Inter's Financial Situation

Il Drago

Moderator
Moderator
Joined
Dec 21, 2015
Messages
18,429
Likes
24,991
Favorite Player
Wesley Sneijder
Best Football Poster

Inter reveal missed payments from shirt sponsor DigitalBits​



Inter published their latest financial results for the second half of 2022 on Tuesday afternoon when it was revealed one of the club’s main sponsors is behind on their payment.

The Nerazzurri’s media company “Inter Media and Communication S.p.A.” announced that Zytara Labs, the parent company of shirt sponsor DigitalBits, hasn’t fulfilled their payment obligation for the shirt sponsorship originally signed in 2021.

“Revenues already contracted for 2022/23 are in the region of €50 million. This also benefits from new contracts recently signed with eBay (sleeve sponsor) and LeoVegasNews (front of training kit),” read their statement.

“Though, this excludes the main jersey sponsorship contract currently in place with Zytara Labs LLC for €24 million fee plus bonus due to current uncertainty in respect of the ability of the partner to pay the due amounts (ability significantly affected by the current crisis in the cryptocurrency sector).”

Calcio e Finanza report they also haven't paid Serie A and Coppa Italia bonus of 1.6m from 2021/22
 

CafeCordoba

Moderator
Moderator
Joined
Mar 7, 2004
Messages
32,714
Likes
9,461
Favorite Player
Toro, Barella
10 years of FIF
Grande

I still don't get it why they keep paying to Roma but we get NOTHING.
 

Il Drago

Moderator
Moderator
Joined
Dec 21, 2015
Messages
18,429
Likes
24,991
Favorite Player
Wesley Sneijder
Best Football Poster

Inter Milan Owners Suning Inject €10M Into Nerazzurri In The Form Of Shareholder Funding, Italian Media Report​


Inter owners Suning have made a cash injection of €10 million into the Nerazzurri in the form of shareholder funding.

This according to Italian football finance news outlet Calcio e Finanza, who report that the money will be used to cover operating costs at the club and has been taken out of the loan that Suning took out from US-based fund Oaktree Capital in 2021.

Calcio e Finanza report that Suning have been injecting cash into the Nerazzurri using money from the roughly €300 million loan from Oaktree, with €60 million reported in last December’s financial reports, which cover the fiscal year ending in June 2022.

In addition to these, €75 million was disbursed into the club in the form of shareholding funds in 2021, according to Calcio e Finanza.

Now, the outlet reports, Suning have made the first cash injection into Inter of 2023, coming in the form of a €10 million shareholder funding payment through Suning’s Luxembourg-based holding company Grand Tower, which has been taken out of the Oaktree loan.
 

Adriano@10

Allenatore
Allenatore
Joined
May 22, 2004
Messages
8,766
Likes
1,557
Favorite Player
Oba
10 years of FIF
Grande

I still don't get it why they keep paying to Roma but we get NOTHING.
Well they can either be dragged in court by two clubs inter and roma or they just get sued once inter...

As i said prior to us signing with them they dont have the money to fullfil these commitments (especially not in a bear market) with Zytara it s even questionable if they could pay if they pulled a FTX and made no difference between their capital and their users deposits...
The real question here is why the fuck pur mgm did not insist on pre payment... Like many american sports teams did when dealing with these crypto frauds,,,

The thing that is pissing me off beyond anything is that we are still sporting them on our shirts...
I know probably for some legal reason (so that we dont breach contract) but still
 

Helenio Herrera

Prima Squadra
Prima Squadra
Joined
Jun 14, 2019
Messages
917
Likes
603
Favorite Player
Cambiasso
What a lovely fucking contract that is.

They don't uphold their end, but we have to uphold ours.

Proper dealmaking that.
 

DARi0

Allenatore
Allenatore
Joined
Mar 20, 2007
Messages
9,998
Likes
3,645
Favorite Player
Hakimi
10 years of FIF
Inter confirmed on Tuesday that their shirt sponsor DigitalBits hadn’t paid a penny of their sponsorship fees for the current campaign.
“There are no further updates, I want to highlight that the club is looking for a new partner and we are in advanced talks with several subjects,”
“These negotiations are demanding in terms of time, but we are confident that we’ll have a new shirt sponsor for next season.” - Alessandro Antonello
Zhang`s next move? Take another credit on say 14% interest rate to cover for the current one on 12% :einstein:
 

DARi0

Allenatore
Allenatore
Joined
Mar 20, 2007
Messages
9,998
Likes
3,645
Favorite Player
Hakimi
10 years of FIF
The €10m lifeline came out of a €300m loan from the asset management firm Oaktree Capital. Of that €300m, it is believed that only around €90m still remains available.
Inter have been receiving considerably less money from their sponsorship partners in China compared to recent seasons.

The contract for the naming right of the club’s Pinetina training ground has been vacant since Suning terminated their own deal on June 30, 2022. It is estimated that Inter’s income from the region of China has fallen to around €2m.

At the height of their partnerships between 2016-19, Inter were collecting around €100m per season from Chinese sponsors.
And it is not only DigitalBits who have fallen through on their financial commitments!

Chinese digital marketing agency IMedia paid the Nerazzurri just €150,000 of their agreed fees of around €23m.
 

DARi0

Allenatore
Allenatore
Joined
Mar 20, 2007
Messages
9,998
Likes
3,645
Favorite Player
Hakimi
10 years of FIF
Italian business newspaper Il Sole 24 Ore: Inter and AC Milan are missing out on around €60 million each for every season that they do not build a new stadium to play in instead of the San Siro

Italian journalist Marco Barzaghi: Turkish Airlines are offering Inter a four-year main shirt sponsorship deal worth around €25 million per season +
the use of their planes for matchday travel by the team.
Barzaghi explained the situation, noting that “As far as the Digitalbits situation, nothing has been paid, neither the €24 million this year nor last season’s performance-related add-ons.”

“The club will take legal action, and in any case the logo will remain on the shirts until the end of the season, barring any surprises,” he continued.

“There’s Turkish Airlines in the picture, but we’ve been informed there are big potential American and Arab companies.”
Finally a decent proposal. Now let`s see the other offers.
 

Corrode

Capitano
Capitano
Joined
Oct 23, 2021
Messages
1,504
Likes
1,278
Favorite Player
Vieri
Inter confirmed on Tuesday that their shirt sponsor DigitalBits hadn’t paid a penny of their sponsorship fees for the current campaign.

Zhang`s next move? Take another credit on say 14% interest rate to cover for the current one on 12% :einstein:
take another credit by what? sell zhang's lamborghini? 🤣 🤣 🤣
 

Helenio Herrera

Prima Squadra
Prima Squadra
Joined
Jun 14, 2019
Messages
917
Likes
603
Favorite Player
Cambiasso
€25m is very decent right? How much does Milan make? Still far away from the top ten.

Most%20Valuable%20shirt%20sponsors%2022-23%20onwards%20%284%29.jpg


Looking at this, we should make at least around €35m.
 

Ethor

Allenatore
Allenatore
Joined
Feb 8, 2019
Messages
5,841
Likes
5,195
Favorite Player
Gone 2023
Forum Supporter
Let's take a moment and embrace the birthday of a certain Mr. Ponzi, seems appropriate 😉.
 

Il Drago

Moderator
Moderator
Joined
Dec 21, 2015
Messages
18,429
Likes
24,991
Favorite Player
Wesley Sneijder
Best Football Poster

Inter Milan's Bond At Risk Of Being Downgraded From B Rating Whilst Rating of Liquidity Improves, Italian Media Detail​


Inter’s bond is at risk of being downgraded from its current rating of B, whilst the rating of liquidity at the club has improved in the most recent assessment.

This according to Italian football finance news outlet Calcio e Finanza, who report that the Nerazzurri’s bond remains rated at B, but that it could be lowered with the situation with shirt sponsor DigitalBits’ ongoing nonpayment a particular issue.

Inter’s bond is rated by global credit rating agency Standard & Poor, who have put a B rating on the Nerazzurri’s bond at present.
This rating is indicative of the situation with the club’s bond being “highly speculative.”

According to Calcio e Finanza, S&P’s assessment consider the bond to be at some risk of downgrading from this, with the fact that the club has yet to receive any payment from DigitalBits one of the major reasons, given the expected revenue not received.

Meanwhile, the assessment of operating liquidity at the Nerazzurri by S&P has improved, with the agency noting that the one particular risk would come from the refinancing of the bond in 2027.
 

DARi0

Allenatore
Allenatore
Joined
Mar 20, 2007
Messages
9,998
Likes
3,645
Favorite Player
Hakimi
10 years of FIF
Inter are close to announcing a new commercial partnership with US-based financial services company Ria Money Transfer
FCInterNews report that the Nerazzurri should make the official announcement of the partnership within the next few days, and that the company’s logo has already appeared on the LED displays at the San Siro.
Finally some good news. Antonello on a mission to save his job!
 

DARi0

Allenatore
Allenatore
Joined
Mar 20, 2007
Messages
9,998
Likes
3,645
Favorite Player
Hakimi
10 years of FIF

INTER DIRECTORS SURPRISE FANS FLYING TO PORTO WITH LOW-COST FLIGHT​

Inter directors Beppe Marotta and Alessandro Antonello were busy in a Lega Serie A meeting on Monday, so they reached the team in Porto with an EasyJet flight full of Nerazzurri supporters.

La Gazzetta dello Sport reports club directors could not fly to Portugal on Monday afternoon with the team because they were attending a Lega Serie A meeting in Milan.

For this reason, they had to reach Portugal on Monday evening with a low-cost flight full of Inter fans heading to the Iberian Peninsula, where Simone Inzaghi’s men visit Porto at the Estadio Do Dragao tonight.

Inter President Steven Zhang had travelled to Porto with the team along with sporting director Piero Ausilio and Dario Baccin. Marotta and Antonello joined them on Monday night.

According to the report, the flight was 40 minutes late, but having Marotta and Antonello on the same plane helped Inter fans to kill time with selfies and pictures alongside the pair.
Just another confirmation of how in debt this club is.
 

.h.

Part time Lazarus
La Grande Inter
Joined
Jun 8, 2005
Messages
27,065
Likes
4,443
Favorite Player
Inter1-0Wanda
Old username
browha
Forum Supporter
10 years of FIF
bro if we lose this team so shit no one can carry them
 
Top