Inter's Financial Situation

Mr-Intermilan

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We cannot use Primavera players unless they are exceptional talents. Mature already at very young age. This issue comes directly from the lack of reserve team system in Italy. Other, lesser clubs can use Primavera players more "easily" as the expectation levels are different, the pressure is different in the first team. That's a thing which cannot be changed unless we want to turn to higher-mid table club like let's say Roma.
i do agree to some extent
but how come deboar even though he is weak in terms of coaching
managed to depend on primervera?
according to managemnt, its ok to buy a 40 million player and loan him
then terminate his contract less risker than promoting a primervera?
as a club that is sinking in debt, we dont have the longsighted management and
its not from this era.
 
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CafeCordoba

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You took one failed transfer as a an example how the club operates? What about all the other transfers? What about the transfers which worked freaking well for the club? Should we have rather take Primavera player instead of Lukaku? Lautaro? Barella?
 

Il Drago

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Failling to fullfill obligations means relegation to serie D but I guess it's not 'consequences on the pitch'.

It's a bit extreme to say we're going bankrupt, but your disregard for finances is mind boggling.

It was getting off topic so i am responding on this thread.

What's really mind boggling is the fact you totally disregard the connection between sporting and financial factors. One of our biggest sources of income is CL money. Imagine what would happen to our finances if we missed on CL money next season because of all the squad changes we made. And that's a real risk if you sell your starting forwards 10 days before the start of the season.

As for failing to fulfil obligations, Suning had an offer for the club few months ago. If they couldn't afford to run the club they could have sold it. Instead they decided to overvalue the club and remain owners. It was their right to do so but they're going to be judged for their policy thereafter.

Right now the biggest problem isn't Inter's debt but the loan from Oaktree that has a high interest rate and needs to be repaid in 3 years else Suning lose the club. That's why we see what we see.

Suning are a sinking ship that needed a government bailout to survive. The sooner they're gone from Inter the better.
 

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It was getting off topic so i am responding on this thread.

What's really mind boggling is the fact you totally disregard the connection between sporting and financial factors. One of our biggest sources of income is CL money. Imagine what would happen to our finances if we missed on CL money next season because of all the squad changes we made. And that's a real risk if you sell your starting forwards 10 days before the start of the season.

As for failing to fulfil obligations, Suning had an offer for the club few months ago. If they couldn't afford to run the club they could have sold it. Instead they decided to overvalue the club and remain owners. It was their right to do so but they're going to be judged for their policy thereafter.

Right now the biggest problem isn't Inter's debt but the loan from Oaktree that has a high interest rate and needs to be repaid in 3 years else Suning lose the club. That's why we see what we see.

Suning are a sinking ship that needed a government bailout to survive. The sooner they're gone from Inter the better.

Oh, you may want to update your belief on sporting - accounting performance. As far as I remember, we've never turned a profit in all these years. We won the 5 Scudettos in a row, we were in red. We won the treble, we were in red. We got back to CL, we were in red. We won the first Scudetto after ten year, we are in fucking red.

I would go as far as guessing the correlation is actually negative. The more successful were are in sporting, the more losses we accumulate in the book. I did not 'disregard the connection between sporting and financial factors', because there was NONE. The only times we came close to breaking even in all these years were when we did some creative accounting with selling/buying players and manipulate their book value. The sporting factors were never in the equation.

I do agree that Suning need to sell, and will eventually sell. But until the sale happens, get used to living within our means. Our financial problems are our own problems and not the owner's. Suning has put in hundreds of millions and is not going to recoup the majority of the investment when they get out. So they've got a free pass from me. The same free pass that I gave Moratti until the very end no matter how bad his management was.
 
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andrei

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Still it bother me a lot, our youth system is dry.
Which players from our youth system are established. Nobody.
The most known are Bonucci and Balotelli, but it is more than 10 years ago.
Zaniolo played only one year. Otherwise nothing.

From Stram team that won the Next Generation tournament, there is nobody. At least established player at a mid-level team like Fiorentina, Sampdoria, Genoa, Sassuolo, Bologna. The only one was Benassi a few years ago, but he is also shit now.
 

CafeCordoba

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I do agree that Suning need to sell, and will eventually sell. But until the sale happens, get used to living within our means. Our financial problems are our own problems and not the owner's. Suning has put in hundreds of millions and is not going to recoup the majority of the investment when they get out. So they've got a free pass from me. The same free pass that I gave Moratti until the very end no matter how bad his management was.

Yeah this is true in the sense that Zhangs have never taken a single euro out of the club. What they have done is put hundreds of millions of their money to the club. Unfortunately this Scudetto was basically a mortgaged one. We mortgaged our future to win the Scudetto.
 

ADRossi

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Our financial problems exist because Suning don't know how to run a business. If they were really that interested in turning a profit they wouldn't have enabled so many poor financial decisions over the last six years.

Moratti never cared to make money so he spent recklessly.
 
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.h.

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Pretty sure Suning know how to run a business. In 2019, they made about 1.5 billion USD PROFIT. They've probably made more money in one year than Moratti's squandered in his entire life.

They've had issues with the football business, but even then, if they left Inter right now, the squad and future of the club would be healthier than they ever were in the last decade or arguably two.

Their timing couldnt have been worse, though, and they've been screwed by a few things outside of their control. And listened to some bad advisors.
 

CafeCordoba

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Pretty sure Suning know how to run a business. In 2019, they made about 1.5 billion USD PROFIT. They've probably made more money in one year than Moratti's squandered in his entire life.

They've had issues with the football business, but even then, if they left Inter right now, the squad and future of the club would be healthier than they ever were in the last decade or arguably two.

Their timing couldnt have been worse, though, and they've been screwed by a few things outside of their control. And listened to some bad advisors.
Though there are like 375m€ debts due at the end of next year. How those are going to be repaid? I know how. Refinancing the debt, but with probably much worse interest. I wouldn't call Inter's financial situation good.

Then there is that 275m€ Oaktree loan which is not Inter's, but probably that money will be handed to Inter and somehow it needs to be paid back to Oaktree since interest is almost 10%. If Suning cannot move capital from China to Europe, there's only one asset where that money comes from.
 

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Well, coming into 20/21 we had like 200m cash on the books, and we've only raised more since then. We'll need to wait to see the new financial accounts to be published to know where we stand - also whata ends up being the case for the stadium I guess.
 

andrei

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Though there are like 375m€ debts due at the end of next year. How those are going to be repaid? I know how. Refinancing the debt, but with probably much worse interest. I wouldn't call Inter's financial situation good.

Then there is that 275m€ Oaktree loan which is not Inter's, but probably that money will be handed to Inter and somehow it needs to be paid back to Oaktree since interest is almost 10%. If Suning cannot move capital from China to Europe, there's only one asset where that money comes from.
That's the reason I believe the Oaktree will be our new owner.
Inter financial situation is not good, but by any means not so dire as after the treble. Our squad bill (amortisation and salary) was reduced from 250m to 200m (roughly 50m). With half-full stadium or even more another 50m are expected. That's already 100m. If we add what we received from transfers, i suppose we could end next year with profit. If that's the case, Suning has already much better cards in hand to deal with our financial problems.
 

andrei

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We cannot use Primavera players unless they are exceptional talents. Mature already at very young age. This issue comes directly from the lack of reserve team system in Italy. Other, lesser clubs can use Primavera players more "easily" as the expectation levels are different, the pressure is different in the first team. That's a thing which cannot be changed unless we want to turn to higher-mid table club like let's say Roma.
But what teams use Primavera players or players they bought as 20yo or teenagers? Barcelona, even Real, Bayern, Liverpool, Chelsea, Man. United. It doesn't need to be the whole squad or the best players you have but you need to have a few players with low/very low amortisation cost. Everyone of those teams has 2-3 players they grown or transfer when they were teenagers at very low fee and keep them for many years so their amortisation becomes insignificant.
 

Shaun

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All the talk about players and coaches is irrelevant. The only thing that matters is money. Can the league do a better job with TV rights, and can we build a stadium. Everything else is only temporary and will barely matter. I can't bring myself to care our performances on the pitch when I know those things matter far more in regards to our ability to compete
 

Mr-Intermilan

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You took one failed transfer as a an example how the club operates? What about all the other transfers? What about the transfers which worked freaking well for the club? Should we have rather take Primavera player instead of Lukaku? Lautaro? Barella?
not only a single transfer
1-Mario 40 milion
2-Nanigolan 30 milion approx
3-42 Million on Dalbert and Lazro
and these are the recent ones, bear in mind weak and mentaly ill Gag, who doesnt know how to position
himself and costs us 20 million, sensi 25 million and he spent his time in the clinic
yet as a club that is burdened with debt, we refuse to give a try for a youngster as a substitute!

and if i recal it right, stram the coach preferred a 40 years old Rochhi rather than a primervera!

its just a mentality, wont change unless we work on INTERMILAN -B

Inter is considered one of the biggest clubs in player rotations around 500 player in the last
10 years! most values are approximate by the way
but thats inter, compared to other clubs
we choose quantity over quality

and years later
we are still in Moratti situation
choked with DEBT.

picture source:https://www.transfermarkt.com/trans...&nat=&pos=&altersklasse=&w_s=&leihe=&intern=0
 

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.h.

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but look at the big thing you're missing. Our net spend is only like 190mil - way behind everyone else on that list except Athletico.

You're having a dig at Rocchi, but in half a season he's scored more than any Primavera striker we've had since... probably Balotelli? Livaja had 13 games that season and scored 4 in the EL - Rocchi played 15 games and scored 3 in the league (Cant check how many minutes he had on transfermarkt)

The thing is, if we were regularly producing even rotation level Serie A strikers/midfielders, we could talk about it being a waste. But we dont.


Wanna know who was in the primavera that we could have promoted instead of Rocchi?

Francesco Forte, Bocar Djumo, Matteo Colombi, Marko Livaja.

Well, Forte is finally in Serie A with Venezia, after scoring 14 in Serie B last year (not bad) having spent his entire carrer at Serie C/Serie B level (1 match ever of Serie A) - finally breaking through aged 28. Bocar Djumo never even played Serie C level, instead he's been playing 5th and 4th tier football in Germany, Matteo Colombi's last update was playing in SERIE D, and everyone here should know Livaja.


Those are hardly comparable to Rocchi.

Truth is, from the last 10 years, the only youth propsects we can really show any level of regret towards are Bonucci, Zaniolo (not really an Inter prospect as he was already released by Fiorentina) IMHO. The other ones off the top of my head who are roughly Serie A level are Biraghi, Destro, Duncan, Benassi, MBaye. Who of those would you want at Inter? Personally, none.

The other option we had would have been to keep Luc Castaignos, whose career peaked at Inter/Twente and went rapidly downhill after (he now plays in Crete, having just come back from 2 seasons in Korea), or samuele fucking longo, who in 2012-2013, went to Espanyol and played 20 games, scoring 3 goals, before moving to Verona in Serie A for 13-14 where he played 3 games and scored 1 goal (Coppa) before having his loan terminated early.

Is your suggestion that someone who couldnt even start for Verona, would have been better than Rocchi?


Rocchi is peak banter era, but he's scored more Serie A league goals in that one season, and more Serie A appearances, than basically any of the other options we oculd have reasonably had for him *IN THEIR ENTIRE CAREERS*
 
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Mr-Intermilan

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i just gave an example, inter would like
to risk in cash more in believing in a talent.
and iam seeing satrino for instance, could give inter at least 10-15 million if not more if he played enough minutes for two years, but inter would bench him and look into poor quality high wage players as substitue

i know its hard to explain my idea in terms of how it effect inter
but we spent 10 years with 1 billion in transfer market to get seria title!

if inter is burdened with debt
we need more fundamental ideas
and sustainable to keep the club running rather than it being like a RAGDOLL
sold every 2-3 years.
 

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but its exactly that. More risk.

If we were, say, Milan, and having produced players like Aubgeyamng (however you spell it), Petagna, Locatelli, Cristante, Pobega, Paloschi, and whoever else they've produced, then it'd be a bit of a different story - at least some confidence is justifiable.

Even our expensive youth transfers dont even end up having professional careers typically.
 

andrei

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but its exactly that. More risk.

If we were, say, Milan, and having produced players like Aubgeyamng (however you spell it), Petagna, Locatelli, Cristante, Pobega, Paloschi, and whoever else they've produced, then it'd be a bit of a different story - at least some confidence is justifiable.

Even our expensive youth transfers dont even end up having professional careers typically.

Exactly! Milan is way better at producing players. Don't forget also Darmian.
I said it already, if you take off Bonucci and Balotelli, who anyway were primavera more than 10years ago, in the last decade we produce nothing. Even from the Strama team, nobody had a decent career.
I believe something is fundamentally wrong in our primavera system.
 
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