Inter's Financial Situation

[CafeCordoba]

Thanks man, I was really happy with the financial deep down. We need to ask Bernhard to come in later too when things unfold more with the Oaktree deal.

 

[Stefan]

Very good episode

 

[CafeCordoba]

Okay, let's break down the Nike deal a bit here. It's reported to be 21m€ base fee + team perf bonuses.

On top of that, we've bought the merchandising from Nike at 2019 for 6m€. So all the revenues from the kits, Nike clothes and shit comes to our bank account. Last season 22/23, our revenues from merch was 13.5m€. Production costs were 3.5m€, so the profits were 10m€.

That makes the Nike deal pretty okay for us, given we get 21m€ base fee + 10m€ from merch + any team perf bonuses on top. That's already more than what Puma pays to Milan (30m€). Since that Puma deal includes all the merch so Milan isn't getting extra revenues from the sold merc (same deal as what Juve has with Adidas)

Gazzetta is reporting now that our revenues from Nike merch this season would be around 24m€. If we calculate the production costs with the same ratio, they would be around 6m€. So 18m€ profit on merch. If these numbers are anywhere near the truth, we're closing 40m€ from our kit provider which isn't all too bad at this point of this club's evolution IMO.

 

[Adriano@10]

Inter, ricavi in crescita del 35%: primo semestre in utile di 22 milioni

Il fatturato del club nerazzurro al 31 dicembre 2023 in crescita a 265 milioni di euro spinto da mercato, diritti tv e sponsor.

www.calcioefinanza.it

As i ve said multiple times the vast majority of the italian press knows nothing..
Our finances dont look that bad after all

 

[CafeCordoba]

Estimate is 25m loss this season. Which is considerably better than 85m loss last season.

However this season will include Onana and Brozovic sale profits. Better CL revenue and added CWC revenue next season should cover something but still, the case is we cannot reinforce the squad without sales.

But even this season includes 100m injection from Zhangs (shareholder loan turned to equity).

 

[ADRossi]

Inter, ricavi in crescita del 35%: primo semestre in utile di 22 milioni

Il fatturato del club nerazzurro al 31 dicembre 2023 in crescita a 265 milioni di euro spinto da mercato, diritti tv e sponsor.

www.calcioefinanza.it

As i ve said multiple times the vast majority of the italian press knows nothing..
Our finances dont look that bad after all

The only question is whether we can continue to build a competitive squad via free transfers. I tend to believe the answer is yes, as more and more players see the appeal of getting to free agency.

A new stadium wouldn't hurt either!

 

[Puma]

Can we stop advertising betting companies? This is not the most ethical thing to do and I know some people who ruined their lives because of their betting addiction. As Inter we should strive to make the world better not worse

Says the Bloke with a Joseph Stalin avatar.

Not bad thanks!

 

[Adriano@10]

Oaktree non chiude: più tempo a Zhang per trattare, a due condizioni

Il private equity sarebbe disponibile a rifinanziare, a fronte di ulteriori garanzie e alla prospettiva concreta di individuare un nuovo investitore.

www.calcioefinanza.it

And another one Oaktree open to refinance/ give the zhangs more time... Yes it would come with conditions still
Ialian sportspress knows nothing

 

[DARi0]

I came here to share the same update..

So far Oaktree have been resilient to refinance the loan, considering it ‘high risk’, and so Zhang and his advisors have been hard at work trying to find a solution, considering finding a new loan with the help of Goldman Sachs and the Raine Group.

Il Sore 24 Ore journalist Carlo Festa details how Oaktree have handed a lifeline to Zhang and Inter, opening up to a refinance of the loan from a private equity under certain conditions, in exchange for further guarantees and the promise of finding a new investor in the club in the foreseeable future.

Deadline: May 20th.

 

[DARi0]

Recent reports suggested that a partnership with Betsson could earn Inter at least another €30m per season.

There will also be a new sponsorship deal for the club’s training kits and for the sleeve sponsorship, which is currently held by eBay, ahead of the 2024-25 season.

Assuming that all of Inter’s new sponsorship agreements will be in place by the beginning of the new season, the club’s commercial revenue is expected to surpass €100m next year according to reports from FCInter1908.

I won't be proud to have another betting company sponsor Inter. Especially as main sponsor.

But if they can't get anything better... And as long as they actually pay!

 

[Ethor]

Just wish Inter would sells a jersey with hopefully a second star that doesn't have the sponsors on it.

 

[CafeCordoba]

According to reports our sponsorships will reach 80m€ for this season. And for next season, we've already signed sponsorships worth 72m€, without the main sponsor included. Betsson brings almost 30m€ and then we add the sleeve sponsor also since Ebay deal ends in June. Our training kit deal with LeoVegas will have to be terminated with Betsson coming in so we need to replace that. My asssumption is we should be able to do that financially.

 

[Puma]

I just read an article that states that Oaktree have put two members on Inter's Board of Directors and that they have a right to veto any decision made by Zhang. Also, the contract negotiations and extensions for our Captain and Barella have been put on hold.

This Championship is going to be short lived and we are going to be on the back foot for next season as Oaktree try to find us new owners.

 

[wera]

EVERYTHING IS FINE

 

[Stefan]

Just wish Inter would sells a jersey with hopefully a second star that doesn't have the sponsors on it.

If you buy the shirt from Nike it comes with no sponsors

 

[CafeCordoba]

I just read an article that states that Oaktree have put two members on Inter's Board of Directors and that they have a right to veto any decision made by Zhang. Also, the contract negotiations and extensions for our Captain and Barella have been put on hold.

This Championship is going to be short lived and we are going to be on the back foot for next season as Oaktree try to find us new owners.

You read that from the fearmonger masters. Corriere dello Sport is Roman based paper whose editor-in-chief hates Inter. They always try to find out something negative to write about regarding Inter. So nothing to write about football now since we are cruising to the Scudetto so they need to find these other angles.

AFAIK that board thing has been the case since Oaktree stepped in so almost 3 years.

 

[Adriano@10]

You read that from the fearmonger masters. Corriere dello Sport is Roman based paper whose editor-in-chief hates Inter. They always try to find out something negative to write about regarding Inter. So nothing to write about football now since we are cruising to the Scudetto so they need to find these other angles.

AFAIK that board thing has been the case since Oaktree stepped in so almost 3 years.

THis is correct Marchetti and Carassai have been appointed in 2021...

 

[Gal]

I just read an article that states that Oaktree have put two members on Inter's Board of Directors and that they have a right to veto any decision made by Zhang. Also, the contract negotiations and extensions for our Captain and Barella have been put on hold.

This Championship is going to be short lived and we are going to be on the back foot for next season as Oaktree try to find us new owners.

Oaktree is obviously going a complete different direction, this is to be expected. It’s not unlikely we will see a similar approach to what we seen at the other end of town. If and that is a huge if, they take charge.

Also things will depend on how long a timeframe for a new owner can take over from them.

One thing is certain companies like Oaktree aren’t going to let the club bleed money.

 

[CafeCordoba]

I just read an article that states that Oaktree have put two members on Inter's Board of Directors and that they have a right to veto any decision made by Zhang. Also, the contract negotiations and extensions for our Captain and Barella have been put on hold.

This Championship is going to be short lived and we are going to be on the back foot for next season as Oaktree try to find us new owners.

THis is correct Marchetti and Carassai have been appointed in 2021...

Just to point this out, here's the source

https://sempreinter.com/2021/07/08/...endent-directors-on-inter-board-of-directors/

(https://www.inter.it/en/news/2021-07-08-statement-shareholders-meeting-inter)

These guys have been there since the summer of 2021.

 

[DARi0]

GdS: Zhang is close to reaching an agreement with Oaktree to extend a loan beyond May and the Nerazzurri won’t need to lower their wage bill over the summer

Inter President Steven Zhang is working to extend the terms of a €275m loan from American trust fund Oaktree, agreed in 2021.

The original agreement included a 12 per cent interest accrued, so the full repayment sum is €385m and is due to be repaid in May 2024.

Reuters reported in February that Zhang was working to extend the loan and keep control of Inter and Gazzetta reports today that the two parties are close to reaching an agreement.

Good luck

Zhang’s plan and Inter’s transfer guidelines​

According to the pink paper, Zhang must pay around €350m, not €385m, but the Nerazzuri President plans to extend the deadline by one or two years.

This would give him time to further reduce Inter’s losses, develop plans for a new stadium, and seek potential minority shareholders.

According to Gazzetta, Inter will confirm losses between €40m and €50m in their next financial statement, which is still a significant improvement compared to 2021 when the Nerazzurri reported a record loss of €245m.

The reported imminent agreement with Oaktree means Beppe Marotta will receive the green light to extend with Lautaro Martinez and Nicolò Barella. At the same time, the Nerazzurri will need to balance transfer income and expenditure next summer, but they’ll no longer be required to cut their wage bill thanks to the many free agents signed over the last few years, which allowed the club to reduce the amortisation costs.

Good news if he gets 1 or 2 years. Oaktree just want their money, they might not want to own the club.