Inter's Financial Situation

sdvroot

Capitano
Capitano
Joined
Oct 2, 2017
Messages
2,504
Likes
3,015
Favorite Player
Wálter Samuel
So we start transfer compaign from minus 70)
 

Capo

Prima Squadra
Prima Squadra
Joined
Apr 22, 2019
Messages
867
Likes
541
So how are we structured different to Bayern?
Is it solely more sponsors? I mean for some reason they're still in a position to spend 100M every summer. Do they own their own stadium etc?
 

.h.

Part time Lazarus
La Grande Inter
Joined
Jun 8, 2005
Messages
29,234
Likes
7,252
Favorite Player
Inter1-0Wanda
Old username
browha
Forum Supporter
10 years of FIF
So how are we structured different to Bayern?
Is it solely more sponsors? I mean for some reason they're still in a position to spend 100M every summer. Do they own their own stadium etc?
they own their own stadium, they focus very heavily on commercial revenues (e.g. not just sponsorship but merchandising/sales of t-shirts/etc), some good talent development as well.

Other people will highlight the ownership model 50+1 - e.g. its not majority owned by any company/individual, but the supporters club. I think this helps but isnt a big driver in the profitability of Bayern, though I might be wrong.
 
  • Like
Reactions: rfU

Adriano@10

Allenatore
Allenatore
Joined
May 22, 2004
Messages
9,546
Likes
2,462
Favorite Player
Oba
10 years of FIF
So how are we structured different to Bayern?
Is it solely more sponsors? I mean for some reason they're still in a position to spend 100M every summer. Do they own their own stadium etc?
On top of what H said if i remember correctly Bayern has always been run as a self financing club.... So they never overspent like crayze and were dependent on ownership to cover the losses.
As much as i love moratti for what he did for this club during his ownership period we completly ruined our finances as we had a rich sugar daddy that would cover any potential losses anyways. Hence our focus during that time was not on increasing revenues or on becoming a more financial sustainable entity we simply did not care about money.
This imho is true for a lot of Italian clubs in the 90s early 00s and probably all of serie a, which i guess is also part of the reason why our whole league is so weak financially.
 

brehme1989

La Grande Inter
La Grande Inter
Joined
Jan 17, 2005
Messages
34,403
Likes
17,027
10 years of FIF
Nostradamus
Most Passionate Member
Bayern is owned at a 75% by its ~300,000 club members (number could have been 300 or 3,000,000), which used to be around 85% until a decade ago.
The rest is split evenly between Allianz, Adidas and Audi at around 8.33%.

The reason why Bayern doesn't implode is exactly because their fans are in control. It's not a matter of being the only superpower in Germany. They're that because of their consistentcy since the 80s after they emerged as a top power in the mid 70s. No other club in Europe has been as consistent.
The German league is quite similar to the French league but they did not have a breakway power. PSG was supposed to be that but its young history and early controversies with the merger didn't allow them to take off and when they finally did in the 90s there was still a lot of domestic competition (similar to Germany in the 2000s).


The 50+1 isn't a panacea. For Bayern it works because there's a ton of members. Same for Barcelona and Real Madrid. And for the Portuguese big clubs. For other (German) clubs it just cannot be the case because they're not backing their club the right way all the time. Schalke, Werder, Stuttgart, Hamburg etc have very similar concepts to Bayern but just cannot manage to stay afloat. Bayern just has the it factor as well, because they grew into it. They are the backbone of the German national team, a very healthy club, great atmosphere and every German player wants to play there.
It's like playing for the Lakers in the NBA. It's an iconic experience. You don't have another country in Europe where this is the case. And when you do have this appeal by some clubs, there's always a fierce rival that invokes the same feelings to someone else. Along with the negative ones towards you (ie Real vs Barcelona, or Inter vs Juventus vs Milan etc).

The business side of this stems from all this.
But the most important factor is the Germany factor. It's one thing to be part of the German economic system and another to be in south Europe. It's one thing to play in the Bundesliga where most stadiums are sold out up to possibly the 3rd tier and another to play in countries where tickets are neither expensive nor attractive to fans unless there's a big game in town. And the other vital thing is that the German football model embraces playing German/domestic players. This is something France does as well. People care less when the players aren't from around. They're still going to casually watch their team, but not as much. And not nearly as much interest. Unless said team is winning of course.
And please don't use the PL as a counter example. It caters to foreign tv audiences, it caters to tourists and the only reason it sells out is because the domestic crowds have some sort of cultist attraction towards the sport. It's a sell out completely and not a role model. Germany on the other hand...
 

varmin

Allenatore
Allenatore
Joined
Dec 23, 2014
Messages
9,341
Likes
8,834
Forum Supporter
Most Improved Member
If we win the scudetto surely the saudis will buy us
I saw a post, where the brother of the prince of Saudi Arabia congratulated Inter for winning of the Coppa. Could be a fake anyway.
 

Adriano@10

Allenatore
Allenatore
Joined
May 22, 2004
Messages
9,546
Likes
2,462
Favorite Player
Oba
10 years of FIF

Capo

Prima Squadra
Prima Squadra
Joined
Apr 22, 2019
Messages
867
Likes
541
Why i think we should run from socios and find new sponsors..

Also Luna/terra labs is/was sponsoring the nationals....thank god they paid the full amount in advance.
But we really dont want such a shit show to happen to us mid season.
I sold 40% of my luna at hihi only a month or two at a price point of $160 AUD, now it's not worth the cents on the dollar.
Easy come, easy go.

Anyway, are linked to any buyers? Hoping a shark is in the waters waiting to pounce, its also a good thing Milan is being bought because it just adds to the spectacle ala Manchester but with real history and prestige.
 

TheNetworkZ

Allenatore
Allenatore
Joined
Mar 13, 2012
Messages
8,472
Likes
2,548
Favorite Player
The Bro
10 years of FIF
No. Why would anyone be interested after seeing others being turned away due to a ridiculous 1bn asking price?
 

.h.

Part time Lazarus
La Grande Inter
Joined
Jun 8, 2005
Messages
29,234
Likes
7,252
Favorite Player
Inter1-0Wanda
Old username
browha
Forum Supporter
10 years of FIF
I think with the markets the way they are right now our price should notionally drop. Debt financing is getting more expensive with increasing interest rates, and certainty in the market is dropping rapidly. I don't want to speculate on either if we are going to be sold or at what price, though.

The suning position is surely harder to maintain right now too, covid is not over yet for them obviously but the general backdrop of normal is no longer real
 

Jane The Virgin

Capitano
Capitano
Joined
Aug 30, 2010
Messages
4,147
Likes
797
Favorite Player
Barella
Old username
the dude
10 years of FIF
I have this feeling that even with our own stadium (just ours, not co-owning it with Milan), we will still find some drama about always running on loss.

Your own stadium is roughly - how much in profit? 35, 40 millions a year? The logic behind "our stadium will save us" is flawed. Requires us to build our own stadium in each and every city where we go and play as guests.

It's always something... First it was "we don't play i Europe and don't have revenue", then it went to the most ridiculous thing ever called FFP (which some people pretended to get it and elaborated in 50000 word essay), then it was TV rights, then it was "we need to sell in order to buy", then luckily for our directors covid hit so they could hold on to something, and now it's the stadium.


Stadium or no stadium. It's gonna be like this until the owners decide that you need to spend super big, to actually win, and get your brand recognized world wide.
 

.h.

Part time Lazarus
La Grande Inter
Joined
Jun 8, 2005
Messages
29,234
Likes
7,252
Favorite Player
Inter1-0Wanda
Old username
browha
Forum Supporter
10 years of FIF
So, my personal view, I do think we will over-estimate the impact of a stadium - if you look at Juve's matchday revenue, its actually pretty close to what Inter make right now. Of course our new stadium would be a larger capacity, etc, than theirs - but I think expecting a +35-40mil uplift from the stadia is naive personally. I guess the lack of paying rent may help a bit, too, but that's only a small impact.

The thing is, for 400mil (each), +35 mil isnt actually that great an investment in many ways.

The problem with our financial situation is that to get the CL revenue, we of course need to spend like a CL club. Our revenue now is way higher than it was 5 seasons ago, but so are our costs, so exactly as expected, being in Europe has increased the amount of money we can spend - the problem is we're still paying for some poor decisions that keeps us financially unhealthy (Dalbert, Lazaro, Correa, Vidal, etc)


There are some things that we can change (wages, amortisation basis, our sponsors, even our stadium, etc), but there are some things italian football and italy as an economy needs to systematically change - like the league's international presence, TV rights, etc.



If, over the last 5 years, we executed perfectly and didnt have bad signings, etc, we would probably have been about break-even before COVID


You need to spend big, but you also need to do it on a sustainable basis. By sustainable, I dont mean 'decrease costs to match revenue', but 'increase revenue to match costs'.
 

.h.

Part time Lazarus
La Grande Inter
Joined
Jun 8, 2005
Messages
29,234
Likes
7,252
Favorite Player
Inter1-0Wanda
Old username
browha
Forum Supporter
10 years of FIF
that oil money is what got us into this mess in the first place :D

its fine when you're there, but as soon as the owners lose interest/pull the plug/etc, you're fucked.
 

Capo

Prima Squadra
Prima Squadra
Joined
Apr 22, 2019
Messages
867
Likes
541

With inflation, and interest rates being raised across the world any loan to refinance debt would be harder for Suning.

Without going into their books it seems like they going to be in a world of hurt. Either players would be sold or the club but a fire sale sure looks to be close on the horizon.
 
Top