Inter's Financial Situation

[Caecuban]

We lost 85m last season. We reduced wages by about 40m, so call it 45m. Now factor in some amoritization for Cassano, Guarin, Palacio... Probably talking -60m. We need to offload Stankovic and Chivu to look for something healither, e.g. -45m or so.

Basically, at the end of the day, that 'other' column in our books which sucks up like 60 million a season is killing us. Just ask N4L.

---------- Post added at 01:19 ---------- Previous post was at 01:17 ----------

sadly I think once we consider form and salary, Sneijder HAS to go. We offload him we're already 12m/season in the profit from that, before any net gain from sales (he's been 15m amoritized over 3 years already, on a 4 year contract. If we sell him at 15m, we're in the green 11m)

That's what I was thinking. Selling Sneijder + offloading Jonathan and Mariga could net an impact on wages close to 20 mill per season. Then we desperately need to increase commercial revenue

Deki and Chivu are likely to stay until end of contract.

 

[.h.]

If we can get rid of Sneijder, Jonathan, Mariga, Deki, Chivu we're probably talking 30+m a season savings already.


I hate to say it.. I love Sneijder, I think he's a class act, but is it worth disrupting the team to fit him back in? 9 straight wins, we're clearly on good form... We'd have to change formation quite a lot to fit Sneijder back in, and playing an AMC would almost definitely mean moving away from 3 at the back

 

[Caecuban]

and we cant really afford 12m per season on someone who is constantly injured, unfortunately

still, we need to increase commercial revenue. lets hope that events like the tour in indonesia pay off (the idea was certainly awesome)

 

[.h.]

Told you chelsea would be ok. 1.4 m profit for theast season, we lost 80.

 

[Jimmy Page]

If I understand things correctly these numbers doesnt include the transfer signings of Hazard, Oscar, Marin ,Azpilicueta and Moses

Edit: Chelsea FC plc today announced a profit of £1.4 million for the year ended 30th June 2012 - the first time the club has made a profit since Roman Abramovich took over in 2003.

Chelsea Football Club has also recorded a record group turnover of £255.7 million, making Chelsea the fifth largest club in Europe in terms of revenue.

This follows the club winning the UEFA Champions League for the first time and the FA Cup for the fourth time in six years - in what was an historic 12 months both on and off the pitch.

The £1.4m profit contrasts with a loss of £67.7m in the previous financial year and puts the club in a strong position to comply with UEFA Financial Fair Play criteria for the coming seasons. In order to compete in European competitions, these require clubs over a fixed period to achieve a break-even figure when expenditure is measured against the income from football-related activities.

The increase in revenues to £255.7m from the previous year's level of £222.3m was in the main due to on-field success, especially in the Champions League. In addition, significant profits (£28.8m) were made in the transfer market. The club also enjoyed an uplift in revenues from commercial activities including new partners and merchandising.

The club also negotiated a deal with BSkyB to acquire its interest in Chelsea Digital Media Ltd (the holder of certain Chelsea media rights). This deal allows the club to have full control of our digital media strategy.

Intergroup debt of £166.6m was capitalised into equity during the course of the year strengthening the balance sheet and making Chelsea FC plc debt free.

The revenue recorded in the latest results follows improved figures the previous two years.

The main figures for the year ended 30 June 2012 were:

· Group turnover was up from £222.3m to £255.7m

· Profit for the financial year was £1.4m compared to a loss of £67.7m.

Chief Executive Ron Gourlay said: 'Our club philosophy is built on success. We had that success on the field this year, as we were the first London team to win the UEFA Champions League, and we enjoyed it off the field as well and this helps us inject financial investment into the team.

'The big challenge is always to have a successful team on the field that wins trophies and to make a profit at the same time. The objectives have been set across the whole business, from the Academy to Under-21s and all the way through to the first team.'

Chairman Bruce Buck added: 'We will never forget that night in Munich and now we are celebrating serious progress off the field too.

'While we draw huge satisfaction from the achievements of the past 12 months we are more than ever focused on continuing the story of on-field success supported by improving financial performance off the pitch.'




Found this part intresseting: '"Intergroup debt of £166.6m was capitalised into equity during the course of the year strengthening the balance sheet and making Chelsea FC plc debt free" Im questioning of this is in line with the FFP rules

 

[.h.]

No, it does not include Hazard Oscar etc. That is correct.



The debt conversion should be okay. I assume, and I think this assumption is correct, the Chelsea money was owed to their chairman, not a bank, so he's welcome to do as he sees fit. If he wants to convert 100% ownership of the club and 170m debt to 100% ownership of the club and no debt, he's welcome to.

 

[Starmo4]

U guys are crazy ,who the hell wanna read about chelsea financial situation, when we got our own money problems... i know they dont.... next topic should be P$G financial problems .....

 

[.h.]

http://www.gazzetta.it/Calcio/Squad...rl-accordo-rischia-saltare-913214581562.shtml

can someone provide an accurate translation before i gloat

 

[MANTA]

GDS is saying that the China deal and the stadium deal are at risk. It states that while the agreement between the two parties has been signed, putting it into effect requires approval from 5 separate bureaucratic entities for it to take effect. So there is a chance that the whole thing might be called off due to bureaucracy. We might need to look for another source of investment.....

---------- Post added at 13:35 ---------- Previous post was at 13:34 ----------

http://www.gazzetta.it/Calcio/Squad...rl-accordo-rischia-saltare-913214581562.shtml

can someone provide an accurate translation before i gloat

Why gloat? The club tried to get an investor, if it doesn't work out it doesn't work out. At the very least we are actually trying to get our own stadium and investors on board.

 

[.h.]

eh, i feel the stadium will probably still occur, but i told you all kenny huang was bad fucking news ages ago. his actions during his attempted takeover of liverpool tell you enough

 

[CafeCordoba]

eh, i feel the stadium will probably still occur, but i told you all kenny huang was bad fucking news ages ago. his actions during his attempted takeover of liverpool tell you enough

Feeling the same. That it as emerged there is no money after all and that's why the deal isn't going through.

 

[Sokrates]

It seems that there is a bureaucratic problem in China with the Investor.

But if I remember correctly, there are 2 different investors for Inter:
1 investor for the stadium (china railway company)
1 investor (kenny huang?)
So the 1 has nothing to do with the other.

 

[.h.]

agreed, there are two seperate deals.

 

[Pimpin]

so kenny huang is fucking off from our club right?

thats good news I guess

 

[.h.]

i may have misunderstood moratti's latest interview, but it seems even he is starting to doubt kenny huang and the investment being legit.

 

[n4l]

I keep reading people posting about selling our best players...sorry, best player, reducing wages and INCREASING COMMERCIAL REVENUE.

You guys think this is magic? Commercial revenue comes about through strong branding, strong commercial assets, and then strong marketing of the brand and those assets. If we don't play attractive football, don't have popular players and struggle to qualify for CL, how the hell will we increase our commercial revenue? We are simply not attractive to companies looking to advertise.

Since mgmts focus has been austerity, it seems to me they have simply abandoned the notion of chasing commercial revenue through sponsorship deals e.t.c. (see ManU and the ridiculous sponsorship deals they've been signing). Our only "hope" is for CL money to keep us semi-afloat and in the future, "hopefully" stadium money. Looks like a lot of "hope" built into this strategy

 

[I4E]

C'mon N4L, you know much better than this ! Austerity is not permanent ! This is a short term measure (could be 1, 2 or 5 years) The growth will then come !

All this talk about commercial revenue, growth, branding etc is not simply down to just our management ! What has the league done to sell the game to the rest of the world to see ? If nobody is watching it, then companies are certainly not going to invest into a team that doesn't get exposure ! CL alone just doesnt cut it. And your reference to Man United is insanely irrelevant ! The EPL has grown their league through marketing and packaging to the whole world ! Where as broadcasters around the world have been dropping Serie A coverage.

Also, The FIGC certainly hasn't done Inter any favors by slashing their share of broadcasting revenue with the new way that broadcasting rights/money is distributed !

The doom and gloom blame at management is insanely exaggerated.

 

[MANTA]

I keep reading people posting about selling our best players...sorry, best player, reducing wages and INCREASING COMMERCIAL REVENUE.

You guys think this is magic? Commercial revenue comes about through strong branding, strong commercial assets, and then strong marketing of the brand and those assets. If we don't play attractive football, don't have popular players and struggle to qualify for CL, how the hell will we increase our commercial revenue? We are simply not attractive to companies looking to advertise.

Since mgmts focus has been austerity, it seems to me they have simply abandoned the notion of chasing commercial revenue through sponsorship deals e.t.c. (see ManU and the ridiculous sponsorship deals they've been signing). Our only "hope" is for CL money to keep us semi-afloat and in the future, "hopefully" stadium money. Looks like a lot of "hope" built into this strategy

We are not ManU or Madrid. Those clubs are literally in another league. We should be compared to clubs in the Serie A, and among those we have the highest revenue. Our revenue streams are comparable to clubs like Chelsea in all areas except match day revenue, which will not change without a new stadium, which we cannot get without investors, which we cannot bring in while showing 80m in losses every year.

Get a stadium, convince the fucking league to do a better job in marketing and then think of spending big on players.

 

[.h.]

Borussia Dortmund took 11th place thanks to a successful season on the pitch, while Inter Milan fell out of the top 10 for the first time in a decade.

YEAH FUCKING PROJECT YO!!! YEAH MORATTI IM SO FUCKING PROUD!!

 

[necrodragon]

This is seriously bad, we had CL last year and managed just 185 million while juve without CL managed 195. This season therfore we can safely assume that their's and milan's revenue will be 60-70 million more than us, if we dont qualify for CL this year we can look forward to a scudetto drought for the next 10-15 years.