Inter's Financial Situation

Il Drago

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Just like in football rumors, nothing happening in the end is not an indication the rumor is not true. We were definitely in the BC Partner talks and these Bahrain talks are as real also. It will take many many weeks before anything is settled, if settled at all.
You got me wrong. Rumours about BC Partners and Inter were definitely true and the same applies for Milan and Investcorp. My point was that, like with BC Partners rumours, it isn't a certainty Milan's takeover by Bahraini will actually happen.
 

TheMilanista

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Didn't see it posted here, but to add a ton more fuel to the fire....

@MMAlardhi

Congratulations to #ACMilan back on top of the italian league. Happy Easter to the club, it’s fans and everyone observing this occasion
#SempreMilan

This was the CEO of Investcorp, yesterday on Twitter... Just 1 day removed from the news breaking. A verified account.
 

pazza moratti

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Have to say Milan board have done good job and same breath Marotta and boys have done many mistakes.

But also lot of crazy things have happened in last two years Covid, Conte resing, Suning troubles… but still mistakes are mistakes! We also need to remember that we have also just won scudetto and we still have good group of players to fight for another scudetto!

But I think we can turn this around, but Marotta and boys have a lot to do and I hope we don’t make same mistakes again, try to please the coach!

I celebrate every Italian football club succes, but not Juves… I would like to see competitive league where all the best players play, just like in the past!

Sometimes you have to take a step pack untill you can move forward :yao:
 
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CafeCordoba

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You got me wrong. Rumours about BC Partners and Inter were definitely true and the same applies for Milan and Investcorp. My point was that, like with BC Partners rumours, it isn't a certainty Milan's takeover by Bahraini will actually happen.
Ah yeah. I think what destroyed BC Partners deal was Agnelli & Perez and their fucking Super League project. Lured Zhang in to save Inter and the rest is history.

This Milan deal could collapse to argument over the price (of course).
 

varmin

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i agree that Milan were able to reduce their salaries, and our have increased last few years, but i'm sure that last 5 seasons we have better balance from them about transfers in-out. In addition, our income from 4 times CL in a row+passing the group stage this season+EL final+Scudetto are much bigger that their only one participation in CL this season. And, even without being bought by someone else, it's rumored that they have 100mln to spend for transfers this summer. From the other hand, our merkato is linked mainly with sales, and we have 0 bucks for new players at the moment.
i dont know where is the truth but i highly doubt that is only related to reducing of salaries.
 

qb4ever_2k

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Just like in football rumors, nothing happening in the end is not an indication the rumor is not true. We were definitely in the BC Partner talks and these Bahrain talks are as real also. It will take many many weeks before anything is settled, if settled at all.

You're right.

But this is not an argument for the credibility of trash toilet papers e.g. GdS though.
 

Inter7

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But didnt they just renew THEO and Leao? these guys need to start paying higher wages eventually no one plays for free
 

BasedGodPunk

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But didnt they just renew THEO and Leao? these guys need to start paying higher wages eventually no one plays for free
Leao is still more of an elite talent than proven commodity. Theo also doesn't play a premium position so he's unlikely to get an astronomical salary. While I was critical of Maldini for losing players on a free, he's done a fantastic job of replacing them with cheaper players who bring similar value. Odds are he'll do the same with Kessie.

I think Marotta did a great job in re signing Brozo Barella and Lautaro to fairly team friendly deals given the quality of the players. All play premium positions and two are under 25. I have confidence that Suning will sell within the next year. They just aren't getting the billion they're asking.
 

varmin

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But didnt they just renew THEO and Leao? these guys need to start paying higher wages eventually no one plays for free
I don't know about Theo, but they haven't renewed Leao, as they offer 4.5 mln salary and he wants more. He is now on the market being validated around 70mln. I've seen an article stating that City have interest about him.
 

Stefan

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Leao is still more of an elite talent than proven commodity. Theo also doesn't play a premium position so he's unlikely to get an astronomical salary. While I was critical of Maldini for losing players on a free, he's done a fantastic job of replacing them with cheaper players who bring similar value. Odds are he'll do the same with Kessie.

I think Marotta did a great job in re signing Brozo Barella and Lautaro to fairly team friendly deals given the quality of the players. All play premium positions and two are under 25. I have confidence that Suning will sell within the next year. They just aren't getting the billion they're asking.
The issue isn't the billion they want, the issue is the billion excludes the clubs debts.
 

Pimpin

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Elliot received Milan after the chinese dude defaulted on that 250 million loan. So they did not buy milan and got the club largely debt free.

They financed their operations without debt.. We can be in similar situation if OakTree gets us after suning defaults.
 

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That's just BS by Gazzetta. Milan will probably be sold but the buyers won't give the club some ridiculous transfer budget. The money involved is money going from Bahrain company to Elliott, Milan just being the asset being sold and bought.

Elliot were treating Milan as an investment to profit from, so their focus was on increasing value (incl. reducing costs). Investcorp want to own a football club, they will be looking for trophies. So I wouldn't be surprised if they invest heavily in the squad - something like the Man City model.

What annoys me is that while Milan are being sold for 1 billion when Elliot were in no hurry to sell, Suning still can't fucking find a buyer for Inter. We are fucking stuck with these skint owners. Suning probably are asking for some crazy valuation and have put prospective buyers off.

#FuckSuning
 

.h.

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Elliot were treating Milan as an investment to profit from, so their focus was on increasing value (incl. reducing costs). Investcorp want to own a football club, they will be looking for trophies. So I wouldn't be surprised if they invest heavily in the squad - something like the Man City model.

What annoys me is that while Milan are being sold for 1 billion when Elliot were in no hurry to sell, Suning still can't fucking find a buyer for Inter. We are fucking stuck with these skint owners. Suning probably are asking for some crazy valuation and have put prospective buyers off.

#FuckSuning
TBF, I'd wager a alot of that is the difference between a profitable club, and one that isnt. I've said it time and time again - Inter right now, you buy for £X (750-1000) million, and then every year you need to inject another £50-150mil just to keep it running, even BEFORE you talk abaout investment into the club.

As an investment proposition, right now, you'd need to spend like £1.5 billion including the price of the club just to stabilise Inter. £1.5 billion at Milan means you can inject £500mil into improving the team.

That's the difference.
 

CafeCordoba

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Elliot were treating Milan as an investment to profit from, so their focus was on increasing value (incl. reducing costs). Investcorp want to own a football club, they will be looking for trophies. So I wouldn't be surprised if they invest heavily in the squad - something like the Man City model.

What annoys me is that while Milan are being sold for 1 billion when Elliot were in no hurry to sell, Suning still can't fucking find a buyer for Inter. We are fucking stuck with these skint owners. Suning probably are asking for some crazy valuation and have put prospective buyers off.

#FuckSuning
And exactly where it is said Investcorp wants to own a football club and are looking for trophies?
 

Stefan

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Elliot were treating Milan as an investment to profit from, so their focus was on increasing value (incl. reducing costs). Investcorp want to own a football club, they will be looking for trophies. So I wouldn't be surprised if they invest heavily in the squad - something like the Man City model.

What annoys me is that while Milan are being sold for 1 billion when Elliot were in no hurry to sell, Suning still can't fucking find a buyer for Inter. We are fucking stuck with these skint owners. Suning probably are asking for some crazy valuation and have put prospective buyers off.

#FuckSuning
They are asking for the same as Elliot €1billion per reports. The issue is any new owners needs to also take over the debts, so ends up being a lot more.
 

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And exactly where it is said Investcorp wants to own a football club and are looking for trophies?

Its obvious. Investcorp are buying the club at 1 billion. The only way to create further value is to win trophies.

That wasn't the case with Elliot. They got the club very cheap. All they were focussed on doing is reduce costs to increase value and make it a sellable proposition. Which they did well.
 

vex

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I highly doubt sunings willingness to even sell at this point. Their so-called evaluation and rejected proposals maybe just a front for the media, to ease a pressure coming from our financial situation and sacrifices we have to make. See guys we are trying, but nobody is interested enough, that type of thing.

Meanwhile, zhang thinking to himself, nobody's taking my toy.
 

CafeCordoba

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At this point forcing a big sale will hurt a lot. None of our big boy are Hakimi-type, one-season players who aren't too attached to the club. Lautaro, Barella, Bastoni, Skriniar, Brozovic, all are VERY attached to the club at this point.

Lukaku sale was not purely management driven and was more player-driven, unlike Hakimi. Selling one of those names might have bigger effects in team-dynamics than we might think from the outside.
 

brehme1989

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Indirectly Milan getting bought is going to be good for us, as long as we have a proper plan and Suning decides what the fuck they're going to do.

It will create fuss around the league, hopefully Milan will make some big buys from other leagues rather than raid clubs domestically (like Lazio, Fiorentina, Sassuolo and Atalanta that have a number of talents to offer, such as SMS, Luis Alberto, Nico Gonzalez, Milenkovic, Raspadori, Scamacca, Frattesi, Ilicic, Pessina, Koopmeiners, Maehle etc). All these guys could be within their reach if they're willing to splash the cash. I'd much rather they focus on PL and Liga players, or even PSG rejects.

If they go after Chelsea, Liverpool or Man Utd players it will increase Serie A's profile in the investment world (funds mainly focus on the PL cause they're mostly American, that's what they know to watch and that's what's typically 'value investing' in football) which could lead to better tv and sponsorship deals. Hopefully it makes someone else decide it's a good idea to rival this new fund as an Inter owner.

The finances are not exactly comparable as others have stated. They're in a better position only because of their sporting situation. We were in a similar position for 3-4 years but didn't manage to secure extra revenue or do good on the pitch and no one wanted our players, while we kept overpaying them. They handled it better and they got lucky that Juventus shot themselves to the foot once Agnelli stopped receiving the Elkann benefits as they relied on FIGC's influence and Cristiano more than anything else.


On the other hand, Milan going for the rumored billion may be bad news if Suning assumes that Inter should be valued much higher and demand 1.5bn or something crazy like that.

I'm very curious to see how the summer mercato plays out. We're on the verge of offloading almost all big contracts, have made a self-imposed individual player cap, we still need to make a couple of important sales on top of cutting costs.

If we're not selling Lautaro or Barella (along with De Vrij who also doesn't want out but he's a goner), we'll need to find the funds from somewhere.

Selling De Vrij (~30) Dumfries (25?), Hakan (~35), Sensi (~10), Gagliardini (~10), Radu (~10) and maybe someone like Darmian (~5) could do the trick, on top of offloading Sanchez (-4m), Vidal (?), Dzeko (?), Vecino, Kolarov, Ranocchia (?) and Cordaz would require at least 10 new players in which would add costs but perhaps reduced to a large extent. So far the only confirmed signing is Onana who will earn slightly less than Handanovic's current salary and we're hoping that Handa will stay with a reduced salary, which would still far exceed Radu's current deal. Perisic's situation is still unknown. We're trying to get him to stay with a slightly reduced deal, yet he has offers for a pay raise from abroad. I'll assume he stays with the same salary for the sake of it.

That's around 125m in sales, 120 if we cancel out the Sanchez termination, with Dzeko and Vidal leaving being a slight mystery thus far as there's no confirmed cancellation clause. But even assuming that it's 5m each, we go to ~110m from sales, without considering Lazaro and Dalbert possibly leaving as well on a full transfer, so let's pretend it goes back to 120m. We allegedly need 60-70m in capital gains but we'd still need something to finance all these replacements. Probably Hakan stays if there's a chance as there's no point from a sporting perspective to let him go, but since he's pure plusvalenza it'll be intriguing.
Excluding Hakan leaving (ie 35m and a gross salary of 9.3m), we're freeing up 60m out of a total of 150m in our salary budget.
Leaves us 90m expenditure with a salary budget of 40m (to reach 130m total) for around 10 players. So the likes of Onana (5.5m gross), Bremer (5.5m gross), Dybala (20% chances, 12m gross), Scamacca (5m gross), Frattesi (4m gross) costing around 32m, plus the remaining 8m for two right backs (maybe Lazzarri and some cheap gamble transfer) and some roster fillers that could be Primavera guys (Esposito, Satriano, Agoume, Salcedo, Vanheusden, Pirola, Stankovic etc).
If Hakan goes, we'll have 10m more to spend but would need an adequate replacement. Someone like Aouar, Fabian Ruiz, Jorginho etc who won't be easy to bring over.


There's no player I'd like to see leave to be honest. Specially not those who can fetch over 50m (Lautaro, Barella, Skriniar, Bastoni, Brozovic). If anyone else manages to be a 50m transfer, I'll pack him myself.
We're finally getting free of significant amortization costs, so this should be the last summer we're having this kind of shit, as long as we maintain this sporting level (minimum of Top 4 finish + advance in CL) and not replicate the stupidity of offering big money and contracts to players who aren't up to the standards over the course of their contract (like Dzeko and Vidal).


The situation feels manageable but ownership is forcing the hand of management to come up with some quick cash and that means Barella or Lautaro to be sacrificed. Hopefully Marotta isn't as trigger happy as he always is and decides to take a more rational approach. In the meantime, the Milan deal hopefully closes soon, driving the new stadium situation before July and forcing Suning's hand in whatever way plausible.

The main problem is that we cannot replace any big sales. We've felt this last summer. The next one will be even worse. If we sacrifice our team's future for the bottom line of a financial season, we may regret it for a decade as it may be the start of a new banter era.
 

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The main problem is that we cannot replace any big sales. We've felt this last summer. The next one will be even worse. If we sacrifice our team's future for the bottom line of a financial season, we may regret it for a decade as it may be the start of a new banter era.
This is what I've been saying for ages. Thankfully, we were so far ahead of the competition last season that we remained competitive even after our forced downsizing - thanks largely in part to our competitors not strengthening significantly either.

Obviously though, there's only so many times you can get away with such shit. If we're repeatedly faced with these requirements from Suning: "raise €60m from player sales and reduce wage bill by 15%", we're going to become a midtable team in a matter of 2 or 3 years. No team can operate under such restrictions and expect to maintain a competitive position in the league. It's a fucking joke of a situation.

There's no question this upcoming mercato is incredibly crucial and needs to be extremely busy, but I think you've projected too much activity to be realistic. There's only so many hours in a day and I just don't get the impression that management are putting in overtime if you know what I mean.

Specifically, I think Dzeko isn't going anywhere. I would wager we're more likely to offer him an extension, spreading his wages, than terminate his contract (e.g. 2 years of €3.5m instead of 1 year at €5m). Sanchez though, seems a goner. Vidal will be let go for sure, Vecino too.

We're historically incompetent as fuck when it comes to selling though. Plus, due to our impoverished state (and Marotta's natural tendency to be miserly) it takes us fucking forever to complete a purchase trying to save every last penny. Even if we had all your hypothetical offers for those players you listed, we still wouldn't be able to close them all and purchase replacements. I swear our lawyers wouldn't be able to process the paperwork in time :lol:

Also, I know this question was asked a few times last season (when we went through this exact same shit) but do we know for sure that the required €60m needs to be capital gains? I was under the impression it was simply cash that we needed, and that this cash would be spent on day-to-day club expenses, namely salaries.

All in all, this mercato is one of the most difficult to predict in memory. For one, we (the fans) have little clarity on this mystery €60m. I'm personally convinced that this requirement IS real, and that Suning has again placed this requirement upon us. There's also been unconfirmed reports of even fucking €100m, and that we would be allowed to reinvest 30% of that. For all the talks of Dybala and Bremer, until we understand for certain what the requirements are, it's difficult to predict anything, let alone the timeframes of any movement. Fucking Suning :palm:
 
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