Inter's Financial Situation

CafeCordoba

Moderator
Moderator
Joined
Mar 7, 2004
Messages
32,077
Likes
8,427
Favorite Player
Bar, Skr, Bas
10 years of FIF
Difference is of course you won't get financing with the same terms if you use that 400m on players and not on the stadium. No one is paying that with cash.
 

brehme1989

La Grande Inter
La Grande Inter
Joined
Jan 17, 2005
Messages
30,424
Likes
10,255
10 years of FIF
Nostradamus
Think your severely overestimating the amount of events that need a 20k+ stadium..... Or for whom it makes sense to rent a 60k stadium..
Torino s a bad proxy? How bout London? The spurs in their brand new stadium will host 2 nfl games and 2 rugby games during the football season..
3 of those are during the WC break...
Lets now look at munich same picture there the Alianz arena will hold 4 non footballing events 3 nfl games and a guns and roses concert all held during WC break...

There simply are not that many events/acts that need a 40-60k stadium or for whom it makes sense financially to rent such huge venue....Plus the alianz arena and the new spurs stadium not really neing rented out during the season should tell you that there is not that much money in there.
As in our revenue hit cause we have to split revenue with bbilan for non footballing events is gonna be a lot smaller than the savings we get from sharing the cost of building and running the stadium.
Don't disagree that the market is not very strong there but it's not just about the 20+ stadium, it's about the capability of the stadium to host different events.


Even if we both end up as the owners of the new stadium, it'd be better from this viewpoint and we'll see a small surge.
 

.h.

Part time Lazarus
La Grande Inter
Joined
Jun 8, 2005
Messages
26,839
Likes
4,111
Favorite Player
Inter1-0Wanda
Old username
browha
Forum Supporter
10 years of FIF
Well - true, to an extent. It depends if the owner is personally guaranteeing it or not. If its like a super rich sovereign wealth fund (for example), then the terms wont matter, if its a loan that Inter outright takes on then yes absolutely
 

CafeCordoba

Moderator
Moderator
Joined
Mar 7, 2004
Messages
32,077
Likes
8,427
Favorite Player
Bar, Skr, Bas
10 years of FIF
Well - true, to an extent. It depends if the owner is personally guaranteeing it or not. If its like a super rich sovereign wealth fund (for example), then the terms wont matter, if its a loan that Inter outright takes on then yes absolutely
We aren't getting bought by super rich sovereign wealth fund.

It will be a business first thing, the stadium project. And wasn't the cost of the project rumored to be 1.2bn, not 800m?
 

DARi0

Allenatore
Allenatore
Joined
Mar 20, 2007
Messages
9,664
Likes
3,153
Favorite Player
Hakimi
10 years of FIF
INTER SET TO ANNOUNCE NEW PARTNERSHIP WITH EBAY
Inter are expected to announce a new commercial partnership with eBay after the logo of the e-commerce giants was seen during the win over Salernitana.

eBay have already been working with the Nerazzurri for some time, advertising on the sidelines of Inter Women’s matches, and now they’re seemingly ready to take this to the next level. Inter are still working to find a new main shirt sponsor, ready to replace DigitalBits due to a lack of payments.

As highlighted by FcInterNews, the eBay logo was spotted on the ad boards of the Stadio Giuseppe Meazza during Inter’s win over Salernitana, a first for the sponsor during a men’s game.

The new partnership between the two is expected to be announced at some point soon, which will likely clarify the details behind the agreement.

eBay won’t be the first e-commerce outlet seen in Serie A, with Amazon being Napoli’s shirt sleeve sponsor.
Still no news about the shirt main sponsor, right?
 

Il Drago

Moderator
Moderator
Joined
Dec 21, 2015
Messages
17,532
Likes
22,241
Favorite Player
Wesley Sneijder
Best Football Poster
Ebay sponsorship is expected to worth 1.5m according to Gazzetta
 
  • Like
Reactions: MVD

Pimpin

I'm better than Icardi
La Grande Inter
Joined
Jul 13, 2011
Messages
16,618
Likes
609
Favorite Player
22IcardiBroHand
Old username
DomesticatedPimp
10 years of FIF

Chinese owner seeks buyer for Inter Milan​





Bankers will begin the search this week for a buyer for Inter Milan, making it the latest top-tier football club to be put up for sale, according to people familiar with the matter.
US boutique bank Raine Group, which handled the record-breaking £2.5bn auction of Chelsea this year, and Goldman Sachs were working on the sale process, the people said.
Inter has been owned since 2016 by Nanjing-based electronics retailer Suning, which acquired the club during a wave of investment from China in European football.
A number of Chinese owners have since sold out or reduced their exposure, as gathering economic troubles at home and waning political backing for the project prompted a rethink.
Suning, one of China’s largest bricks-and-mortar retailers, has struggled as consumers made the switch to online shopping. The company’s large short-term debt pile also left it exposed to a tightening of credit conditions in the Chinese economy.
In February last year, Suning rushed to raise new financing to plug the funding gap at Inter caused by the coronavirus pandemic, resulting in a $275mn loan from distressed debt specialist Oaktree Capital.
Then in July, Suning itself was rescued by the local government and shareholder Alibaba in a $1.4bn bailout, adding to speculation about the long-term likelihood of keeping ownership of Inter. In January this year, Inter returned to the bond market.
Last month, Inter’s board signed off on the club’s latest set of accounts, which showed revenue increasing to €440mn and a loss of €140mn for the 2021-22 financial year.
The club said that the majority shareholder “had formally expressed his commitment to backing the group by ensuring asset support”.
Inter is led by president Steven Zhang, the son of Zhang Jindong, Suning’s founder, who paid €270mn for a majority stake in the “Nerazzurri” in 2016.
Suning is ready to inject capital of €100mn this year in tranches, according to a person close to the club. The person pointed to previous guidance that Suning is open to new partners and would consider the sale of a minority stake.
The banks and Inter Milan declined to comment.
Italian football has become a popular destination for international investors. Roma, Atalanta, Fiorentina and Genoa are among several clubs now controlled by American owners. This year, US investment group RedBird Capital bought Inter’s local rivals AC Milan in a deal worth €1.2bn, a record for a European football club outside the English Premier League.
But Italian football presents a number of challenges for investors compared with other European leagues.
Serie A has the second-lowest broadcast revenues of the so-called “Big Five” leagues, with Italian football’s international rights fetching about €230mn a year, according to Enders Analysis, far below Spain’s figure of €900mn.
Many Italian clubs are also sorely in need of stadium upgrades or replacements. Inter shares its home with AC Milan — the San Siro. Plans have been drawn up for a new 65,000-seat stadium, which is expected to cost about €1.3bn and is likely to take many years to complete. The shared stadium model has a drawback for potential investors as hosting double the number of games makes it far harder to generate revenue from other events.
 

CafeCordoba

Moderator
Moderator
Joined
Mar 7, 2004
Messages
32,077
Likes
8,427
Favorite Player
Bar, Skr, Bas
10 years of FIF
Let's discuss ownership change stuff in Suning thread. Thanks!
 

ElDuccio

La Grande Inter
La Grande Inter
Joined
Mar 10, 2013
Messages
10,865
Likes
1,660
Favorite Player
Il Fenomeno
ebay sponsorship sounds almost like a joke... imagine inter playing with ebay on the shirt while zhang is still trying to sell the club
 
  • Like
Reactions: MVD

Pimpin

I'm better than Icardi
La Grande Inter
Joined
Jul 13, 2011
Messages
16,618
Likes
609
Favorite Player
22IcardiBroHand
Old username
DomesticatedPimp
10 years of FIF
Let's discuss ownership change stuff in Suning thread. Thanks!
article gives a great run-down of our finances and how we got here, there's overlap between our finances and selling, half the posts here are about suning selling us
 
A

Arma Letale

Guest
Can someone please help me how to delete my account on FIF?

I've sent several messages to the admins throug the 'Contact us' option but I get no response.
 

CafeCordoba

Moderator
Moderator
Joined
Mar 7, 2004
Messages
32,077
Likes
8,427
Favorite Player
Bar, Skr, Bas
10 years of FIF
We don't delete accounts.
 
Top