The large scale financial changes at Inter are impossible to ignore. The question is, are they working?
It cannot be disputed that the sale of Zlatan Ibrahimovic was a good one for Inter. Losses were significantly reduced that year because of the sale, to the tune of about 30-40% saved on the previous year, with the main driver the transfer fee recieved for Ibrahimovic.
However, do such cost-cutting techniques continue to work? Inter have posted, for the last three seasons, approximately the same losses year-on-year (to the magnitude of 10-15% at least), with only slight decreases. However, this year is where it gets bad. With missing out on the Champions League - and yet again large expenditure in the summer, only partially offset by wage savings - the losses for the 12-13 season are currently projected (before any January spending!) to be at least on a par with last year, and realistically will probably be a 10-15 million euro increase.
The fundamental issue is... The Champions League revenue. Mere participation (qualifying for the knock outs) can net a club easily 40 million euros revenue, before increased sponsorship money (etc) - most sponsor contracts will have performance related revenues - compared to the Europa League of only - if one wins it - 10 million euros.
This 30 million euro difference per season is not just substantial, but enormous. How do you quantify it? In terms of amoritization, it is the equivalent of having 4 16 million euro players on our books on 4 year contracts (16million) + their wages (leaving 24 million by 4 players = 3 million EACH after tax). The quality injection there would be immediately obvious - for the finances we band about, that could easily cover Ogbonna, Quintero, Ferreyra, and Paulinho. And they certainly wouldnt expect 6 million a season wages.
I think its plain to see now that we need to stop this patchwork shit we've been doing for the last 2 years, we need to pull out some serious money, and invest. We cant afford not to, if we want to comply financially...
Another year of Europa League football could be the doom of this club, with players starting to ask themselves if this is the norm, rather than the exception, at Inter. With salaries continually reduced, player spendings being reduced, and ambitions being scaled back, where is the attraction for someone to come to Inter? We're still running on reputation, but that only takes you so far. It is vital that we invest in the squad, and that we do it now.
Of course, whether what we have invested previously was well invested or not is a different story...