like james bond all good things come to an end. RIP Daniel Craig.

Either sell, or we sell everything
 

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How will we even finance a new stadium? With our shitty finances. Are there going to be new loans? On top of these we already have.

Sounds we are going to be in a new banter era when we are building a new arena.
 

.h.

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That article doesn't really mean that much tbh. It's a reflection of our current operating position I suspect. Once stadia reopens to max capacity things should get much better. I haven't yet done a breakdown of cash vs non cash losses in our latest financial results. At least some of the money is write offs from sponsors that we didn't actually get paid.
 

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This, Serie A really need a rethink!! Stronger competition for the whole is better than 1/2 strong teams. If we have both Milan Teams, Juve, Roma, Lazio, Napoli and Fiorentina regularly doing well the TV deal should quite easily be increased.

This mean foreign investment, less red tape and for the Italian government to please with a cherry on fukin allow clubs to build their own infrastructure. I would love to see the inner workings of the bundesliga they're clubs seem operationally sounds.


https://sempreinter.com/2022/01/31/...e-end-of-2022-23-season-italian-media-detail/ - This is only letting us live another day, but like james bond all good things come to an end. RIP Daniel Craig.

Either sell, or we sell everything
Bundesliga is less of a business and more of a sport. Only Bayern managed to outgrow everything else and it's detrimental to the overall competitiveness.
Bayern pretty much became the dominant force in the 80s, until then, not so much apart from that surge in the mid 70s after Ajax which was more like a birth than a dynasty.
Apart from Bayern, everything else is cyclical in Germany. Dortmund emerged in the 90s and slowly returned in the 2010s, Schalke is gone, Hamburg is gone, Werder is gone, Stuttgart is irrelevant, as is Gladbach, with Frankfurt and Koln also being irrelevant. They have a lot of great rivalries over there but not enough at high level, at least not anymore since most of their derbies take place in the 2nd division this year!

Their infrastructure level is superb first of all because Germany has the most efficient government and system. They hosted the 2006 World Cup and will host the 2024 Euro.

Italy on the other hand last hosted the World Cup back in 1990, they built a useless stadium in Bari, the Delle Alpi was a disaster, they made inefficient changes to the Meazza by adding the third tier that ruins the grass due to the lack of sunlight, the Napoli stadium didn't look that much better so they fixed it again a couple of years ago, same story with the Firenze stadium, the Verona stadium is in need of heavy renovation, the Friuli had to be renovated and is now finally a decent stadium, the Genova stadium looked better before the renovation, the Palermo renovation was disastrous, not only from an infrastructure perspective, the Bologna stadium wasn't even touched and the Cagliari stadium had more faceovers than a Beverly Hills botox lady.
The only stadium that probably benefited from the World Cup is the Olimpico but both Roman clubs want to build their own.

When you consider that the only newly built stadium for the 1990 World Cup is now demolished... you can imagine how bad things are!

In Germany the only stadium that has been touched since then is the Stuttgart one. And that was 5 years after the World Cup, completely unrelated to any Germany 2024 bids!

It's not just the Germany vs Italy factor, we're talking about late 80 and early 90s football vs multi-televised 2000s football and multipurpose stadiums.
France also hosted a tournament in the 90s, making all the plans before the internationalization of the sport (Bosman ruling etc) and then hosted the 2016 Euro.

They had to build new stadiums or renovate them again. I think Italy would definitely had to renovate or build new stadiums if they hosted a tournament just 14-20 years after the World Cup.
England for example wants to host the World Cup, they've already renovated the Wembley since then, they built the Olympic stadium for 2012 and their clubs have been increasing the capacity of their existing stadiums, so realistically they do not really need to build or renovate any stadium. They're ready for a World Cup or Euro. Germany reached that level in the mid 2000s. France reached that level in the last 7-8 years.

Spain is not there.
Italy is not there.
These days, not even Portugal who hosted in 2004 are there and actually most of the world isn't there yet. But the issue is that since England, Germany and France are there, Italy has to get there as well. The only organic change was the English, all others were triggered by a big tournament coming their way.
Germany allegedly paid off some FIFA related officials to abstain from voting as South Africa would have gotten it instead and generally the idea of Germany and England doing everything fair while the French, Italians and Spanish are corrupt is naive propaganda :D


Spain tried to host the 2018 World Cup, along with Portugal.
Spain also bid for the 2004 Euro.

England tried to host the 2006 World, the 2018 World Cup and considers bidding for the 2030 World Cup (along with the rest of the UK & Ireland which is going to make qualification insanely difficult for everyone else)


Italy has not bid for a World Cup since 1990!
Best case scenario they bid for 2038, which is 16 years away!

Italy attempted to host the 2012 and 2016 Euros.

Remarkably, only 4 new stadiums were proposed during the two bids that Italy could have won. Napoli, Palermo, Fiorentina and Cagliari. The Meazza was considered just fine, as was the Olimpico. And Juventus' new stadium was considered but it was already supposed to be built.
They wanted to renovate the Bari, Cesena, Parma and Verona stadiums. By 2016, Napoli was ruled out of a new stadium, so renovations were considered instead.

So you can imagine that even hosting a big tournament cannot save Italy from the big red tape!
 

nadzington

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We have been talking about new stadiums in Italy since 2006 to make the league competitive, nothing has happened in like 16 years. I dont expect much to happen. I dont even believe our stadium will be built in like 10-15 years.
 

sdvroot

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But who is this investor who buys the club and then absorbs the 400m€ debt and then try to make the club self-sustainable?

I feel @.h. and @brehme1989 are talking about the same thing. This self-sustainability BS is not possible with success (titles, trophies) as a realistic target. No investor is going to buy this club with this debt level. Debt which is not a controllable debt, meaning it's not getting smaller (it's getting bigger actually). When we took this 375m€ debt, in 2017? Now, in 2022 we had to take 415m€. And we gonna pay more annually to have this debt.
Thohir buy it for €250 million
According to this https://www.serpentsofmadonnina.com...er-milan-financial-statements-come-under-fire
Thohir left club with debt €637.56 million o_O and Zhang buy it for 270 million euros. And now Zhang should to have club for 637+270=907 to get to zero )
 

kurt0411

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The saddest thing of all this is the bottom club in the Premier League has more money to spend than us. Soon enough they’re gonna have a better team than us 😩
 

.h.

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Fortunately until the Premiership has 20 CL spots, we will always have more allure than Newcastle/etc. Newcastle to the CL will be a 3 year plan minimum imho and realistically 5+
 

sdvroot

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How will we even finance a new stadium? With our shitty finances. Are there going to be new loans? On top of these we already have.

Sounds we are going to be in a new banter era when we are building a new arena.
at the bank of course
will cost over €500 million in total, 500/2= 250, new stadium should bring Inter 80 million, additionaly + 36 million per year, 250/36= 6.94 it will start to make a profit in 7 years, not a bad option.
 

sdvroot

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The saddest thing of all this is the bottom club in the Premier League has more money to spend than us. Soon enough they’re gonna have a better team than us 😩
They will not, the factor of playing at the highest level remains(CL), the climate in the country, the national adaptation of players, players from Latin America are easier to adapt in Italy and Spain than in the same England and the climate is good, also Italian players do not go willingly to other championships, and the Italian soccer school is the best on the planet.
Even bigger salaries in the EPL has a negative factor, they then can not sell players who have not played in another championship and they start to boil in the same cauldron.
 

nadzington

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I Highly doubt the stadium will only cost 500 million. Emirates stadium, arsenals Homeground costed 750 and that was like 15 years ago.
 

Harpsabu

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I think it's 500m for each club. 500m between them, yeah I'd be very very surprised at that.
 

sdvroot

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I think it's 500m for each club. 500m between them, yeah I'd be very very surprised at that.
Quite possibly, that is, it will take 15 years to pay it off. You'd have to get different sponsors to pay it off faster, which means less profit.
 
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