Inter's Financial Situation

[blackmore]

mm trying to reduce it to 30-40m by next season. dont see us signing anyone if thats the case...

 

[Luka]

It's said that we were 154 millions in red last autumn and we have a plan to reduce that significantly.

http://translate.google.com/translate?u=http%3A//www.fcinternews.it/%3Faction%3Dread%26idnotizia%3D25206&hl=en&langpair=auto|en&tbb=1&ie=ISO-8859-1

To me they just look for a reason for the fact we probably got the most money we can possibly get in a year, and yet we still wanted to sell Balotelli first before spending.

I honestly think they have no clue. It was said time, and time again, that Inter can't be on red, because we have no loans in outside companys. We only have "loans" through the companies owned by Moratti, and those "loans" were counted once, and it was way over 500 mil, not over 100 mil.

We were never on the red. How it works was this: We spent during the summer, if we ended the financial red in the red, Moratti brought the money, to cover that loss, so that for next season we were cleared again.

Also, having a debt (in banks) is not against Financial Fair play from what I've seen. You can still have 700 mln in debt like Man Utd has, and if it was a problem they would shit their pants right now. The problem in financial fair play is if you take bigger loans that there are allowed (small ones). Having a debt alone, isn't against their rules.

Adjusting to Financial Fair play is to help get more income (through owning stadium, through merchandise) and less expenditures (through less wages as we do for example). Adjusting to Financial Fair play is not getting rid of your debt, unless you pay an interest over time, which would be ridiculous (Moratti paying interest to himself).

 

[CafeCordoba]

How in the hell you have a clue and "they" have no clue? You have really impressing detailed info about Inter's financial situation. You seem to know a lot of this stuff. I'm really impressed.

More seriously, always when someone posts something negative about Inter's financial stuff, you come to the rescue and deny everything that we have absolutely no problems and Moratti covers everything, it's all just fine.

 

[Alessandro]

What is it with this forum lately... Luka getting attacked everywhere lol

 

[Luka]

How in the hell you have a clue and "they" have no clue? You have really impressing detailed info about Inter's financial situation. You seem to know a lot of this stuff. I'm really impressed.

More seriously, always when someone posts something negative about Inter's financial stuff, you come to the rescue and deny everything that we have absolutely no problems and Moratti covers everything, it's all just fine.

Didn't you heard Paolilo who said straight after we being accused of having a debt last year ? What did he say, that how much REAL debt do we have ?

You rather will believe some fuckin idiot writing an article, than a CEO of Inter ? In fact, don't answer that Cafe, because it's a pattern with you.

I don't find this article credible because of what Paolilo said, and you'll excuse me if I'll believe our CEO. It was discussed many times, and by many people, not only me. We don't have a debt in the Madrid or Man Utd meaning of the word, so we can't be on the red. It's as simple as that. If you have other explanation, I'm willing to hear that.

What is it with this forum lately... Luka getting attacked everywhere lol

It's very simple Alessandro. I'm not really a guy who is singing in the direction the flag is waving. Last year during Sneijder saga, was exactly the same, and it's exactly the same with many other stuff. I was Jose biggest supporter, nah... he was just a fanboy. I was biggest management supporter... nah he is just blind and stupid.

You see it's like this: if I at least rumbled on all the shit on Jose and management, like the most people did for years, I wouldn't been called a fanboy. But then again, we won the fuckin treble, so I guess that means, I wasn't exactly crazy to see all those good things that I saw, despite calling me a fanboy.

On the other hand we have for example Cafe who was very big opponent of the management for years, who wasn't a biggest fan of Jose (until just recently), and yet we won the treble. I wonder... which one of us got a better "hunch" basing on history

But it's ok. I'm sure I'll argue with Cafe till death do us apart.

I just can't win

 

[CafeCordoba]

I'm not attacking anyone. I'm just questioning Luka's unconditional stance to this financial situation.

 

[Coasterfreek]

Inter Milan Financially Broke?

I found this long article to be quite interesting. I suppose this is why the transfer window for Inter hasn't contained any large kind of spending at all. But I was really shocked when reading this.

http://bleacherreport.com/articles/442218-the-price-of-inters-success

(I apologize for not putting this in this thread like I did. Sometime I don't always dig deep or back.)

 

[Alcatraz]

Very interesting article,TX for sharing!This would explain the quite mercato.
Man i hope we build our new stadium FAST!!!!!

 

[Stefan]

I merged the threads. Thank you for sharing that article Coasterfreek.

 

[CafeCordoba]

Interesting to read. There is those Paolillo's comments Luka talked about and also Platini's comments how it was Berlusconi, Abramovich and Moratti who has asked to do something (with financial rules).

Paolillo to Inter fans: "Old times are over"

"Moratti spent hundreds of millions for ten years before his team managed to win its first title. Now the era of Moratti the big spender is over."

 

[Luka]

I found this long article to be quite interesting. I suppose this is why the transfer window for Inter hasn't contained any large kind of spending at all. But I was really shocked when reading this.

http://bleacherreport.com/articles/442218-the-price-of-inters-success

(To be fair I stopped I think like in the middle)

Anyways it would be good article if not for couple of things, and I could list them all but there's no point I think, since the story is loosing credibility to me with every fault it makes (imo).

a) The guy is using two tables showing different figures, and then basing his opinions about stuff from 2 different tables showing different figures
b) Inter is private company; it is widely known that nobody knows exactly how finances work at Inter, and the most we know (to some degree) is how much Inter earns, not how much it spends
c) There is a phrase in it, that we lost 500 mln in 3 years, while couple paragraphs later the guy is backing up his story by the article which said that during Moratti era we lost 1,15 bilion (that part I don't deny). Moratti era last now about 15 years. If we take 500 mln that we apparently lost in last three years, we would have to loose "just" 650 mln in the 12 years. What made this drastic change all of a sudden ? If anything it should got better not worse, especialy since the times where Moratti spended like 50 mln on one player are long over, and from what I got since the time I've become interista was that this huge spending that Moratti did in his era (close to 1 bilion) was made during his early years, not after Calciopoli. Sure we pay more for players etc. but at the same time TV pays more, and there is more money from UEFA etc.

But lets think about it. This article claims that we loose like a 150 mln EVERY YEAR. That's simply insane. If that was true, no stadium, nothing could help us out from the fair play rule that is coming. How to close a gap of 150 mln every year in 2 years ? Impossible, and from what I remember, MM was talking about Inter becoming self sufficient by the time the rule is implemented.

Let me make one thing very clear. I have no problem with hearing/reading Inter being in trouble financialy, and to be honest I would love to read some from behing the scenes stuff, that nobody in the public knows. But only when it's credible and makes sense. If this article was made by say gazzetta, which would bring some "behind the curtain" figures, then it might be a lot more believable. But when something doesn't make sense it just doesn't. I mean 150 mln in red every year ? That's ridiculous.

It seems more to me, like some guy sat on a chair, got a bunch of graphs from the internet (from different sources) made some conclusions basing on them, and some points.

I also have the small problem that it's NOW. I see so many stories that say something AFTER the fact, not BEFORE it happens. I can bet that he got the idea of this article when he saw that we really didn't buy anybody for a large amounts of money. He would never think of this article say in june.

ps. He has 200 mln last year as a wages for the players. Gazzetta says it's 150 mln. Quite a difference.

 

[CafeCordoba]

I'm also curious to know his sources, but I'm so far believing him. Lots of work to be done to get those numbers (probably not exact amounts) so I really doubt he would have done that based on absolutely rubbish sources.

But is that Gazzetta's salary chart some kind of truth to you? How do you know that is correct? Clearly those figures in that chart are net salaries, but I'm quite sure salary budget this Swiss Ramble is talking about is, gross salary budget (since that is the amount what Inter has to pay).

 

[Stefan]

If it was gross salary then the difference wouldn't be just €50 million since the tax rate in italy is about 50% like in england. If the net salary is €150 million then gross/before tax should be €300 million. Not €200 million like the article claims the wage bill was.

 

[Stefan]

If it was gross salary then the difference wouldn't be just €50 million since the tax rate in italy is about 50% like in england. If the net salary is €150 million then gross/before tax should be €300 million. Not €200 million like the article claims the wage bill was.

 

[Coasterfreek]

Every article on B/R has its flaws. I usually write on it to talk about my Oakland Raiders. I remember being initially worried that Inter would pull a "fire sale" or what the 1997 Florida Marlins did after winning it all. Thank goodness we haven't lost anyone outside of people who could disrupt the team. I do think some of the graphs in the chart are legit. You're right Luka about the total payroll of salary being incorrect there. People on B/R often like to jump to conclusions.

 

[Luka]

Coasterfreek, just to be clear, I wasn't attacking you with any of this. I was just discussing the article. Links to articles are always appriciated.

I'm also curious to know his sources, but I'm so far believing him. Lots of work to be done to get those numbers (probably not exact amounts) so I really doubt he would have done that based on absolutely rubbish sources.

Cafe think about it. 150 MLN YEAR BY YEAR.

How are we suppose to make it 0 Euro in 2 years time ?

Even if we built 2 stadiums, and sell our major star every year it would still not be enough. There is simply no way that we are loosing 150 mln every season.

Personaly, I believe we are already even. We're even if we wouldn't need to buy anyone, just to stay with the things as they are. But the "self sufficient" thing that MM said, I think he means, that we will be able to produce some cash for every years transfers. Currently I believe we can't do that (not without selling youngsters/other players), but we're trying to (cutting wages with every passing year, improving in the youth department and then selling some of our youngsters etc).

 

[CafeCordoba]

Moratti is not spending anymore like before.

http://www.bloomberg.com/apps/news?sid=ao0r0bh_R50g&pid=newsarchive

Btw, Bloomberg is a respectable financial service (if someone doesn't follow financia world at all).

Stefan, both figures 200m€ and 150m€ are just estimates. It's not that GdS is some Bible who knows exactly the amount of our salary budget. That's why I talked about gross/net. Both figures can go either way to make them match (i.e. 150m€ down and 200m€ up).

 

[Luka]

Now this is definetly a better article, which just basicly focus on the fact that we can't "buy" the success anymore, unlike how Moratti tried 10 years ago. We can't be like 50 mln in the red on some ocasions and Moratti just covering it with his money, like it was before.

Also there are no different figures flying around every second paragraph , that helps.

The thing is this however, and always will be: Those figures, even the IlSole, are all speculative figures. We have no way of knowing what exactly is going on in the club from financial point of view. For God sake, we don't even know with 100% certainity what we pay or receive for players, unless the other part of the deal is a public club.

However, the fact that Moratti spended a lot on the club is no mystery, and is well known. The thing is though, that if we'll see how much we spended and how little we received in say 1995-2002 period and then we look at the years since Calciopoli there is no way it is the same. We still were on the red, but no way it was the same kind of amount as before (taking inflation into account).

I think it shouldn't be debatable, that we are in much better spend/receive shape that we were before. First of all, because we don't buy players for 30-40 mln anymore, secondly because we started to focus a lot on youth, and also receive money from selling some youngsters that we didn't considered tallented enough, and third because of our recent success.

 

[William]

We need a new stadium

 

[InteristaLT]

I heard BBilan are building new one only for them?If they have a new one then we need it too...