Inter's Financial Situation

IM21

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FC Internazionale Milano confirms that it has provided the required documentation relating to the disposals of certain players in the 2017/2018 and 2018/2019 seasons.

The request was received by the Milan Public Prosecutor's Office to verify the regular accounting of the related capital gains.

The company's financial statements are drawn up in compliance with the most rigorous accounting principles.

No Inter card holder is under investigation. No objection has been formalized. As stated in the statement from the Prosecutor, these are preliminary investigations.
 

qb4ever_2k

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Honestly, if they really want to find anything sensitive, they are a few weeks too late.

Any evidences, if there were, would have been destroyed by now. They can't find anything more in our HQ than what they can find in GdS.
 

Il Drago

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This is the statement from the Prosecutor.

FHJBYB6XIAk5ol4
 

.h.

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hahahahaha

i think false social communications means our paperwork doesnt necessarily represent the reality of the transfer
 

brehme1989

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hahahahaha

i think false social communications means our paperwork doesnt necessarily represent the reality of the transfer
That's probably it. There are specific laws on this but I don't know how to find them in Italian. Not sure if there's a general EU legislation on this but I doubt it. Accounting standards aren't centralized iirc.
 

.h.

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so we're meant to be compliant with IFRS, as I understand it, but I dont know what the legal ramifications are for not being compliant with the standards
 

Il Drago

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That's probably it. There are specific laws on this but I don't know how to find them in Italian. Not sure if there's a general EU legislation on this but I doubt it. Accounting standards aren't centralized iirc.
I have seen this on twitter but i have no idea how accurate it is.

FHJD1SlXEAgL_GM
 
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Candreva Crosses

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What does "false social communication" means? English motherfucker, do you speak it, prosecutor?
^ someone please explain

i think false social communications means our paperwork doesnt necessarily represent the reality of the transfer
what does this mean? could you give an example??
 
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brehme1989

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What does "false social communication" means? English motherfucker, do you speak it, prosecutor?
lol sociali means corporate here, società means company etc.

It's false corporate communications, it's a standard breach.

Found something here that fits the situation: https://www.globalcompliancenews.co...ing-or-conveying-false-corporate-information/


It seems like the people who are relevant here are the auditors, Antonello, the Zhangs and maybe a few other top executives.
 
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.h.

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^ someone please explain


what does this mean? could you give an example??
This is a pure guess, but like

"Zappa has been sold to Cagliari for 6m"
Cagliari only actually pay Inter 3m


If that's whats happening, its quite serious fraud and people would be quite correctly disqualified/go to prison.
 

DARi0

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Inter’s capital gains from 2017 to 2019, which total €89.8m, are being investigated by the Guardia di Finanza.

The Milan Public Prosecutor’s Office have opened an investigation into the Nerazzurri’s accounts, suggesting that there may have been some false accounting relating to their capital gains in this two-year period. The Milanese club are currently in a poor financial state, which is why stars like Romelu Lukaku and Achraf Hakimi were sold in the summer transfer window.

Calcio e Finanza has examined Inter’s transfers in these two years, noting how the club generated €89.9m in total in capital gains. These are the deals that are currently being investigated by the Guardia di Finanza.

Inter’s capital gains in the 2017/18 season:
  • Davide Santon: sold to Roma for €9.5m, capital gain €8.127m
  • Andrei Ionut Radu: sold to Genoa for €8m, capital gain €7.763m
  • Davide Bettella: sold to Atalanta for €7m, capital gain €6.949m
  • Federico Valietti: sold to Genoa for €6m, capital gain €5.950m
  • Jeison Murillo: sold to Valencia for €11.938m, capital gain €5.340m
  • Marco Carraro: sold to Atalanta for €5m, capital gain €4.455m
  • Jens Odgaard: sold to Sassuolo for €4.620m, capital gain €3.535m
  • Nicolò Zaniolo: sold to Roma for €4.230m, capital gain of €2.643m
  • Yuto Nagatomo: sold to Galatasaray for €2.5m, capital gain of €1.845m
  • Rei Manaj: sold to Albacete for €1.975m, capital gain of €1.225m
  • Francesco Bardi: sold to Frosinone for €1m, capital gain for €721,000
  • Geoffrey Kondogbia: sold to Valencia for €21.893m, capital gain for €541,000
  • Gary Medel: sold to Besiktas for €2.5m, capital gain for €191,000
  • Stevan Jovetic: sold to Monaco for €10.5m, capital gain of €129,000
  • Marco Capone: sold to Crotone for €20,000, capital gain of €16,000
Total capital gains in 2017/18 season – €49.7m

Inter’s capital gains in the 2018/19 season:

  • Andrea Pinamonti: sold to Genoa for €19.5m, capital gain €9.009m
  • Zinho Vanheusden: sold to Standard Liege for €11.740m, capital gain €9.529m
  • Andrea Adorante: sold to Parma for €4m, capital gain €3.954m
  • Marco Sala: sold to Sassuolo for €3m, capital gain €2.949m
  • Gabriele Zappa: sold to Pescara for €3m, capital gain of €2.945m
  • Riccardo Burgio: sold to Atalanta for €1.5m, capital gain of €1.464m
  • Francesco Forte: sold to Waasland for €400,000, capital gain of €287,000
  • Alberto Brigati: sold to Padova for €5,000, capital gain of €4,000
Total capital gains in 2018/19 season – €40.1m

Figures seem in order to me. I mean if I were the Italian authority I would certainly investigate each club.

Investigating does not mean irregularites will be found.
 

Il Drago

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Inter To Complete Refinancing Of Bond By April 30th, Italian Media Report​

Inter will refinance their bond which matures on December 31, and are set to complete this refinancing by the end of April.

This according to today’s print edition of Turin-based newspaper Tuttosport, who report that the Nerazzurri have had their plan for refinancing the bond worth €400 million approved by credit rating agency Fitch.

The Nerazzurri currently have a double bond worth €400 million, which is set to mature by the end of the year, and which they have not yet refinanced.

However, they have been working to do so and to get the plan done by the end of the year.

The club have formalized a plan to do so and have had it approved by Fitch, which will see the deadline to complete the refinancing set to April 30.

With this refinancing, the club will have a significantly larger margin for financial management without the looming obligation to pay off the €400 million in debt contained in the current bond.
 

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Inter To Complete Refinancing Of Bond By April 30th, Italian Media Report​

Inter are set to complete the refinancing of their bond by the end of the month.

This according to today’s print edition of Milan-based newspaper Gazzetta dello Sport, who report that the club will consolidate their two current bonds into a single one worth around €400 million which matures in 2027.

The Nerazzurri have been dealing with significant debt issues over the past few years, but they now look to be moving in the direction of dealing with the debt at the club.

The plan for some time has been to refinance the bond until 2027, and the club have been working with US-based investment bank Goldman Sachs to do this.

With club President Steven Zhang set to return to Milan in the coming days, the club is ready to finalize the agreement to refinance their bond, and will be able to get it done by the end of January, as per their schedule.
 

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@_h_ Do we have the numbers for this year?
 
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