Inter's Financial Situation

[DARi0]

Inter paid agents close to €32 million during the duration of 2019 according to a document published by the Italian football federation (FIGC).

Inter paid a total of €31,819,411,33 to agents during January 1 and December 31, the second most of all Serie A clubs, who gave agents a total of €187 million. Reigning Italian champions Juventus paid the most of all Serie A clubs as they gave agents of players no less than €44.3 million in total. Roma gave the third most as they gave agents a total of €23.2 million. Inter’s city rivals AC Milan meanwhile paid out a sum of €23 million to agents and the likes of Atalanta, Napoli, Fiorentina and Lazio all paid out under €10 million each to player agents as part of transfer deals they conducted in the winter and Summer windows. The FIGC document also highlights that Brescia paid the lowest sum to agents with them paying just over €500,000 during the above time frame.

This was mostly because of the free deals we did. Inter Milan closed in on JuBentus in 2019 and multiplied their investments in agents by around ten. Compared to the previous year, Inter invested €31.8 million instead of around €25 million in 2018. In 2017, it was only a little more than €3 million – a very low figure, which was probably an exception. A year before, the Nerazzurri already spent around €24 million.

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Inter have the best wages to turnover ratio amongst the traditional top clubs in Serie A this season according to a report in print edition of Tuttosport.

Inter’s annual wage bill equates to 26% of the club’s most recent annual turnover of €417 million which would suggest Inter’s annual wage bill sits at €108.4 million. AC Milan have the worst wages to turnover ratio among the big clubs in the league with their wage bill equating to no less than 38% of their turnover from this past year. The Rossoneri club have a wage bill of €80 million against a turnover of €206 mill

Inter’s arch-rivals and current reigning Italian champions Juventus have the second worst ratio with their wages equalling 38% of their €621 million turnover. Napoli have the third worst ratio with wages making up 32% of their turnover whilst Roma have the best ratio behind Inter with their wages equating to 28% of their annual turnover.

 

[DARi0]

More money: Suning Real Estate becomes official partner of Inter :datass:

Suning Real Estate has become an official partner of Inter, as the club continues to move on the Asian market.

FCInter1908.it writes that the club announced the new commercial partnership on their official Nerazzurri profile in China.

“Suning Real Estate has officially become an authorised partner of Inter Football Club,” the statement said. “The two companies will work together to create a beautiful community that integrates the experience of Italian style and sports culture.

“Adhering to the goal of continually pursuing product enhancement and superior service, Suning Real Estate will use Inter’s unique cultural characteristics and Inter Design’s creative concept to develop the operating mode of innovative scenes and integrate the Italian aesthetics with culture.”

 

[DARi0]

Financial services company Standard and Poor’s (S&P) have reduced Inter’s financial bond rating down to a B+ as highlighted by Italian news outlet Calcioefinanza.it.

Due to the Coronavirus pandemic, S&P have revised Inter’s €300 million bond rating downwards and also assigned a negative CreditWatch rating to it. The bond could even be further revised downward given the current crisis situation. As a result of the pandemic, Inter are missing out on a lot of revenue, especially when it comes to match day revenue from tickets and hospitality.

S&P state that they do not expect the loss of revenue to pose a threat to Inter’s ability to honour its main interests and payments however the loss of revenue will result in reduced liquidity. They also warn that there is a risk that Inter could lose out on sponsorship revenue when it comes to agreements being renewed as sponsors may cut back on spending as a result of the pandemic.

 

[DARi0]

Inter’s Turnover Could Be Reduced By Up To €215M If All Matches Played Behind Closed Doors

Clubs across Europe, including Inter, are likely to experience a reduced turnover next season as a consequence of the Coroanvirus crisis according to a report in today’s print edition of Italian daily newspaper La Repubblica. With games possibly being played behind closed doors or in front of hugely reduced crowds, at least in the beginning, clubs across the continent will miss out on all important match day revenue and there will also be a drastic drop in television rights income too.

No one club will be exempt the report warns and it goes on to reveal what some clubs turnover’s could look like compared to this season. Inter’s turnover could be almost halved from €460 million down with them at risk of losing €215 million, Juventus’ could also lose the same amount as well. Roma’s turnover could be reduced from €231 million by €90 million whilst Napoli’s could be reduced from €207 million by €70 million. Barcelona could perhaps be worst impacted with the report suggesting their turnover could drop by some €450 million.

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Pirelli vice president Marco Tronchetti Provera has revealed that a link will remain between the tyre company and Inter in the future but has admitted to being unsure quite what that will be.

Pirelli have been Inter’s main shirt sponsor for over 20 years now and their logo is almost synonymous with Inter’s jerseys but the sponsorship agreement is due to expire at the end of next season and reports have suggested Inter are looking to get a new main shirt sponsor.

“A link between Pirelli and Inter will remain. We will see what that will be” he remarked in an interview with the online edition of Milan based newspaper Gazzetta dello Sport, referring to his company’s shirt sponsorship possibly ending next year.

Inter presently earn €13m plus bonuses a season from Pirelli, but Il Corriere writes “the very strong relationship” between Suning and Evergrande could pave the way for a far more lucrative deal, as Chinese property developer Evergrande Group could replace Pirelli as Inter’s shirt sponsor.

 

[CafeCordoba]

So we would lose relatively the most out of Italian clubs? What a fucking disaster. I can see why Marotta wants to sell Lautaro and replace him with Cavani. Problem is if Barcelona will lose the most so they definitely cannot dish us the cash we need.

 

[DARi0]

Every club will lose revenue, so I would rather worry about increasing it. This is exactly what we are onto, according to GdS print edition. Inter’s owners Suning are on the hunt for a new main shirt sponsor to replace long term main shirt sponsor Pirelli.

Pirelli currently pay Inter a sum of €12 million a year and Suning want to find a sponsor who can guarantee just over double that. The goal is to find a company willing to pay in the region of €25-30 million a year, which would take Inter a lot closer to arch rivals Juventus, who currently earn €42 million from their sponsorship from Jeep.

Samsung, who already sponsor Suning’s other club Jiangsu Suning’s shirts and the Evergrande group are both potential new main shirt sponsors for Inter and an agreement could be reached more easily thanks to the links already in place between those companies and Suning.

 

[William]

Would take Samsung as a sponsor tbh, would be an easier transition from Pirelli

 

[Kev9Inter]

Inter’s Turnover Could Be Reduced By Up To €215M If All Matches Played Behind Closed Doors

What a load of bullshit.

 

[brehme1989]

So we would lose relatively the most out of Italian clubs? What a fucking disaster. I can see why Marotta wants to sell Lautaro and replace him with Cavani. Problem is if Barcelona will lose the most so they definitely cannot dish us the cash we need.

Maybe what you should see is the expenditure we committed last summer

 

[CafeCordoba]

Pirelli pys 12m€ base, but last season they paid 19m€ because of we were in CL.

 

[DARi0]

Inter: New sponsors in the pipeline

Inter have announced a ‘number of possible new sponsorships in the pipeline’ after having released a €31.5m drop in revenue since March 2019.

What a load of bullshit.

The report from Inter Media and Communication, published by Calcio e Finanza, revealed a drop of 34 per cent in revenue and the Nerazzurri explained they are working on new deals.

“To date, we have a number of possible new sponsorship contracts in the pipeline, which, if finalised, will start from the beginning of the new fiscal year,” the club announced, according to Calciomercato.com

The resolution with Fulshare and King Dawn, two Asian sponsors, caused the big drop, resulting in lower revenues of €15m.

The contract with the marketing agency Beijing Yixinshije added a decrease of €18.7m, whilst a final €5.3 drop in revenues derived from a ‘failure to recognise contractual performance bonuses before the renegotiation and extension’ of the naming rights and sponsorship agreement with Suning.

In March, 2019, the club had €91.072m in revenues, falling to €59.587m this spring.

 

[DARi0]

Valuation analysis: Juve drop out of top 10 :megusta:

An analysis by KPMG has revealed that Serie A giants Juventus have been pushed out of the top 10 in this years Football Club’s Valuation.

The annually study by KPMG, one of the ‘big four’ accounting organisations, shows that Paris Saint-Germain has leapt to ninth place in the ranking and pushes Juventus down from their 10th place last year.

The study called ‘Football Club’s Valuation: The European Elite 2020’ analyses the business value of 32 major European clubs and the top two remain Real Madrid and Manchester United, first and second respectively.

Barcelona have overtaken Bayern Munich at third and PSG are the only introduction among the top 10 since last year’s results. Liverpool climbed two placed, to fifth, and pushed Arsenal down to 10th place in the ranking, with Juventus now at 11th.

Further down the list, the next Italian club is Inter at 14th, whilst Roma trail the Milan giants by two places, just above Napoli at 17th. Milan are to be found at 22nd, six places above Lazio.

KPMG's Football Club’s Valuation: The European Elite 2020
1. Real Madrid €3.478bn

2. Manchester United €3.342bn

3. FC Barcelona €3.193bn

4. Bayern Munich €2.878bn

5. Liverpool €2.658bn

6. Manchester City €2.606bn

7. Chelsea €2.218bn

8. Tottenham Hotspur €2.067bn

9. Paris Saint-Germain €1.911bn

10. Arsenal €1.852bn

11. Juventus €1.735bn

14. Inter €983m

16. Roma €602m

17. Napoli €590m

22. Milan €526m

28. Lazio €328m

 

[DARi0]

The following numbers confirm the growth of Inter financially. According to KPMG’s “The European Elite 2020” report, the club of Suning has the third most significant growth of the calendar year: an increase of plus 42%, behind only Galatasaray and Paris Saint Germain.

Inter are confirmed the second most valuable Italian club behind Juventus and ranked 14th overall at €983M which is 146% growth over five-year period.

Another major increase can be seen on the club’s social media platform: 353% surge in new users between 2016-2020, ahead of Ajax and Juventus.

 

[DARi0]

UEFA ease FFP regulations

As expected, UEFA have relaxed Financial Fair Play regulations in the wake of the COVID-19 pandemic, postponing the break-even assessment until next year.

It was evident that the crisis and three-month lockdown, not to mention resuming the season behind closed doors, had a huge effect on the finances of even Europe’s top football clubs.

With the very real risk of sides going bankrupt or unable to prove their financial stability, UEFA took some off the pressure off by easing the FFP rules.

The most important change is that the break-even assessment – where clubs in the Champions League and Europa League must prove they do not spend more than they earn – will be calculated in 2021 and not in 2020.

The figures will be worked out together after that longer period, giving flexibility and time to meet transfer and salary obligations.

In Thursday's statement, UEFA announced the assessment of financial year 2020 is postponed for one season, and will be assessed together with the financial year 2021.

The 2020-21 monitoring period is curtailed and only covers two reporting periods (financial years ending in 2018 and 2019).

The 2021-22 monitoring period is extended and covers four reporting periods (financial years ending in 2018-2019-2020 and 2021).

The financial years 2020 and 2021 are assessed as one single period.

The adverse impact of the pandemic is neutralised by averaging the combined deficit of 2020 and 2021 and by further allowing specific Covid-19 adjustments.

 

[Revv]

How are we affording Both Hakimi and Tonali? Will we have to sell anyone to make anymore signings?

 

[I4E]

How are we affording Both Hakimi and Tonali? Will we have to sell anyone to make anymore signings?

LM10

 

[Black Knight]

More like Icardi. The plusvalenza from that sale alone will probably cover the cost of the amortisation and salaries of both Hakimi and Tonali for the first year.

Someone better informed than me can provide the calculations.

 

[.h.]

icardi is sort of meant to offset Lukaku dont forget... of course its not quite so simple because of plusvalenza vs depreciation, butt I suspect we're taking a bit of a gamble here that we're assuming new sponsor revenue, etc

thinh is though we do have some good plusvalenza in the squad now - between skriniar, martinez, etc

 

[CafeCordoba]

Yeah Icardi sale goes to this fiscal year. It will help to get our books straight with COVID19 hit among other things. Also helps us with the cash flow. Barella's permanent transfer becomes active next fiscal year. And even then, it's just the annual amortized costs we need to cover, not whole transfer fees for the given year player is bought. If we just have cash, only thing matters is the amortized values of the assets (players) and the gross salaries paid.

 

[.h.]

if/when we sign sensi, barella, tonali, hakimi, dont be surprised if we lump them all onto 5 year contracts to minimise their deprecation costs.

Lukaku is on a 5 year contract, as a note. As is Eriksen (4.5 yr technically).