Inter's Financial Situation

[CafeCordoba]

So apparently our expenses are so big that despite us generating so much more money, we aren't actually making any money because everything goes to cover the costs?

 

[.h.]

It's the amortisation, from what I read above.

UEFA wanted us to decrease our amortisation, but we only increased it. Basically, Gabigol, JM, Kdog are coming back to bite us in the ass. that's easy 20 mil a season for amort. that doesnt help us at all.

Dalbert, too.

 

[CafeCordoba]

So we increase our expenses (new players, new expenses). Getting Radjas and Dembeles will be just doing this again and again. They will bring shit loads of expenses and we might need to replace them still after only few years.

 

[Linege]

Despite some rather controversial moves, Paris Saint-Germain will escape sanction for their FFP status.

 

[.h.]

So we increase our expenses (new players, new expenses). Getting Radjas and Dembeles will be just doing this again and again. They will bring shit loads of expenses and we might need to replace them still after only few years.

Yeah but it's only looking at this year afaik. Plus we've got money to make by selling

Say we get 35m from youth, another 40m from JM etc... not looking too bad.

I wouldn't be surprised if Kdog counted towards this too as it's probably done by transfer window or squad registered maybe? Though I guess squad registered you don't have a previous season to compare to.

 

[CafeCordoba]

Do we have access to Inter's balance sheet? Have there been any reports of one out in media?

 

[PHM1605]

Does that mean, if we buy Radja and Dembele (eg.50m) and reach CL final next year (as the consequence,earn additional 100m), it still means shit. We still be fined if we don't sell players to get that 50m back? :chan:

What a stupid rule it is. By that logic why Premier League is spending without any hesitation?

 

[.h.]

It's a penalty restriction for FFP violation. It's not BAU

 

[Guz]

The CFCB Investigatory Chamber further concluded that Fenerbahçe SK, FC Internazionale Milano and Trabzonspor AŞ have partially fulfilled the targets set for season 2017/18. As a consequence, the foreseen conditional sporting measures, such as the transfer restrictions and the limitation on the number of players in the List A, will not be lifted and will continue to apply in the season 2018/19.

As I understand it, we will be free to register for Europe all the players who were part of the roster we registered for the last UEFA competition we played (EL 2016-17). As for the players who were not in that list (Skriniar, Gagliardini, Vecino, Karamoh, Martinex, and so on), we will be able to register them provided that their purchase cost is counterbalanced by sales we made in the same time frame.

If, say, we have sold players for 60m in total since 01/07/2017, then we will be able to register any new players as long as their overall cost doesn't exceed that amount.

 

[Akif]

As I understand it, we will be free to register for Europe all the players who were part of the roster we registered for the last UEFA competition we played (EL 2016-17). As for the players who were not in that list (Skriniar, Gagliardini, Vecino, Karamoh, Martinex, and so on), we will be able to register them provided that their purchase cost is counterbalanced by sales we made in the same time frame.

If, say, we have sold players for 60m in total since 01/07/2017, then we will be able to register any new players as long as their overall cost doesn't exceed that amount.

As someone rightly mentioned in earlier post, some of our signings for next season are bosman, e.g. De Vrij and Asamoah. So that's one positive.

Maybe we can also include Skriniar in the list, provided the transfer value of departed players (Banega, Murillo, etc) counterbalanced his transfer value. I hope the capital gains that we will gain from the sale of our youths would match the incoming transfer of our future starters (Nainggolan, particularly), as we need to make the most out of our participation in CL.

 

[junior55]

I have been watching sky for about 1h to understand smth about this shit so basically i will recap below what i understood:

First of all there are 2 situations completely different from each other , being under FFP restrictions and being under Settlement Agreement restrictions.

A) FFP
Every club in UEFA , inter included, should commit to FFP. This means that the costs of the season should be <= the revenues of the season including everything transfer moves, salaries , sponsorships , price money etc. This means that for example being part of CL gives us +40M no matter what and therefore possibility to spend +40M however we like being that a new player of 20M +5M wages for 4 years for example.
B) Settlement Agreement
This is smth you negotiate with UEFA when you don't comply to FFP. Milan didn't comply to FFP and failed to negotiate a settlment agreement too so they have bigger restrictions , we didnt comply to FFP and managed to negotiate a settlement agreement 2 years ago with lower restrictions. Which are these resctictions ....
One is to have a list of only 22 players registered for CL
The other is to have a >=0 euro difference between the list of players we registered in europe last time we took part ( 2 years ago) and the list of players we will present this year. And this is what is going to kill our hopes of being competitive.

Basically if for europa league 2 years ago we registered a list of players with total cost of 200M (between what we spent to buy them and salary cost) then the list we will register for CL this year should have a total cost of <=200M. And it doesn't matter if this year we will have at least 40M additional funds as that is calculated only towards FFP but not in this agreement.
So if we buy Naingolan for a total cost of 40M then we should have removed a player worth 40M from that list. Basically Naingolan will replace Kondogbia but i can't remember what other players were in that list . For example Joao Mario and Gabigol were not inserted for the exact same reason so we can't even remove them in the books .

This is the reason why PSG can buy Neymar & Mbappe for 200M and we cannot. They don't have an agreement to comply to , so as long as from signing Neymar & Mbappe they recieve 200M from sponorship deals they are ok in terms of FFP ...

Hope i was clear (and correct ). If smn can find the list we presented for europa league last time it would be very helpfull to see the situation..

 

[PHM1605]

It's a penalty restriction for FFP violation. It's not BAU

What does BAU mean?
It is still confused. If you say the restriction is "net value of 0 for the players whom we register for CL". Then why don't we simply exclude Gabi, Joao, Dalbert and get rid of those transfer deficit?

 

[vitomins]

LISTA A

Marco ANDREOLLI
Cristian Daniel ANSALDI
Ever BANEGA
Tommaso BERNI
Jonathan BIABIANY
Marcelo BROZOVIC
Antonio CANDREVA
Juan Pablo CARRIZO
Eder CITADIN MARTINS
Danilo D'AMBROSIO
Samir HANDANOVIC
Mauro Emanuel ICARDI
Gary Alexis MEDEL SOTO
Felipe MELO DE CARVALHO
Joao MIRANDA DE SOUZA FILHO
Jeison MURILLO
Yuto NAGATOMO
Rodrigo PALACIO
Ivan PERISIC
Andrea RANOCCHIA
Davide SANTON

LISTA B

Loris ZONTA
Michele DI GREGORIO
Axel BAKAYOKO
Senna MIANGUE
Ionut Andrei RADU
Andrea PINAMONTI
Assane Demoya GNOUKOURI (dal 18.09.2016)


LOL Kondogbia was not even on the list...we are not going to be able to add anyone:

Medel - 2.5m
Banega - 7m
Ansaldi - Loan
Murillo - Loan
Andreolli - Free
Palacio - Free
Felipe Melo - Free
Carrizo - Free

Nagatomo - ??

 

[.h.]

There's some reasonable cashflow there tbh. Banega, miangue pina murillo melo Medel

 

[Akif]

We can't even form a proper starting eleven with that shit LOL

My question is that could we include new players in the list, given that we get the player(s) after we sell our youths?

 

[bolo]

as i understand it, i dont understand at all.. lol..

so the restriction and the balance value rule remain until June 2019?

and that's because the thing called Amortization?

so what the chance we can fix this amortization next year so the rule can just stop in 2019?

 

[kartalsafa]

So, as a summary we can buy players if we sell with same worth right ?

I am confused guys. Thks for your all long explanations but really confused.

 

[junior55]

LISTA A
LOL Kondogbia was not even on the list...we are not going to be able to add anyone:

Medel - 2.5m
Banega - 7m
Ansaldi - Loan
Murillo - Loan
Andreolli - Free
Palacio - Free
Felipe Melo - Free
Carrizo - Free

Nagatomo - ??

Palacio , Ansaldi, Murillo , Melo are not free. Their transfer cost + salary cost is calculated.
Anyway yes, with Kondogbia missing this list the situation is terrible. Basically if we sell all the top prospect youngsters too there is no reason to even take part in CL. Ausilio should do wonders.

Big up for Roma for managing to be competitive even by respecting these restrictions by selling their top players and signing youngsters with less cost. Icardi being sold is the only hope towards getting out of this..

- - - Updated - - -

as i understand it, i dont understand at all.. lol..

so the restriction and the balance value rule remain until June 2019?

and that's because the thing called Amortization?

so what the chance we can fix this amortization next year so the rule can just stop in 2019?

It will stop in 2019 anyway. The settlement agreement has been signed for seasons 16/17 , 17/18 and 18/19 and you suffer the restictions we already knew (nothing new was presented today) just media doing publicity only for these season. At the end of 18/19 FFP calculation is done again and if you don't comply you have to negotiate an agreement again. Basically complying to FFP is much easier than to settlement agreement

 

[.h.]

as i understand it, i dont understand at all.. lol..

so the restriction and the balance value rule remain until June 2019?

and that's because the thing called Amortization?

so what the chance we can fix this amortization next year so the rule can just stop in 2019?

So, amortisation is to do with corporate asset valuation.

If you buy a plane for £250million, then you need to adjust your company's value over time so you dont have a steep cliff. Generally, say, a plane might have a 25 year asset life, which means the value of the asset - and by extension, the company - decrease by £10m per annum.

So year 1, your company is worth £250m, then year 2 it's £240, etc.


This has been cross applied to football player valuations. If we sign, for example, K-dog for 40mil, then his amortisation is 10m/season.

Amortisation is standard on everyone's book, and theres no magic to get rid of it. The point was simply that UEFA expected us, as part of our FFP agreement, to reduce our amoritsation, and we failed to do that.


The thing that is a bit shit is that if we do want to register a bunch of expensive players, we will need to do it by selling Icardi realistically.


Also, it's unclear to me if the valuation of the players is what we paid for them, or what we sold them for. If it's what we paid for them, then clearly i.e. Banega is worse off for us, but some others will be better.

 

[vitomins]

Palacio , Ansaldi, Murillo , Melo are not free. Their transfer cost + salary cost is calculated.
Anyway yes, with Kondogbia missing this list the situation is terrible. Basically if we sell all the top prospect youngsters too there is no reason to even take part in CL. Ausilio should do wonders.

Big up for Roma for managing to be competitive even by respecting these restrictions by selling their top players and signing youngsters with less cost. Icardi being sold is the only hope towards getting out of this..

I understand we will get some money for that, but we need big bucks if we want to add the transfers we are rumored to sign. For example we were only able to include Candreva last time because we sold Kovacic. There are no big money sales coming from this group, so I don't see how it is possible to add Skriniar, Vecino, Gagliardini, plus all our new players.