Inter's Financial Situation

[Pimpin]

overly dramatic, baseless idle speculation for a minute:


I wonder if the EPL suing Suning might cause issues for us. It depends what level of Suning they are suing, but if there is enforcement and non-cash payment, can anyone think of any major Suning group assets in Europe that they cant protect from a European court enforcing payment terms on?

The league accuses PPLive Sports International, a subsidiary of Suning, of skipping a US$210.3 million payment for live matches and another US$5 million for highlight packages and interest, according to a filing in the British court case.

non issue if they sue a subsidiary

 

[varmin]

Vecino earns same as Lautaro and Pinamonti & Darmian same as Sensi

 

[.h.]

how does everyone feel knowing nainggolan, gagliardini, joao mario, dalbert, vecino and lazaro represent 30% of our amortisation bill lol

 

[Zlatan4life]

[Gazzetta Dello Sport] Salaries for all Serie A players in 2020/21 season

- - - Updated - - -

[Gazzetta Dello Sport] Salaries for all Serie A coaches in 2020/21 season

 

[CafeCordoba]

how does everyone feel knowing nainggolan, gagliardini, joao mario, dalbert, vecino and lazaro represent 30% of our amortisation bill lol

And half of them are in the squad, other half not but we got like 1-2m€ back (Dalbert loan) only. I am positive we can get rid of them all next summer or at least Dalbert + Joao Mario. There is not much left in the book value anymore so we can sell them for less than 10m€ each. Lazaro is a bit more so it's up to his season can we sell him. Same goes for Vecino and Nainggolan I feel. We can sell them next summer and avoid capital losses (but we need to cover the amortization costs this fiscal year unfortunately (maybe Vecino can be shipped out in January).

 

[DARi0]

I wonder when Inter will be announce the financial statement.
Roma and Milan already reporting huge lost.
https://www.football-italia.net/160274/roma-ran-204m-euro-loss
https://www.football-italia.net/160356/milan-ran-%E2%82%AC195m-euro-loss

apparently we're expected to report 150m loss, which against roma and milan isnt bad.

Inter shareholders meet in November

Inter patron Steven Zhang will be in Milan at the end of November for the Nerazzurri’s shareholders’ meeting.

The annual meeting has been pushed from the end of October to the end of November, according to Tuttosport.

The newspaper expects Inter to reveal a loss of above €100m, in line with the other Italian clubs struggling with the crisis caused by the coronavirus.

The loss of revenues from the box office, the freezing of the latest instalment from the TV rights and the decrease in trade flow from China weigh heavily.

 

[Il Drago]

Official – IC Markets Suing Inter After Inter Cancel Contract Due To Lack Of Payment

IC Markets are suing Inter after the Nerazzurri cancelled the contract with them Inter have confirmed as part of the Financial Results of Inter Media and Communication S.p.A.

In June of this year, Inter reached an agreement with IC Markets, an Australian-based online retail forex and Contract for difference broker trading, for them to become the club’s first ever shirt sleeve sponsor.

Inter have announced that they have cancelled the contract due to IC Markets failure to comply with contractual obligations and will be retaining the €2.5 million that IC Markets already paid to them.

The Nerazzurri club have also confirmed that IC Markets have filed a wrongful termination lawsuit against them and are seeking reimbursement of the money they have already given to the club, plus interest.

The first hearing of this case will be held before the court of Milan on April 14, 2021. In conclusion the club state that they have set aside €2 million in their audited financial statements for this matter.

 

[brehme1989]

Lol and I was wondering where that logo was. Aussie owner probably wanted to buy another car.

 

[DARi0]

Thanks to an insurance clause, Inter have managed to soften the blow of the pandemic and specifically playing these matches behind closed doors.

According to Calcio e Finanza, “Since closing the stadiums at the end of February the club has suffered losses because of tickets refund (both single game and season tickets) and also the loss of profits each matchday because matches are happening without fans. However, the club was able to mitigate this negative impact, both from a financial and cash flow standpoint, through insurance coverage for business interruption: in fact, a reimbursement of €10M is expected to come in the next few weeks, going against an overall net loss of €13M.”

What figures are these? :chan: Too little to be covering all matches, too much to be per match.

 

[CafeCordoba]

So we kept the 2.5m€ initial payment and canceled the deal because of why? Contractual obligations?

 

[CafeCordoba]

Thanks to an insurance clause, Inter have managed to soften the blow of the pandemic and specifically playing these matches behind closed doors.

According to Calcio e Finanza, “Since closing the stadiums at the end of February the club has suffered losses because of tickets refund (both single game and season tickets) and also the loss of profits each matchday because matches are happening without fans. However, the club was able to mitigate this negative impact, both from a financial and cash flow standpoint, through insurance coverage for business interruption: in fact, a reimbursement of €10M is expected to come in the next few weeks, going against an overall net loss of €13M.”

What figures are these? :chan: Too little to be covering all matches, too much to be per match.

We didn't have any big matches in Serie A left which were played behind closed doors, apart from the Napoli match. And I don't know if they have bigger ticket prices for Napoli match, I doubt it. I think only Juve and Milan matches have considerably higher ticket prices. We had 7 home matches without the fans. So little less than 2m€ per match. That sounds credible if we make 5m€ for the top top matches with full stadium.

 

[Universe]

Who the fuck are StarCasinò Sport and why are they our new partner? How much are they paying us? Are they even a big company?

 

[CafeCordoba]

Gambling is one thing I wouldn't want our club to be associated in any possible way.

 

[brehme1989]

They say they are an official partner of Milan and an official infotainment partner of Inter. Whatever that means.

These partnership deals are usually capped at $500k or something. Not sure if the restriction is industry based or in general though. But they're definitely capped, so it's not going to be millions.

They look like a news site. They have Gli Autogol and Ludovica Pagani, sign me up.

 

[DARi0]

Who the fuck are StarCasinò Sport and why are they our new partner? How much are they paying us? Are they even a big company?

"Official InfoTainment Partner"

* This site does not represent a newspaper, as it is updated without any periodicity.

The www.StarCasino.Sport website is owned by
StarCasino Media & Entertainment LTD - they operate online casino for Italians
Quantum House, 75, Abate Rigord Street,
Ta 'Xbiex XBX 1120, Malta.

Company Number = C94080
Incorporation Date: 2 December 2019 (11 months ago)

 

[DARi0]

Inter must advance to the knockout stage not only for its sporting image but also for its financial account, especially during these months where it has been greatly affected by the COVID-19 pandemic.

CdS: “The prizes guaranteed when you only need to advance to the knockout stage are higher than what Inter collected last year by advancing to Europa League final. And, in such period where all clubs are affected by the pandemic financially, even a few million euros can make a difference and can change the prospects for the future.”

Good luck with that...

 

[brehme1989]

Next time you hire an average coach on the basis of his good relations with your director and a sketchy resume that was based on cheating, maybe you don't commit 11m per annum but add 50% of that as incentives to advance from a fucking CL group for once. Even freaking Leicester with Ranieri did that on their first ever try

 

[DARi0]

11m? Thought Conte pockets 12m NET/yearly.

Inter register 104m losses

Inter ran at a loss of €102.4m in the year ending June 2020, with revenue plummeting by €45m. ‘We laid strong foundations which will – in time – allow us to be successful again.’

The club released its figures during the shareholder’s meeting, which was held in a video conference call.

Naturally, the finances were badly affected by the pandemic and closure of stadiums, leading to no revenue coming in from ticket sales.

Inter were also one of the Serie A clubs to refund season tickets.

This means revenue fell by €45m compared to last year, consolidated at €372.4m, and the club ran at a loss of €102.4m last season.

“In a situation of significant economic downturn, we have been able to consolidate Inter’s growth plans, which rest on the creation of a global brand and are based around an innovative business vision whose main target audience is younger generations,” said President Steven Zhang.

“Our commitment for the future is – as always – to guarantee the sustainability of the club and ensure improved results on the pitch.”

CEO Sport Giuseppe Marotta also spoke at the meeting and assured Inter were on the right track.

“We laid strong foundations which will – in time – allow us to be successful again. Our objective remains to constantly improve results, season after season.”

 

[Il Drago]

Inter Spent In Excess Of €200m On Transfers In 2019/20 Financial Year Club Financial Statements Show

The details of all the transfer business that Inter conducted during the 2019/20 financial year is now available following the approval of the club’s financial statements at today’s annual shareholders meeting as revealed by Italian news outlet Calcio e Finanza.

In the 2019/20 financial year, Inter recorded a total of €61.5 million in capital gains with €47.1 million of that capital gain total coming from Mauro Icardi’s €49 million transfer to Paris Saint-Germain. The €47.1 million capital gain for Icardi is a new record for Inter.

Inter also recorded small capital gains from the sales of George Puscas to Reading and Yann Karamoh to Parma which amounted to €6.9 million and €3.4 million respectively. Among other transfer revenues, Inter also receieved €5.5 million from Bayern Munich for the loan of Ivan Perisic.

When it comes to incoming transfers, Inter spent a grand total of €217.3 million.

Inter’s incoming transfer business was as follows: Romelu Lukaku €74.1 million (discounted value €67.2 million, €6 million was agents’ compensation); Achraf Hakimi (Real Madrid), €43 million (discounted value €40.5 million) Nicolò Barella (Cagliari), €40.5 million (discounted value €40.050 million); Christian Eriksen (Tottenham), €27.5 million (discounted value €26.998 million, €7.5 million was agents’ fees); Ionut Radu (Genoa), €10.6 million (discounted value €10.55 million); Lucien Agoume (Sochaux), €4.5 million.

Moreover, the financial statements confirm what it cost Inter to terminate the contracts of Kwadwo Asamoah and Andrea Romano as well as the money paid to both Diego Godin and Samuele Longo when they left the club. Inter paid Godin €2.1 million, Asamoah €557,000, Longo €538,000 and Romano €243,000.

 

[brehme1989]

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