Inter's Financial Situation

[pier]

Official, the cryptocurrency brand Gate.io is Inter's new sleeve sponsor

Ufficiale, il marchio di criptovalute Gate.io è il nuovo sponsor di manica dell'Inter

I nerazzurri, dopo aver chiuso l’accordo con il gruppo Betsson, hanno ora completato le sponsorizzazioni di maglia.

www.calcioefinanza.it

 

[brehme1989]

Fuck these cryoto shams

 

[Mikele]

Fuck these cryoto shams

I think, they should pay year in advance, for any case.

 

[cloudq]

I'd rather have Durex as a sleeve sponsor

 

[.h.]

I'd rather have Durex as a sleeve sponsor

if anywhere surely on the front of the shorts

 

[DARi0]

According to La Gazzetta dello Sport, the Nerazzurri can comfortably reach 100 million euros from their UCL participation.

Each club will earn 18.6 million euros by entering the group stage. Each group-stage win will generate 2.1 million, while a draw yields 0.7M.

The clubs will also unlock additional financial rewards by advancing to the next rounds. Winning the final is worth 25 million euros on its own, while the runners-up leave with a consolation price of 18.5 million.

Moreover, the Italian market pool will earn the five Serie A clubs a total of 230 million euros. It will be distributed as follows: Inter 54, Juventus 53, Atalanta 50, AC Milan 44 and Bologna 28. This is due to the clubs’ UEFA coefficient.

Therefore, the pink newspaper notes that Inter and Juventus – due to their high coefficient – would earn a whopping 150 million euros if they managed to win the tournament.

Nevertheless, both clubs can realistically gun for 100 million euros, even if they don’t manage to go too far in the competition.

 

[DARi0]

Inter and BlockDAG announce strategic partnership

Partner — 1 hour ago

Innovative blockchain leader teams up with Italian giants to drive global brand exposure and community growth.

MILANO AND ZURICH - FC Internazionale Milano and BlockDAG, a trailblazer in the blockchain industry, are proud to announce a groundbreaking new partnership. It marks Inter’s first-ever collaboration with a blockchain technology partner, underscoring the Club’s forward-thinking approach and commitment to innovation.

As Inter’s Official Blockchain Partner, BlockDAG is set to leverage the club’s vast global fanbase to significantly amplify its brand exposure. With millions of passionate fans across the world, Inter offers an unparalleled platform for BlockDAG to engage with new audiences, expand its community of token holders, developers, and business partners, and ultimately drive the mass adoption of its cutting-edge blockchain technology.

Thanks to this partnership, BlockDAG will have unprecedented global exposure: through prominent LED and big-screen advertising at Inter’s home games at San Siro, BlockDAG’s branding will be displayed to millions of fans both in-stadium and watching from around the globe. The agreement also includes digital content, social media posts on Inter’s digital channels, and a series of targeted campaigns and events that will further enhance BlockDAG’s visibility and business development.

“We are thrilled to welcome BlockDAG as our official blockchain partner. As Inter, we have always been at the forefront of innovation, and this partnership aligns with our vision to embrace new technologies that can enhance our connection with fans and partners globally. We expect this collaboration to be successful and full of interesting innovation opportunities for both parties” - Alessandro Antonello - CEO Corporate FC Internazionale Milano

This partnership is a strategic move for BlockDAG as it continues to push the boundaries of blockchain technology and expand its global footprint.

“Teaming up with Inter, a club with a storied history and a massive following, is a significant milestone for BlockDAG. This collaboration not only elevates our brand but also positions us at the forefront of blockchain adoption in mainstream sports. We are excited to explore the synergies this partnership brings and to introduce the power of BlockDAG to millions of football fans worldwide” - Antony Turner - CEO BlockDAG

More tokens I'm sure FIF is thrilled

It seems that today BlockDAG has also clinched a $10 million partnership with German football club Borussia Dortmund (BVB).

 

[DARi0]

View attachment 13288

For soccer enthusiasts and potential traders, this partnership heralds promising growth for BlockDAG. To date, over 12.7 billion BDAG coins have been sold, with the presale fetching $68.5 million towards a $600 million target.

The price has escalated by 1680% from its initial offering, rewarding early buyers handsomely. With the coin currently priced at a mere $0.0178, the opportunity to leverage BlockDAG’s current momentum remains—but it may not last forever.

 

[.h.]

How is this our first partnership with a Blockchain partner what about socios

 

[DARi0]

Those were not partners but scammers made a fool out of the club.

https://twitter.com/x/status/1829491182294229242

Somebody tell them Brozovic has been not part of the club for more than a year now lol

 

[dor83]

How is this our first partnership with a Blockchain partner what about socios

Socios isn't a blockchain, it's on the Chiliz blockchain, but Blockdag is one. I don't know anything about Blockdag so can't comment on how legit they are or not though.

 

[DARi0]

This guy did the research, hope Inter took the money up front

LOTS of red flags, I will certainly not buy this.

Seeing how all the comments are from bots it does not seem reassuring

 

[DARi0]

Inter’s board has approved financial results for the 2023-24 campaign, the Nerazzurri wrote in a statement Wednesday morning.

“There was a further significant decrease in losses compared to the 2022/23 financial year, with the figure falling by around €50 million from €85 million to €36 million,” Inter said.

“This was partly achieved by a revenue increase of approximately €48 million to €473 million thanks to positive sporting results leading to an increase in commercial turnover. Meanwhile, production costs remained stable at €464.5 million, resulting in a net improvement to production value of €9 million, compared to losses of €40 million in the previous financial year.”

Good

Oaktree Capital Management took over the club from Suning on May 22, 2024, after Steven Zhang had failed to repay a debt of nearly €400m. The new club owners made a cash injection of €47m.

“Since 22 May 2024, funds managed by Oaktree Capital Management, L.P. (“Oaktree”) assumed ownership of F.C. Internazionale Milano S.p.A. as the new majority shareholder. In the first quarter of the 2024/25 financial year, the majority shareholder completed a recapitalisation operation totalling €47 million,” Inter added in their statement.

“The club’s equity reserves have been increased by €44 million through direct cash injections, with a further €3 million from the conversion of the final portion of shareholder loans. The majority shareholder’s investment is a demonstration of its commitment to the Club’s financial and operational stability to support the highest level of performance on and off the pitch.

“The club’s summer transfer dealings balanced the acquisition of top-level players while progressing the objective of sustainable growth and success. In addition, since the start of the 2024/25 season, the Club has signed new partnership deals, adding further value to the Nerazzurri shirt and confirming the international appeal of the Inter brand. This included infotainment giant Betsson Sport, which now appears on the front of the Inter jersey thanks to the biggest such deal in the club’s history, and Gate.io, one of the world’s leading cryptocurrency exchanges, as the new sleeve sponsor.”

Can we afford a proper finisher without selling a starter?

 

[CafeCordoba]

We're back to making operational profit since 2018 (revenues minus production costs).

The total result is negative because of the financing costs of the debt we have. But we're constanty moving to the right direction.

Oaktree "gave" the club money to invest to the future players (GK, side CB), but not immediate reinforcements. Interesting choice but speaks to me they are looking for long-term, possibly to make the asset look good (for the eventual sale).

 

[.h.]

I don't think the operational profit is right? I think last year was the first time we were operationally profitable no? Definitely in COVID years for example we were nowhere near operationally profitable

Unless you mean EBITDA but I don't think that's a fair measure for a football club because so much exists in the A column

 

[CafeCordoba]

We made 80m deficit last year so no way we were operationally profitable.

If our losses are now 36m, it's at least pretty close to that since the financing costs are almoat 30m and probably something is added to that.

 

[.h.]

We made 80m deficit last year so no way we were operationally profitable.

If our losses are now 36m, it's at least pretty close to that since the financing costs are almoat 30m and probably something is added to that.

Sorry I realise now I misread what you wrote - I thought you were suggesting we were operationallyp rofitable since 2018 !!

My bad

RE last year - yeah, I think last year was the first time our losses were *primarily* driven by financing, which is something you could notionally suggest a change of ownership might be able to fix. Otherwise, every other year, losses have been driven by operations with financing being a small part.

 

[CafeCordoba]

I don't know. Losses were 85m like just reported and the annual financing costs are like 30m+? Or were there a lot more of them last season?

 

[.h.]

I don't know. Losses were 85m like just reported and the annual financing costs are like 30m+? Or were there a lot more of them last season?

It was more than half last time, mostly bonds but there was some interest accrued to great horizons for the oaktree loans which then for converted to equity I think. I did the analysis last year don't have it to hand now

 

[Adriano@10]

I don't know. Losses were 85m like just reported and the annual financing costs are like 30m+? Or were there a lot more of them last season?

There was the loan from suning... Which from memory was around 200mio at +/-10%.....
Not 100% on the numbers though

It was more than half last time, mostly bonds but there was some interest accrued to great horizons for the oaktree loans which then for converted to equity I think. I did the analysis last year don't have it to hand now

This... although if i remember correctly not all was converted to equity...