Inter's Financial Situation

brehme1989

La Grande Inter
La Grande Inter
Joined
Jan 17, 2005
Messages
29,562
Likes
8,910
10 years of FIF
Nostradamus
For someone who understands— are we more fucked than we were last week?
Short answer, yes.

Longer but still short answer, under the same ownership, we're going to go through this again in a few years and we're hoping the ratings and outlook will be more favorable.

No mood for a long answer, wasted that in the mercato thread :D
 

Corrode

Prima Squadra
Prima Squadra
Joined
Oct 23, 2021
Messages
939
Likes
926
Favorite Player
Vieri
Does anybody know how much Suning's (company) debt in their land China?
 

Il Drago

Moderator
Moderator
Joined
Dec 21, 2015
Messages
16,169
Likes
17,741
Favorite Player
Wesley Sneijder
Best Football Poster
Kind of. The financing gives us the safety of not having to go bankrupt when the next debt rounds are due, but we are paying more money in interest than before. It isn't unexpected though and basically gives us a few years of security during which time we hope our CL performances improve, stadium revenues return, Sunning can financially recover, league commercial deals in general increase, and we get new sponsors


Which isn't unreasonable
What about the Oaktree loan? Is it involved in the new bond or it's a separate issue? For me that's the biggest fear. Ending up in the hands of a vulture fund.
 

brehme1989

La Grande Inter
La Grande Inter
Joined
Jan 17, 2005
Messages
29,562
Likes
8,910
10 years of FIF
Nostradamus
What about the Oaktree loan? Is it involved in the new bond or it's a separate issue? For me that's the biggest fear. Ending up in the hands of a vulture fund.
separate issue, unless we use the funds to repay them
 

.h.

Part time Lazarus
La Grande Inter
Joined
Jun 8, 2005
Messages
26,602
Likes
3,710
Favorite Player
Inter1-0Wanda
Old username
browha
Forum Supporter
10 years of FIF
What about the Oaktree loan? Is it involved in the new bond or it's a separate issue? For me that's the biggest fear. Ending up in the hands of a vulture fund.
Was under the impression but may we'll be wrong that the intention of the new issue was to also help cover the Oaktree money. Bear in mind that at least of our last financial update we had a lot of money (can't remember exactly but like the majority of the Oaktree cash) sat available in the bank still if we needed it
 

CafeCordoba

Moderator
Moderator
Joined
Mar 7, 2004
Messages
31,398
Likes
7,216
Favorite Player
Bar, Skr, Bas
10 years of FIF
Sole 24 Ore reports that Oaktree is one of the purchaser of this bond. They were bondholders of the earlier bond and apparently they gonna stay there with this new bond. In addition to the loan they gave to Suning (holding company) which has Suning's Inter shares as pledge. Oaktree loan is NOT Inter's debt.
 

Il Drago

Moderator
Moderator
Joined
Dec 21, 2015
Messages
16,169
Likes
17,741
Favorite Player
Wesley Sneijder
Best Football Poster
Sole 24 Ore reports that Oaktree is one of the purchaser of this bond. They were bondholders of the earlier bond and apparently they gonna stay there with this new bond. In addition to the loan they gave to Suning (holding company) which has Suning's Inter shares as pledge. Oaktree loan is NOT Inter's debt.
Typically it isn't but if you consider the terms of the loan it basically is. If Suning don't repay the loan, Oaktree get Inter.
 

Kev9Inter

Capitano
Capitano
Joined
Jul 30, 2013
Messages
1,160
Likes
357
Favorite Player
Ronaldo
Typically it isn't but if you consider the terms of the loan it basically is. If Suning don't repay the loan, Oaktree get Inter.
And then PIF get the club from Oaktree for a smaller fee than the one Suning had reportedly quoted them...
 

Pimpin

I'm better than Icardi
La Grande Inter
Joined
Jul 13, 2011
Messages
16,558
Likes
511
Favorite Player
22IcardiBroHand
Old username
DomesticatedPimp
10 years of FIF
6.7% is alot better than 15% that was reported previously.
 

.h.

Part time Lazarus
La Grande Inter
Joined
Jun 8, 2005
Messages
26,602
Likes
3,710
Favorite Player
Inter1-0Wanda
Old username
browha
Forum Supporter
10 years of FIF
15% would be some payday loan shit for us
 

capitano92

Capitano
Capitano
Joined
Nov 7, 2010
Messages
1,458
Likes
85
Favorite Player
Zanetti
10 years of FIF
Not holding my breath but it would be incredible to wake up to some news that PIF have bought a major share and have absolved a lot of these debts and are running with Suning.

Or does that option not happen in any universe ever?
 

nadzington

Banned
Banned
Joined
Jan 28, 2022
Messages
229
Likes
89
When do you guys think Suning will sell Inter? Next year? Or will the drag along until somebody meets their unreasonable asking price?
 

TheNetworkZ

Allenatore
Allenatore
Joined
Mar 13, 2012
Messages
8,071
Likes
1,855
Favorite Player
The Bro
10 years of FIF
Suning are probably not looking to sell anymore, at least any time soon.
 

vex

Capitano
Capitano
Joined
Dec 13, 2017
Messages
2,424
Likes
1,448
Favorite Player
Don't have one.
Just hoping we don't get crushed underneath all of these debts, coz dam is solid for now, but I have a feeling if it cracks it will be sudden, and we will be over our heads in shit. Hopefully we get sold by then, or suning gets their shit together.
 

.h.

Part time Lazarus
La Grande Inter
Joined
Jun 8, 2005
Messages
26,602
Likes
3,710
Favorite Player
Inter1-0Wanda
Old username
browha
Forum Supporter
10 years of FIF
we'll get sold if that ever looks like happening. unlike Jiangsu, there's a lot of equity in this club, depending on how you value it, mybe anywhere between 250 and 600m. Suning could easily sell us for a discount andd have a new owner cover the debts - it's better than letting us default (for example).

the real question is who the new owner of the club will be and what their focuses are.
 
Top