Inter's Financial Situation

.h.

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Fuck them for wanting to get paid as agreed in their contracts.

we're gonna go round the circles on this for ages, but considering the scale of cuts Juve/Milan did last year, other big clubs like Real and Barca have done... Yes, fuck them for wanting to get paid as agreed in their contracts. Those contracts were agreed with a club that makes ~350million euros a year, and loses about ~20-30mil a season. Not a club that makes ~250million euros a year and loses ~100mil a season.

More importantly, a little bit of sacrifice from them means we can keep this team together and continue to challenge, during which they'd definitely make more money because we'd continue to win/etc.

but, no, instead, they want to make an two months of salary, and they're willing to break up a winning team and community for it.

Juve cut ~90mil of cost last year on deferrals. We were asking to cut ~25.
 

CafeCordoba

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That small wage cut wouldn't have changed anything regarding what these asshat Zhangs did or didn't do. Our organization as a football club couldn't function properly in this spring (the actual team is separated from this), because the owners played their own games and almost failed miserably. They were saved by an American fund, but that was already too late given what we are witnessing yesterday and today.

Also cut and deferral is a different thing.
 

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Zhang only cares about owning a football club, but not running one. He will run it into the ground with all these moves.
 

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With Conte gone we can now see an increase in ticket sales, we increased with one more season ticket sold!
 

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OFFICIAL: "Inter are negotiating with a number of potential partners to conclude the Main sponsor agreement before the start of the next football season"
 

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OFFICIAL: "Inter are negotiating with a number of potential partners to conclude the Main sponsor agreement before the start of the next football season"

Well it would need to be wouldn't it. Fuckers
 

Mr-Intermilan

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intermilan did a non respectful move
back on september for a minor shirt sponser
which let him lose an approximate 10 million dollar
https://sempreinter.com/2020/08/02/...kets-logo-will-be-on-left-sleeve-for-3-years/
https://sempreinter.com/2020/10/28/...ter-after-inter-cancelled-contract-with-them/



having 2-3 shirt sponser could be a solution
and ofcourse having our own stadium can accelerate the drawdown
in the future..which seems like a dream or halucination that inter will own his own stadium.
 

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Antonello: “We have a plan and a strategy to guarantee competitiveness at the level of the Italian champions. Difficult moment for all European football. Stadium? It is time for the administration to express itself on the public interest, the idea was to have it for 2026 "
 

Luka

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Times like this makes me wanna quit supporting any sports club altogether and just focus on nationalities. Seriously.

It's not about sales or financial troubles, but rather about keeping things in the dark. We have no clue what's going on. None. There is no "Finances" tab on Inter's website like in Football Manager. No clue WHAT-SO-EVER.

A few months back we were sold the story that we need a loan to help us get through. We all thought: it's not great with a loan like with 11% interest, but if that's what it takes to keep the coach and the team, even with free transfers to cover those bench options, then lets do it! We'll survive.

Then we get it (at least from what reports say). And then what? And then Conte is out and we hear we need to sell someone anyways! This can go on forever you know. After Hakimi, it might be Bastoni. And what would be the reason? Financial troubles. After that Lukaku. Why? Same thing.

This can go on and on. You go to bed thinking, "ok that's it and we're safe", then wake up the next morning and you find another news of "needing to sell player X". On and on, on and on.

If we knew finances, we would 1st, prepare for what's to come so there wouldn't be as many suprises, but 2nd part (of course from the owner perspective not so good) is that everybody would know finances, not only including fans but most importantly 3rd parties (sponsors, other team owners etc.). Good for us (fans) because we would know whether the club is managed correctly and more importantly how much truth is in that financial problems, not good for the club overall though. After all, we have no clue whether these problems are real, or it's just owner who is just doing some funny business. You have no idea, only the inside people know that. That was the same in the Moratti era, where there were some financial leaks, and we had a column titled "other" with like 200 or 300mln going out of the club every year. WTF :D. It might be Moratti buying another island for all we know.

But it's even worse. Since you are loyal fan, we cannot apply the competition rule here. You should be with your club no matter what. NOBODY does that in real life with anything they buy. It's not like: "ok, my chevrolet is breaking down every week cause the manufacturer is making the cars now out of plastic to drain as much money as possible, and every repair costs half the cost of the car, BUT... I'm sticking with Chevrolet cause I'm loyal". No fucking way. You go: "fuck that company, fuck the owner, let him bankrupt that piece of shit, I'm buying Toyota now". You can't do that with sports club if you are suppose to be loyal fan cause otherwise you're a bandwagon fan and that's why you have all those leach owners for years in biggest teams like man utd, liverpool, arsenal etc even though fans are furious about it but they can't do nothing about it. And owners know it. Owners can do whatever they want. They can sell all the first team for all they know. They won't go to competition. They won't throw rocks at their house cause then the fans seem like cavemen. So what incentive the owners have to spend money on the club? If they are not passionate like Moratti etc, or are not owners of the club but presidents (aka Barcelona or Real where you know that if you don't do right with the club, you're fucking out the next elections), then pretty much none. And they don't have to tell anything to the fans, besides those moronic phrases like "we will still strive to compete at the highest level". For fuck sake, even Spezia can say that.

So to apply it to our situation. Every big club has like 70-100mln of losses due to tickets. What else? Sponsorship deals are I'm pretty sure based on those milions watching in TV, not 60k in a stadium. Merchendising can suffer a bit but it's not like all merchendise is sold on the site, most is sold online for sure, and besides for Inter merchendising was never as big as for real or barca for example. Marotta also mentioned 70mln loss from tickets. Fine. But taking that loan into account, I'm pretty sure we're still way on the plus side and with big margin. We had some losses before? Well, we would have losses now too even with those 70mln back in our coffers.

I'm fucking so sick of being kept in the dark and trying to support a club. Whenever shit like this happen, it's so frustrating, I'm feeling like taking a break from news cycle and just focus on my family. But then... I will come back watching Inter, not Roma so I'm back to square one. And I cannot even scream at Zhang at matches, because he is away like 11 months in a year. Otherwise they should be fucks flying at their faces all year long now (if I knew more and it would be justified, but again... we have no clue what's happening).

Sometimes I understand chicks who think we dudes are fucking idiots for supporting those clubs and a bit envy the bandwagon fans who don't give a shit and support the clubs who are best at the moment (aka, they are the most competetive - like if they bought the best car at the moment). Seriously.

On a side note. If it was indeed the case that Zhangs could sell the club (of course it's also a bit of unknown as the next guy might be worse than the current guy, but you cannot apply this rule forever as I'm sure nobody would say lets keep Stalin as the next guy would be worse) but didn't because they want to earn more money those greedy basters and took the loan and now will sell some guy(s) because they need to wait for higher offer but in the meantime destroy the great team they built (this credit has to go to them and cannot be taken away), then FUCK THEM IN THEIR STUPID MOUTHS THOSE MOTHERFUCKERS!!!
 

.h.

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the problem is we were llosing between 50-100m a season even before COVID hit. In the last 2 seasons we've lost 230-240m.

Reports today suggest stadia will be 25% full next season maximum. Given our typical attendance and our matchday revenues we're likely to do about 24mil (I guess) matchday next season, probabaly less because our most expensive games sell out. So maybe 18-24m.

That means we're still out circa 40m of matchday revenue this coming season. Hopefully wage cuts and a new sponsor will help, but dont be surprised if we close next season like 60-100m in loss again.



The only way to get out of this cycle is to either increase incomes or decrease costs to the point where we are balanced. Then you can grow the team again with the profits. Or you find a unicorn owner who will write off half a billion + in debt because (fuck it why not), and then has the connections to boost our commercial incomes to be profitalble agin.

The latter situation is never gonna hppen so elts not waaste any time on it - if you're gonn drop 750m-1b on a club then write off all of its debt for 500m, you'd be better off spending that 1.5 billion on a completely greenfield project.

- - - Updated - - -

Just one thing to add - apparently Suning have converted 110m of debt to equity this season. Given the cirucmstances, its aboiut all they can do, so well done to them for that, they're taking risk out of the club by moving from credit to equity.
 

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Clubs are spending tons of millions for transfer fees and salaries. It's just insane. So it's not surprising that most of the biggest clubs have financial issues these days.
 

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the problem is we were llosing between 50-100m a season even before COVID hit. In the last 2 seasons we've lost 230-240m.

Reports today suggest stadia will be 25% full next season maximum. Given our typical attendance and our matchday revenues we're likely to do about 24mil (I guess) matchday next season, probabaly less because our most expensive games sell out. So maybe 18-24m.

That means we're still out circa 40m of matchday revenue this coming season. Hopefully wage cuts and a new sponsor will help, but dont be surprised if we close next season like 60-100m in loss again.



The only way to get out of this cycle is to either increase incomes or decrease costs to the point where we are balanced. Then you can grow the team again with the profits. Or you find a unicorn owner who will write off half a billion + in debt because (fuck it why not), and then has the connections to boost our commercial incomes to be profitalble agin.

The latter situation is never gonna hppen so elts not waaste any time on it - if you're gonn drop 750m-1b on a club then write off all of its debt for 500m, you'd be better off spending that 1.5 billion on a completely greenfield project.

- - - Updated - - -

Just one thing to add - apparently Suning have converted 110m of debt to equity this season. Given the cirucmstances, its aboiut all they can do, so well done to them for that, they're taking risk out of the club by moving from credit to equity.

And people complained about the rumors of that saudi arabian guy buying us. Now look where your complaints brought us.
 

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The only way to get out of this cycle is to either increase incomes or decrease costs to the point where we are balanced.
That's absolutely insane. Not what you've written, but this state which you presented accurately. You're right that this is how it looks on the outside and how it is presented. But the insane part is that this is exactly what I keep hearing all the way from 2010. Increase revenue and decrease costs. And that's exactly what we're doing from what I hear year after year. New fanbase, less wages, every transfer window is the usual "first sell before buy". 10 years of that cat and mouse play, and after 10 years what is the result? 270mln loan AND EVEN THAT is not enough. I get the pandemic, but again... that's tickets. But didn't we win serie a this year? What about prize money, what about tv money. What about other revenues that were increased due to marketting we've improved over recent years.

We have 150mln wages, very reasonable comparing to 10 years ago, even with inflation going on. How the hell did this shit happen? 50-100mln losses? What?! Didn't FFP that we got fed for past 10 years to our heads that we should not expect big spendings was suppose to ban us on the spot if that happened? And what about that famous beat with Ausilio who sold rookies to be complaint with ffp rules?

If we do lose 50-100 mln per year BEFORE COVID, then that would mean we would have to have like a 50mln budget for wages and 0mln for transfers. That is INSANE. Didn't we had like a record almost 400mln revenue a few years back?

All I'm saying with that, is that I understand what you're trying to do, but all that is plain guessing game. That's all it is. Neighter you, nor I know what the hell is going on, and that's what I'm frustrated about. After 10 years of hearing FFP all day long, about wages cut, about new sponsors, about increased revenue, about increased marketting etc, I thought we have healthy, manageble situation. And then, I wake up 1 morning, and apparently, for some 70mln loss in a year (due to loss of ticket sales) we need a whooping 250mln increase AND a sale of God knows how many players.

This is INSANE. This nightmare will never end, even if the next day we report 25mln budget like Atalanta. I'm sure even at that point we'll need more money to help our debts.
 

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After a first moment, where I was obviusly worried about the situation, I've started thinking over the opportunities that could show in front of us.
1. Inzaghi plays a different style of football, where the midfield is more involved than wings, giving to Eriksen,Barella,Brozo and Sensi even more opportunities to shine.
2.If we are going to sell Lautaro, for an adequate price, I think that we can replace him with a pretty solid player while fixing our economic issues, maybe less technical but more decisive.
In fact, he missed some sitters when he was supposed to put it in, especially in CL, and proved to be too immature sometimes.
3.we should start to have a correct managment of our budgets, without expensive wages for players that barely see the pitch, Vidal docet.

Considering these points, I'm not too worried but very interested in seeing how the team will adapt to Inzaghi.
 

.h.

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That's absolutely insane. Not what you've written, but this state which you presented accurately. You're right that this is how it looks on the outside and how it is presented. But the insane part is that this is exactly what I keep hearing all the way from 2010. Increase revenue and decrease costs. And that's exactly what we're doing from what I hear year after year. New fanbase, less wages, every transfer window is the usual "first sell before buy". 10 years of that cat and mouse play, and after 10 years what is the result? 270mln loan AND EVEN THAT is not enough. I get the pandemic, but again... that's tickets. But didn't we win serie a this year? What about prize money, what about tv money. What about other revenues that were increased due to marketting we've improved over recent years.

We have 150mln wages, very reasonable comparing to 10 years ago, even with inflation going on. How the hell did this shit happen? 50-100mln losses? What?! Didn't FFP that we got fed for past 10 years to our heads that we should not expect big spendings was suppose to ban us on the spot if that happened? And what about that famous beat with Ausilio who sold rookies to be complaint with ffp rules?

If we do lose 50-100 mln per year BEFORE COVID, then that would mean we would have to have like a 50mln budget for wages and 0mln for transfers. That is INSANE. Didn't we had like a record almost 400mln revenue a few years back?

All I'm saying with that, is that I understand what you're trying to do, but all that is plain guessing game. That's all it is. Neighter you, nor I know what the hell is going on, and that's what I'm frustrated about. After 10 years of hearing FFP all day long, about wages cut, about new sponsors, about increased revenue, about increased marketting etc, I thought we have healthy, manageble situation. And then, I wake up 1 morning, and apparently, for some 70mln loss in a year (due to loss of ticket sales) we need a whooping 250mln increase AND a sale of God knows how many players.

This is INSANE. This nightmare will never end, even if the next day we report 25mln budget like Atalanta. I'm sure even at that point we'll need more money to help our debts.



Ignoring COVID, the big problem is our amortisation bill. As I've said a few times recently, you could cut *players who arent at this club* and we'd pretty much be in profit. That's the issue. We squander a lot of money on pointless signings.

And for the last 7 or so years we've been kicking debts down the line - loan with conditional obligation to sign means we're spending next year's money on this year's players. That inevitably comes to bite us in the ass, which it has done now.

That's why the short termism of signing old plaayers on high wages pisses me off - we also give them long contracts to spread their annual cost over a alonger period, reducing the individuall annual impact but increasing the longer term cost of ownership (longer contract).


We're at least in the position now where we have plusvalenza on the books rather than capital losses.


With hard work this summer, and COVID going away, we could get back to a roughly profitable position. But it means signing no more shit like Vecino/Nainggolan/Dalbert/Lazaro. Any transfers need to be highly considered, likely to be coming into their prime in 3-5 years time, aand likely to be substantially increasing capital value.



What we really need, tbh, is to get out of the group stages in the CL. The money goes up so quickly that it makes a huge difference for us. Sort out sponsorships, too.

There's a lot of room for success, itll take hard work aand discipline, but we can get there with the right management direction.
 

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Vecino, Nainggolan, and Mario all come off our books next summer (2022). The only "dead weight" left at that point will be Dalbert and Lazaro. Things should be better soon.
 

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Vecino, Nainggolan, and Mario all come off our books next summer (2022). The only "dead weight" left at that point will be Dalbert and Lazaro. Things should be better soon.

We will be adding more dead weight this silly season, don't you worry :)
 
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