Inter's Financial Situation

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Tuesday, September 26, there will be a meeting held by the #Inter Board of Directors to go over financial statements for the end of the 2023 fiscal year. This discussion will involve talks pertaining a potential offer made by Bahraini fund, Investcorp, for the acquisition of the club for €1.3B.
 

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Let's get Bahrain money.
 

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Let's get Bahrain money.

They aren’t a sugar daddy it’s an alternative investment fund the same type of company as Oaktree and those share many resemblance too Elliot management. They live by high risk investments, they don’t have the sort of liquidity to behave like a sugar daddy… I think you need to look up what this sort of company is.

Their goal is to clean up the club improve it’s market value and sell us on to another investment firm or private owner.
 
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Dave54

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They aren’t a sugar daddy it’s an alternative investment fund the same type of company as Oaktree and those share many resemblance too Elliot management. They live by high risk investments, they don’t have the sort of liquidity to behave like a sugar daddy… I think you need to look up what this sort of company is.

Their goal is to clean up the club improve it’s market value and sell us on to another investment firm or private owner.
Better than what we have right now, tbh.
 

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Better than what we have right now, tbh.
How so?
I m gonna get a lot of shit for this but considering the circumstances suning has done a splendid fucken job with Inter.....Yes we re losing players every summer and it sucks but fact of the matter is we sold lots of important players slashing our costs and our performance virtually stayed the fucken same...
Like remember when we did a similar thing after the trebble and our performance went to shit pretty much straight away? We re more than 2 year removed from conte and we re imho playing better football and the results are pretty much the same....

The difference between any kind of fund owning us and Suning is non existent.. It s an illusion if you think any fund would wipe out our debt(bonds) and the suning loan(oaktree) does not weigh that much on our financials. Any fund would strive to make this club run on break even and then sell it on so basically the exact same as suning is doing. Only difference is that suning kind of proved that they know what they are doing( leaving it to marotta) while a new owner might fuck it all up.
Our situation only changes if we get a sugar daddy who is rich as fuck and who only wants to win anybody whos in it for a financial gain will run the club just ike suning is running the club...

Edit: Also yes we re partially in this shit cause of suning... I m talking since the conte hiring...
 
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Mikele

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How so?
I m gonna get a lot of shit for this but considering the circumstances suning has done a splendid fucken job with Inter.....Yes we re losing players every summer and it sucks but fact of the matter is we sold lots of important players slashing our costs and our performance virtually stayed the fucken same...
Like remember when we did a similar thing after the trebble and our performance went to shit pretty much straight away? We re more than 2 year removed from conte and we re imho playing better football and the results are pretty much the same....

The difference between any kind of fund owning us and Suning is non existent.. It s an illusion if you think any fund would wipe out our debt(bonds) and the suning loan(oaktree) does not weigh that much on our financials. Any fund would strive to make this club run on break even and then sell it on so basically the exact same as suning is doing. Only difference is that suning kind of proved that they know what they are doing( leaving it to marotta) while a new owner might fuck it all up.
Our situation only changes if we get a sugar daddy who is rich as fuck and who only wants to win anybody whos in it for a financial gain will run the club just ike suning is running the club...
I agree totaly with you. Fund is interested only to make money for their investors. That is the base of their exsistence. Every fund is going to suck your blood until the last drop.
 

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How so?
I m gonna get a lot of shit for this but considering the circumstances suning has done a splendid fucken job with Inter.....Yes we re losing players every summer and it sucks but fact of the matter is we sold lots of important players slashing our costs and our performance virtually stayed the fucken same...
Like remember when we did a similar thing after the trebble and our performance went to shit pretty much straight away? We re more than 2 year removed from conte and we re imho playing better football and the results are pretty much the same....

The difference between any kind of fund owning us and Suning is non existent.. It s an illusion if you think any fund would wipe out our debt(bonds) and the suning loan(oaktree) does not weigh that much on our financials. Any fund would strive to make this club run on break even and then sell it on so basically the exact same as suning is doing. Only difference is that suning kind of proved that they know what they are doing( leaving it to marotta) while a new owner might fuck it all up.
Our situation only changes if we get a sugar daddy who is rich as fuck and who only wants to win anybody whos in it for a financial gain will run the club just ike suning is running the club...

Edit: Also yes we re partially in this shit cause of suning... I m talking since the conte hiring...
Yeah you are not wrong. It's basically Zhangs who put all that money to Inter to begin with to get to the high point of winning the Scudetto. External circumstances then destroyed that (COVID and China policy), they couldn't support Inter anymore as much as was planned.

I agree that new owner MOST PROBABLY won't be any better when it comes to financial side. It's unknown at this point, but biggest probability is the new owner comes to this racket for the money. Zhangs were never in it for the money, but for some influence in Europe which then failed tremendously as China backed off from that policy (maybe it was also to park some of their assets to Europe, out of China?). And it will be close to impossible to actually make money out of football in Italy. At least with these valuations we're seeing here, it means player trading to get the books in order every year.

Shitbird on the other side of the city already showed their thing, selling Tonali out of all player with their moneyball strategy, throwing the football people the fuck out. I know Marotta will be probably gone in 2025 after the management's contracts expire but I dearly hope we keep hold of Ausilio after that no matter who owns Inter.
 

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Better than what we have right now, tbh.

I would hold on to that thought just for a moment.

Investcorp only interest is to create profit and draw resources out in cases Inter can generate a profit. Investcorp interest in Inter is because they can see a potential in selling us on with a fat profit, those their entire interest is down to the clubs market value and results are those only of interest too them because of that… It’s completely different to Suning.

They aren’t going to invest or pay out the clubs debt unless it comes back to them tenfold.

Unlike Suning they have one focus and that is profit. Their goal is to make rapid performance improvement which embodies a business and investment-portfolio management, risk assessment, accounting, slimming, modernization and make company structure more efficient, introducing grow rate. They are very good at increasing the worth and capabilities, fulfilling unfulfilled potential etc.

Fundamentally they run Inter as it was any other company

Translated in football it means if a given player can be sold at high price he is out the door and replaced with a player with a high profit potential. Players will be entirely looked at as investment objects that generate cash flow, when reaching a certain value they will be sold regardless of their importance.

Meaning Martinez, barella and Bastoni are at high risk to all be sold as their reaching their max market potential.
 
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RickyMaravilla'sRightFoot

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The grass isn’t always greener but this asset has been a major headache for Suning ever since COVID hit. They’ve done a respectable job given the circumstances but it doesn’t change the fact that owning inter right now is a problem for Suning.

I don’t mind us becoming profitable. It needs to happen anyway. I just hope we make savvy sporting decisions along the way. I don’t need a sugar daddy owner who will make a spectacle trying to sign Mbappe every summer. Just give me an ownership with enough capital who know the right people to put in charge. On that note, I think it’s important that Ausilio stays on and also Zanetti in his ceremonial role. The biggest mistake a new ownership could make is cleaning house. Of course there would be changes in personnel but they need to trust people who know the lay of the land.
 

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The grass isn’t always greener but this asset has been a major headache for Suning ever since COVID hit. They’ve done a respectable job given the circumstances but it doesn’t change the fact that owning inter right now is a problem for Suning.

I don’t mind us becoming profitable. It needs to happen anyway. I just hope we make savvy sporting decisions along the way. I don’t need a sugar daddy owner who will make a spectacle trying to sign Mbappe every summer. Just give me an ownership with enough capital who know the right people to put in charge. On that note, I think it’s important that Ausilio stays on and also Zanetti in his ceremonial role. The biggest mistake a new ownership could make is cleaning house. Of course there would be changes in personnel but they need to trust people who know the lay of the land.
Counter point is it?
Comparing to the shit show that suning is and their other holdings inter is golden... Like chinese data is hard to find but i m quite sure inter is their most valuable asset... like their both valued around 1 bio to 1.4 bio with the difference that the zhangs own 70% of inter while they hold around 25% of suning....(not entirely accurate as data hard to get)
Also you re pretty much describing thezhangs in the second part of your post... if it was not for that oaktree loan
Also whats enough capital and if the owner injects said capital ito the club how is it not a sugar daddy?
 

RickyMaravilla'sRightFoot

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Counter point is it?
Comparing to the shit show that suning is and their other holdings inter is golden... Like chinese data is hard to find but i m quite sure inter is their most valuable asset... like their both valued around 1 bio to 1.4 bio with the difference that the zhangs own 70% of inter while they hold around 25% of suning....(not entirely accurate as data hard to get)
Also you re pretty much describing thezhangs in the second part of your post... if it was not for that oaktree loan
Also whats enough capital and if the owner injects said capital ito the club how is it not a sugar daddy?
It might be their most valuable asset for all I know but it’s expensive and bleeds money year after year.. And the oaktree loan is very significant, especially with the only option seeming to be refinancing it.

I would say enough capital is not being forced to sell a player every season to make loan payments on our debt. If we sell a player because the offer makes sense and we have a plan for how to reinvest it, sure, but not out of necessity just keep the lights on. Enough capital to be able to front some money for Frattesi so we don’t have to panic sell Brozovic for less than the previously agreed price just to close the deal. Right now we have 0 liquidity.
 

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The grass isn’t always greener but this asset has been a major headache for Suning ever since COVID hit. They’ve done a respectable job given the circumstances but it doesn’t change the fact that owning inter right now is a problem for Suning.

I don’t mind us becoming profitable. It needs to happen anyway. I just hope we make savvy sporting decisions along the way. I don’t need a sugar daddy owner who will make a spectacle trying to sign Mbappe every summer. Just give me an ownership with enough capital who know the right people to put in charge. On that note, I think it’s important that Ausilio stays on and also Zanetti in his ceremonial role. The biggest mistake a new ownership could make is cleaning house. Of course there would be changes in personnel but they need to trust people who know the lay of the land.
I just want to be clear...

We are not owned by Suning the retailer

we are owned by Zhangs and their family vehicle

So if your argument is that, e.g., Inter is a distraction for Suning the retailer, I dont think it is.
 
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Adriano@10

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It might be their most valuable asset for all I know but it’s expensive and bleeds money year after year.. And the oaktree loan is very significant, especially with the only option seeming to be refinancing it.

I would say enough capital is not being forced to sell a player every season to make loan payments on our debt. If we sell a player because the offer makes sense and we have a plan for how to reinvest it, sure, but not out of necessity just keep the lights on. Enough capital to be able to front some money for Frattesi so we don’t have to panic sell Brozovic for less than the previously agreed price just to close the deal. Right now we have 0 liquidity.
But my point is unless you do get a sugar daddy that is our current situation...... Like a new owner would have to invest like 50mio per year in order to keep us afloat without generating plusvalenza from players sales....( or inject some 200 mio on top of the buying price)
While inter is expensive and bleeds money it is the Zahngs only asset that has gained massively in value since they took over.... In the same time they were forced to sell a major stake in suning and got basically worthless evergrande bonds for it......
It also is their only asset where seemingly the CCP cannot Intervene otherwise we d already be sold.
Last but not least i d argue that with suning we re currently on the way to exactly what you are wishing for, we ve cut our losses from like 245mio in 2020 to something around 70 (pre players sale) last season....

Dont get me wrong i would love a owner who just comes in and retires most of our debt so that we re basically at break even from the get go i just dont think thats a realistic expectation.....
Basically what i m trying to say it could get a lot worse than the Zhangs owning us, and most of this forum expects things to get drastically better from the moment a new investor shows up and I just dont think thats the case. Even if you get a sugar daddy it could be completly clueless people like you se now at chelsea
 
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Inter Milan are on track to achieve their target of financial statements, but must make further improvements to meet UEFA targets
A key matter for Inter has been to ensure that financial losses fall within the limits allowed for by UEFA’s Financial Fair Play regulations.

The club have successfully met the terms of their settlement agreement with European football’s governing body. But that is only the case for the most recent fiscal year.

UEFA have been rolling out retooled Financial Fair Play regulations over a period of five years, beginning in 2021. The governing body have gradually lowered the amount of losses that clubs can record over that period.

And so for the most recent set of accounts, Inter fell within the terms of their settlement agreement. €85 million in losses was acceptable per the terms of the agreement for the fiscal year ending in 2023.

But for the 2023-24, 2024-25, and 2025-26 sets of accounts, things will be difficult. Over that three-year period, the total losses cannot exceed €60 million.
And starting with the next set of accounts, losses in a single fiscal year must be below €30 million.
Buckle up!
 

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Yeah it's gonna be tough. Zhangs or new owners need to recapitalize OR we sell more and more assets and throw ourselves into a death spiral. Good thing for this fiscal year is we have 132m worth of sales, including Onana+Brozovic plusvalenza booked already, among other plusvalenza sales (Pirola, Colidio, Fabbian plusvalenza).
 
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Yeah it's gonna be tough. Zhangs or new owners need to recapitalize OR we sell more and more assets and throw ourselves into a death spiral. Good thing for this fiscal year is we have 132m worth of sales, including Onana+Brozovic plusvalenza booked already, among other plusvalenza sales (Pirola, Colidio, Fabbian plusvalenza).

Also haven't we reduced wage bill significantly?
 
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