Inter's Financial Situation

[Bluenine]

Suning is kind of the derivative answer rather than the direct one. The scale of our debt is the issue, if all that debt was wiped we'd be in a different situation, but with FFP and our settlement agreements it's not entirely clear IMHO how a new owner wipes that debt. This is why I keep stressing the importance of opex sustainable, because at least once you hit that a new owner doesn't need to invest hundreds of millions every season just to keep the club afloat

I believe both Man Utd & Chelsea have bigger debts than Inter, though lower as a % of their value. Inter's debt is a problem for Suning coz they are skint, but it is generally not an obstacle for rich buyers as it is factored in the valuation. Then its the new owners choice whether to replace debt by equity or continue with it.

But if there is no intent to sell, or the valuation expectation is in cuckoo land, that is an obstacle for buyers. So the problem here is clearly Suning. No money to invest & no intention to sell.

 

[CafeCordoba]

Yeah, no one is gonna pay Zhangs 1bn€ to buy the club which has 415m in debt and which is making losses every year.

That is the ultimate issue, lack of reason in the valuation.

 

[.h.]

I believe both Man Utd & Chelsea have bigger debts than Inter, though lower as a % of their value. Inter's debt is a problem for Suning coz they are skint, but it is generally not an obstacle for rich buyers as it is factored in the valuation. Then its the new owners choice whether to replace debt by equity or continue with it.

But if there is no intent to sell, or the valuation expectation is in cuckoo land, that is an obstacle for buyers. So the problem here is clearly Suning. No money to invest & no intention to sell.

Sure, but united and Chelsea both lose much less money (% of revenue) than Inter do. I think our losses are like 2x Chelsea and significantly more than United

 

[ADRossi]

Sure, but united and Chelsea both lose much less money (% of revenue) than Inter do. I think our losses are like 2x Chelsea and significantly more than United

No one cares about Chelsea's net loss because they generate meaningful revenue. We do not.

 

[Nerazzurri_Ninja]

fuck chelsea, hope we sign enzo in the future on a bargain, I have faith that Inter will rise whether it be in Super League or Future Serie A where teams own their own stadiums and have better tv rights along with the reform they are enacting on academies

 

[Superminion]

Inter are in a decline, and the only reason our performances haven't fallen off a fucking cliff yet is coz of the craftiness of Marotta towork on a shoe strong budget.

If giving 30+ years old players on decline is crafty, noobs like maldini and giuntoli must be the Einstein of footballing directors.
I'm sorry bro, but marotta is part of the problem. In fact he's inters second biggest problem after zhang/suning. Sure, change in ownership is my number one wish, but in ideal world the overrated director like marotta should also be replaced.

 

[Bluenine]

If giving 30+ years old players on decline is crafty, noobs like maldini and giuntoli must be the Einstein of footballing directors.
I'm sorry bro, but marotta is part of the problem. In fact he's inters second biggest problem after zhang/suning. Sure, change in ownership is my number one wish, but in ideal world the overrated director like marotta should also be replaced.

That depends on the objectives stated & resources given.

Maldini was given a decent transfer budget & a clear objective - To build. He has done well.

Marotta was given a decent transfer budget & a clear objective - To win. He did well too. Then the resources were completely turned 180 degrees, he was told to operate on a negative transfer budget (ie make money from transfers) while still finishing in the top 4 (for desperate CL revenues). IMO he has done as well as anyone could have in that situation.

Ideally if Suning needed to make money from transfers, the objective should have changed to "lower wage bill & start a long term project" & forget about Top 4 for a while. If you want top 4 consistently, you cannot farm the club for money every summer without any investment in transfers. I see this as an ownership issue - they don't want to spend any money & yet want to show that the team is competitive & keep revenues high. That can work short term if your DS is clever, but there will be a fall off a cliff in the horizon. Marotta can slow that, not stop that eventuality.

 

[Nerazzurri_Ninja]

We belong in top 4 always, despite our current debt, were one of the richest, most influential, global fanbase, with one of the best academies, im sure we will get through it, even if it means new owners

with good scouting all our problems will be solved

 

[Superminion]

That depends on the objectives stated & resources given.

Maldini was given a decent transfer budget & a clear objective - To build. He has done well.

Marotta was given a decent transfer budget & a clear objective - To win. He did well too. Then the resources were completely turned 180 degrees, he was told to operate on a negative transfer budget (ie make money from transfers) while still finishing in the top 4 (for desperate CL revenues). IMO he has done as well as anyone could have in that situation.

Ideally if Suning needed to make money from transfers, the objective should have changed to "lower wage bill & start a long term project" & forget about Top 4 for a while. I see this as an ownership issue - they don't want to spend any money & yet want to show that the team is competitive & keep revenues high. That can work short term if your DS is clever, but there will be a fall off a cliff in the horizon. Marotta can slow that, not stop that eventuality.

Milan and napoli has lower wages bill while having similar results with inter this past two seasons. Maldini & giuntoli seems to be doing better jobs than marotta. At least its look like it so far, off course if we somehow manage to win CL this season I'll adjust my opinion on marotta, in that case he's definitely the greatest sporting director in Italy.

 

[Forzanerazzurri]

Milan and napoli has lower wages bill while having similar results with inter this past two seasons. Maldini & giuntoli seems to be doing better jobs than marotta. At least its look like it so far, off course if we somehow manage to win CL this season I'll adjust my opinion on marotta, in that case he's definitely the greatest sporting director in Italy.

Squad values are all very similar though

 

[sdvroot]

@.h. So If we reach the 4th place in Serie A, win the Italian Cup and reach for the Champions League final, what will our financial balance be at the beginning of the transfer window?

 

[Black Knight]

@.h. So If we reach the 4th place in Serie A, win the Italian Cup and reach for the Champions League final, what will our financial balance be at the beginning of the transfer window?

Still fucked, I'm afraid.

 

[.h.]

@.h. So If we reach the 4th place in Serie A, win the Italian Cup and reach for the Champions League final, what will our financial balance be at the beginning of the transfer window?

Honestly it's so hard to say. I wouldn't want to be held to a number.

I hope, and it's only hope, that that set of results would take us to roughly maybe -20-40 for the season, eg no major sales needed and some plusvalenza from youth and shit covers us. Remember our non payment of sponsorship money as well sucks. For next season hopefully we can get some good news sponsors in and maybe depending on the results also not need to sell a star. I feel like that's not an unrealistic case right now - but what it will come down to is how Zhang builds on this? We need new sponsors, and fast. If we can get a 30-35m main shirt sponsor (by being in the CL final + staying in CL next season, I dont think its unreasonable?), and a couple other sponsors for lke another 15-20m, plus bonuses from the ones we alrready have... we might be okay

(But then we also have debt to refinance, etc next season)

 

[Corrode]

i bet Hongkong judicial court know those financial figures better rather than Inter's management and owner themselves.

 

[sdvroot]

Honestly it's so hard to say. I wouldn't want to be held to a number.

I hope, and it's only hope, that that set of results would take us to roughly maybe -20-40 for the season, eg no major sales needed and some plusvalenza from youth and shit covers us. Remember our non payment of sponsorship money as well sucks. For next season hopefully we can get some good news sponsors in and maybe depending on the results also not need to sell a star. I feel like that's not an unrealistic case right now - but what it will come down to is how Zhang builds on this? We need new sponsors, and fast. If we can get a 30-35m main shirt sponsor (by being in the CL final + staying in CL next season, I dont think its unreasonable?), and a couple other sponsors for lke another 15-20m, plus bonuses from the ones we alrready have... we might be okay

(But then we also have debt to refinance, etc next season)

Well, yeah it's probably around -20 or -30m, but there's a chance to reduce the salary list for the next season by getting rid of Lukaku, Dzeko, Gagliardini, Handanovic, DeVrij.
Taking into account their replacements, this will give about +10m and the new sponsor will give another +10m. How the fuck are we going to cover these fucking 40 million to be a self-sufficient club? )

 

[.h.]

Well, yeah it's probably around -20 or -30m, but there's a chance to reduce the salary list for the next season by getting rid of Lukaku, Dzeko, Gagliardini, Handanovic, DeVrij.
Taking into account their replacements, this will give about +10m and the new sponsor will give another +10m. How the fuck are we going to cover these fucking 40 million to be a self-sufficient club? )

To be honest, cutting some salaries from players who dont add anything, reduction of amortisation of unwanted players, and extending expensive players we have now like Barella, Bastoni, etc, will help to reduce amortisation too.
We really shouldnt be *that* far off, we just need to cut a bit of costs and increase some revenues. That's obvious, of course, but i think its achievable (+R16 every year)

 

[.h.]

latest comments in the press suggest that our profits from this season should offset (if we make the final) all the plusvalenza requirements we had for the summer. I guess, but am not sure, that the 'lack of main sponsor payment' is also factored into that number, so its actually a good result.

This means any plusvalenza is going to go to offsetting next season or transfer budget - hopefully with some salary cuts we can reduce that need significantly for next summer too. Skriniar, Handanovic, Gagliardini, Correa alone raises about 40mil a year of opex so that helps

One major plusvalenza (say, Broz/Kessie swap, Onana) will go a long way for us, even though we still need to replace Skriniar with a new CB and invest up front. Hopefully a good new sponsor, after this CL run, will help significantly too.

Of course our looming significant debts next season change the whole picture so we just need to see how that goes

 

[ADRossi]

latest comments in the press suggest that our profits from this season should offset (if we make the final) all the plusvalenza requirements we had for the summer. I guess, but am not sure, that the 'lack of main sponsor payment' is also factored into that number, so its actually a good result.

This means any plusvalenza is going to go to offsetting next season or transfer budget - hopefully with some salary cuts we can reduce that need significantly for next summer too. Skriniar, Handanovic, Gagliardini, Correa alone raises about 40mil a year of opex so that helps

One major plusvalenza (say, Broz/Kessie swap, Onana) will go a long way for us, even though we still need to replace Skriniar with a new CB and invest up front. Hopefully a good new sponsor, after this CL run, will help significantly too.

Of course our looming significant debts next season change the whole picture so we just need to see how that goes

This is also our last year amortizing Dalbert. Lazaro will likely be given a golden handshake in June, freeing us of any financial impact next season. Those two mark the end of any dead weight contracts on the books, besides Correa.

 

[wera]

and Gags

 

[crzdcolombian]

how much do we get for winning champions league and Copa Italia? That will fix our financial issues no? I read some place 300m for winning champions league but that sounds insanely high

If we finished top 4(looks very likely), Get to the CL final(very likely), and win Copa Italia(super likely) we get 100m. Which saves us from a big sale tho we really should still sell Onana, Lautaro to Man U or Chelsea if they come to us super desperate and with a stupid offer.