I'm not sure that's entirely true - with the loan on our books our cash on hand is probably okay, I *suspect* its a situation of jus managing costs so we get back to a profitable basis.
Actually, interestingly, we've just published our latest financial stataements :
https://www.inter.it/media/downloads/2021/2021_04_28_12_22_20Investor Presentation Q3 2020-2021.pdf
We closed the quarter with like 230m cash on hand by the looks of it, and thats before the loan.
Hm - slighly confused about the cash hing. The statement says : Cash Available for Debt Service decreased by €9.5 million or 4.0% to
€226.3 million driven by the €9.9 million decrease in cash inflows (while
cash outflows are in line with prior period around €7 million).
but then in the statement table at hte end, itt saays cash at bank and on hand is 40m?
More details here -
https://www.inter.it/media/download....p.A for the 9 months ended 31 March 2021.pdf
It looks like from the loan, 50m landed onto our balance sheet. Refinancing of the 2022 bonds is being looked at now.
Our total assets are up circa 110m year on year
Ah, I think the 50m from the loan is just what landed up on TeamCo or MediaCo.
Looks like sponsorship is about net neutral - there are new deals but offset by deals we couldnt fulfill obligations (e.g. stadia-related, not surer what exactly)
the -60m matchday is confirmed, too