The Suning Commerce Group

[Capo]

value set at €1.2-1.3billion

That is perceived value by Zhang.

There will be an independent auditor who will review and confirm what the market price should be, and it isnt 1B +. You will find that Inter equitable price would be closer to 600/750M. And has been indicated by multiple offers around this ballpark.

Does anyone recall the valuation PIF came up with?

 

[CafeCordoba]

That is perceived value by Zhang.

There will be an independent auditor who will review and confirm what the market price should be, and it isnt 1B +. You will find that Inter equitable price would be closer to 600/750M. And has been indicated by multiple offers around this ballpark.

Does anyone recall the valuation PIF came up with?

Milan was sold for 1.2bn valuation. You can't come up with a better equivalent than another big club from the same city. If anything, Inter's price could be higher in terms of sporting results and thus money making potential. But obviously the annual net loss situation club is having every year pushes the price down. But IMO not that much.

Offers made in the past do not have a relevance, PIF hasn't done any official bids and BC bid was not public either. Zilliacus has made a bid, not a public number either.

 

[Anne Marie]

To the best of my knowledge, the final price would come down to the evaluation of intangible assets (brand, good wills, future cashflows, etc).

If we approach Inter's intangible assets from market perspective, then Milan is a good reference (1.2 b).

If we approach from, say, risk or cost perspective, then we have to think about whether paying 1.2b worth it or not, considering other possible substitutes. This is where thing might get dark. With 1.2b, you may have a chance to buy other clubs with more future achievements. In my opinion, if Inzaghi does not win Scudetto, or does not make Inter a clear favorite in the next couple of months, Inter price would go down quite a bit.

The whole situation can be even worse, if the evaluation of Inter's assets is based on some steady stream of income cashflows, then things like sponsors, merchandise, etc would be bigger contributing factors. These things, I am afraid, will tell evaluators that even though we are winning, Inter is not a very attractive.

.h. or breme you guys may have more knowledge about different evaluation approaches?

 

[javier_zanetti <3]

The scudetto isnt related to the club value.

 

[Anne Marie]

The scudetto isnt related to the club value.

It does, IMO, Inter is not Coca Cola. It is a football club, and sport results matter financially in many different ways.

 

[IL Fenomeno]

So did Oaktree make a kinda bad deal with Zhang? Will they sell us immediately if Zhan can't pay back the loan? Or will they allow to refinance the thing?

 

[javier_zanetti <3]

It does, IMO, Inter is not Coca Cola. It is a football club, and sport results matter financially in many different ways.

No, its not. The club value related to assests such as the players, facilities and etc, and of course related to economic situation. If we finish 2nd in Serie A, it won't effect our players valuatiob or help us to get a new stadium.

For long term of course that sporting achievments means something. Our players value will remain high, our sponsors agreement values should increase and the total income should increase as well. But one season only won't effect our valuation, unless it will have unsual results (like relegation to Serie B).

 

[brehme1989]

To the best of my knowledge, the final price would come down to

The final price would come down to whatever papa Zhang accepts as final price. Whatever valuations people are discussing are irrelevant

 

[Pimpin]

The final price would come down to whatever papa Zhang accepts as final price. Whatever valuations people are discussing are irrelevant

Brand value

 

[IL Fenomeno]

No, its not. The club value related to assests such as the players, facilities and etc, and of course related to economic situation. If we finish 2nd in Serie A, it won't effect our players valuatiob or help us to get a new stadium.

For long term of course that sporting achievments means something. Our players value will remain high, our sponsors agreement values should increase and the total income should increase as well. But one season only won't effect our valuation, unless it will have unsual results (like relegation to Serie B).

Usually the marker value of the players goes up if you win some Silverware. Check the Conte Scudetto season for instance

 

[IL Fenomeno]

The final price would come down to whatever papa Zhang accepts as final price. Whatever valuations people are discussing are irrelevant

If an indepentend expert decide about the price, it won't matter what Papa Zhang says

 

[Il Drago]

You can't compare Milan with Inter. When Cardinale bought Milan their debt was 28m. Inter are piling on debt which makes a huge load of difference for a potential investor.

 

[javier_zanetti <3]

Usually the marker value of the players goes up if you win some Silverware. Check the Conte Scudetto season for instance

I actually wrote that in the comment you qouted.

 

[Gal]

That is perceived value by Zhang.

There will be an independent auditor who will review and confirm what the market price should be, and it isnt 1B +. You will find that Inter equitable price would be closer to 600/750M. And has been indicated by multiple offers around this ballpark.

Does anyone recall the valuation PIF came up with?

I did () where it said or whatever it would be evaluated at.

However 1.2-1.3 billion isn’t really unrealistic as that’s the price of another similar club.

 

[Gal]

No, its not. The club value related to assests such as the players, facilities and etc, and of course related to economic situation. If we finish 2nd in Serie A, it won't effect our players valuatiob or help us to get a new stadium.

For long term of course that sporting achievments means something. Our players value will remain high, our sponsors agreement values should increase and the total income should increase as well. But one season only won't effect our valuation, unless it will have unsual results (like relegation to Serie B).

It’s more complex then that, Inter hold brand value, future prospects etc. so it’s far more then just value of assets if it was just assets Milan would never been sold for 1.2bn

 

[brehme1989]

If an indepentend expert decide about the price, it won't matter what Papa Zhang says

How so?

 

[javier_zanetti <3]

It’s more complex then that, Inter hold brand value, future prospects etc. so it’s far more then just value of assets if it was just assets Milan would never been sold for 1.2bn

Obviously it's more complex, stick to the context. I responded to those who said that if we don't win the Scudetto, then the value of the club will drop quite a bit. Imo, there is no connection between the things and the Scudetto changes very marginally in the valuation of the club. But, several years at the bottom/top of the league are much more significant and to the joy Zhang, Inter returned to being a permanent company in the Italian top.

 

[Corrode]

Brand value

Inter have brand?

 

[CafeCordoba]

Okay this narrative of 750m debt, referred in the latest article might be bogus. The author himself seems to confirm that here. He's not a financial expert so it's okay (he's a lawyer). This seems to be more about the media and journalist constantly writing about Inter and the debts without understanding half of what they are writing, then this narrative catches everyone, obviously (as most of the people are not financial experts).

Here's the "confession":

https://twitter.com/x/status/1745547638940770363

Ie. we have that 415m debt (due in 2027) and then some few tens of millions of shareholder loans perhaps?

Will this debt be taken into consideration when assessing the "fair value" of the club? Because that debt will be due in the event of change of ownership. I guess it would be included since that is club's debt, not the owners.

 

[IL Fenomeno]

How so?

Read the upper posts and news regarding the whole topic