Inter's Financial Situation

[forzainter257]

pay 1 million for winning Sassuolo please

 

[GenDire]

Details Of Inter’s Sponsorship Agreement With Suning

A victory against any of Juventus, Napoli, Roma or Milan is worth €550,000. Having beaten both Milan and Napoli this season Inter have earned €1.1 million.

Is this why we only play well against those teams

 

[Wobblz]

Speaking to Bisnis.com, former Inter president Erick Thohir commented on the sale of his Inter shares that will go to LionRock Capital investment fund.


“In 2016, during the transaction with Suning Group, an agreement was signed that would allow me to ask the new ownership group to acquire the remaining minority shares.”


But who will take over? The Indonesian shows no particular interest: “Suning could give it to Jack Ma or anyone that they think appropriate.”


Source: FedeNerazzurra / Bisnis

So ET either talks out his ass (as usual) or there's some truth that Jack Ma has/could have something to do with the deal.

 

[Il Drago]

So ET either talks out his ass (as usual) or there's some truth that Jack Ma has/could have something to do with the deal.

I don't think so. I think Thohir's point was Suning could give the minority shares to anyone they want. He mentioned Jack Ma probably because he was asked about Jack Ma. Then again maybe i have got it wrong and you're right. Only time will tell.

 

[Zeila]

14th place for Inter in the money league for the 17/18 season. I didn't expect us to grow further this year but we did climb a place from 15th. By this time next year we'll probably be above ATM and BVB reaching 11th me thinks. We have bigger commercial revenue than Juve, Arsenal, BVB and ATM, but our matchday revenue is shit. The stadium cant come soon enough.

https://www2.deloitte.com/uk/en/pag.../articles/deloitte-football-money-league.html

 

[DARi0]

Four Serie A sides in Deloitte top 20

Juventus lead the Italian representation in the Deloitte Football Money League for 2019, with Inter, Roma and Milan also in the top 20.

Juve have dropped out of the top 10, falling behind Tottenham Hotspur in 11th place after their revenue dropped from €405.7m to €394.9m.

Inter, on the other hand, have gone up a spot to 14th, posting a turnover of €280.8m, while Roma are the biggest movers from Italy.

Their run to last season’s Champions League semi-finals sees them back in the top 20, taking 15th place after they made €250m in revenue.

Finally, Milan join the Giallorossi back in the Money League, turning over €207.7m to not only rank 18th but also knock Napoli off the list.

Deloitte Football Money League 2019 in full:

1. Real Madrid (€750.9m)

2. Barcelona (€690.4m)

3. Manchester United (€666m)

4. Bayern Munich (€629.2m)

5. Manchester City (€568.4m)

6. Paris Saint-Germain (€541.7m)

7. Liverpool (€513.7m)

8. Chelsea (€505.7m)

9. Arsenal (€439.2m)

10. Tottenham Hotspur (€428.3m)

11. Juventus (€394.9m)

12. Borussia Fortmund (€317.2m)

13. Atletico Madrid (€304.4m)

14. Inter (€280.8m)

15. Roma (€250m)

16. Schalke (€243.8m)

17. Everton (€212.9m)

18. Milan (€207.7m)

19. Newcastle United (€201.5m)

20. West Ham United (€197.9m)

 

[Matrix_invincible]

14th place for Inter in the money league for the 17/18 season. I didn't expect us to grow further this year but we did climb a place from 15th. By this time next year we'll probably be above ATM and BVB reaching 11th me thinks. We have bigger commercial revenue than Juve, Arsenal, BVB and ATM, but our matchday revenue is shit. The stadium cant come soon enough.

https://www2.deloitte.com/uk/en/pag.../articles/deloitte-football-money-league.html

What I dont understand, why do MIlan and Roma have more income from the matchday than we have? They have less attendance per match and dont own a stadium just like us.
We had a higher attendance than Milan last year and pay exactly the same amount to the city, so why did they have more income?

 

[CafeCordoba]

They had euro games?

 

[DARi0]

What I dont understand, why do MIlan and Roma have more income from the matchday than we have? They have less attendance per match and dont own a stadium just like us.
We had a higher attendance than Milan last year and pay exactly the same amount to the city, so why did they have more income?

1st thought would be more expensive matchday tickets? Dunno, just a wild guess.

Milan are the top European club with the least growth in revenue over the last 10 years, just 2% compared to Inter’s 66.7%, claim Calcio e Finanza.

The website focusing entirely on the financial aspects of the sport calculated the revenue increases from 2008 to 2018, finding some intriguing results.

During the closing years of Silvio Berlusconi’s reign and during the controversial Yonghong Li period, Milan’s revenue remained practically unchanged.

It went from €209.5m in December 2008 to €213.7m in June 2018, a growth of just 2% with an annual increase of 0.18%.

In comparison, city rivals Inter increased their revenue by 66.7% during the same period, going from €172.9m in 2008 to €288.2m a decade later.

More importantly, the revenue increase spiked after 2017 with the influence of new owners Suning.

Juventus stand out by taking their revenue from €167.5m – less than Milan in 2008 – to €402.3m in 2018, largely boosted by their stadium and extended Champions League runs.

 

[Matrix_invincible]

They had euro games?

Good point, I forgot that we didnt have them

 

[Delicate]

Bear in mind that:

-this is 2018 financial year as obviously Deloitte cannot predict the revenues for 2018-19 year yet, hence our 280m EUR figure is without Champions. With UCL revenues it's easily 45-50 million more
-this new 3-year iterations of TV rights sale contract is slightly better than last iteration, which means that we will have slightly more in next year's ranking
-we still lack good contract with apparel maker (Nike) and jersey top sponsor (Pirelli), just peanuts nowadays
-so why we are so high in the list? Well, China money is huge, if we had similar deal with Pirelli and Nike plus UCL revenue plus our own stadium it's easily 130 million EUR more which ranks us just near Tottenham. Surely, we will never reach Barca, Real or top English sides but 400million barrier is reachable and that's huge.

Meanwhile Milan have done nothing yet commercially in 10 years yet people from RnB boast about Elliott being fucking Trilateral Commission/Bilderberg Group shadow world government aka UEFA FFP bitchslappers.

 

[Wobblz]

Some screenshots from the PDF:

Our commercial revenues are up there with the big boys, easily top 10. But inexplicably we're performing badly when it comes to Matchday and Broadcast revenues.

Whilst no Italian clubs feature in the top ten for the first time, there was something of a renaissance for them in 2017/18, with Italy regaining its position as the second most represented nation in the top 20. Four Italian clubs rank between 11 and 20, with AC Milan and AS Roma returning to the top 20, after dropping out of last year's edition.

Juventus fail to appear in the Money League top ten for the first time since 2011/12, largely due to poorer performance in the Champions League relative to other Italian clubs (i.e. AS Roma), educing their share of market pool distributions from UEFA. However, the club still managed to generate a 19% increase in commercial revenue following their stadium naming rights agreement with Allianz, back of shirt arrangement with Cygames and increases in merchandising revenue, as it starts to reap the benefits of bringing these operations in-house. [Get the hint Suning, if not a stadium a sleeve sponsor at least should be up next]

AS Roma return to the Money League top 20 as the highest climbers, rising nine places to 15th. The club experienced growth across all revenue streams in achieving a club record revenue of €250m, following their impressive run to the Champions League Semi-final. [So that's basically inflated]

Elsewhere, AC Milanalsomake a swift return to the Money League top 20 after dropping out for the first time last year. The club’s revenue grew by 8% to €207.7m, having returned to UEFA club competition last season, reaching the Round of 16 of the Europa League. Local city-rivals FC Internazionale Milano continue to climb the Money League table, reaching 14th.Whilst the club were absent from UEFA club competition in 2017/18, they managed to generate revenue growth through an increase in commercial revenue as they continue to benefit from increased exposure in Asia, following its acquisition by Chinese electronics retailer Suning in 2016. SSC Napoli drop out of the top 20 in this edition, following a revenue reduction as the club narrowly lost out to Juventus in the race for the Serie A title and struggled in UEFA club competitions.

Whilst the presence of Italian clubs in the Money League top 20 has increased in this year’s edition, it is heavily reliant on UEFA club competition participation. Changes to the Champions League qualification process has protected this to some extent, providing Italian clubs with four automatic Champions League Group Stage qualification places from 2018/19. However, this masks some of the underlying business challenges for Italian football, particularly in the broadcast market and generation of matchday revenue.

The latest domestic broadcast rights sales process delivered an increase of just 3% for the three-year cycle that commenced with Sky Italia and Perform (DAZN) in 2018/19 (excluding up to a further €150m in bonuses reported to be payable dependent on broadcaster’s subscriber performance), after two failed auction processes and a third process that resulted in the annulment of Mediapro’s acquisition of the rights. Despite the commencement of a new international rights cycle, delivering an increase of 81% on the previous reported minimum guarantees, distributions to Serie A clubs will see limited growth until at least the next cycle beginning in 2021/22. Therefore, further revenue increases for Italian clubs will depend on a club’s ability to deliver growth in matchday and commercial revenue streams, as well as success in UEFA competitions.

Edit: About the broadcast revenues, we're fucked as we signed the three-year contract just this year and despite our record average attendance we're still lagging behind other clubs when it comes to matchday revenue. Basically, Suning are doing wonders with the restrictions they have, like deals already signed (kit and sponsor ones, broadcasting revenue share, etc).

By the look of it in next year's edition of that report, we'll be up there with Juve/Tottenham, no doubts about it. They even highlight that in the detailed report about Borussia - "Retaining 12th position from the challenge of rivals immediately below them in the Money League, namely Atlético de Madrid and Internazionale, is perhaps the most realistic objective for Dortmund in
2018/19".

In the next couple of years, we should look to further boost the commercial revenue side, as that's where we have the most freedom and ability to expand. Sleeve sponsors and new deals with Nike/Adidas, as well as a new main shirt sponsor, will do wonders and probably guarantee us a spot in the Top 10.

Sadly, we extended with Pirelli for FIVE FUCKING YEARS. Idiotic super long term deal. That's 10.1M Euro for the span of the contract that was signed in 2016, meaning we'll have to endure this shit well into 2021. In an equally idiotic fashion, our contract with Nike, signed in 2013 will last for TEN LONG YEARS... 200M Euro in total, which means we're getting a guaranteed 20M a season. We'll be able to negotiate with them or Adidas in 2023. That's thanks to Moratti as it happened just before ET took over. Short-sightedness reigned supreme. Who in their right minds signs 5/10 year deals in the world of football where things change dramatically on a yearly basis. Three-year deals should be the norm or if we're talking about a five-year deal then it should be fucking grand to tie us up for that long.

That's a total of 30M Euro a season, absolutely laughable. Thanks, Erick and Massimo, you ball-less twats.

 

[Sassuolu]

You are telling me that Roma couldn't make more than us in a season where they were the sole Italians in the CL Semi-Final?

That's all you need to know about Roma.

 

[Delicate]

Wobblz, unfortunately, there is no such thing as "guaranteed 20 mln from Nike". I am adding insult to the injury, but better to face the truth than remain in the darkness of lies. The situation is even worse than you described.

Muppets who were dealing with commercial side of the club during MM era actually managed to get royally fucked by Nike. Guaranteed 20 million per year would be OK(ish), but it's 20m or rather 18-19 being the maximum figure while 4m (or sth close to that) is base figure, that's what they paid us last year since we didnt achieve shit in 2016-17 season. 20m is for Scudetto, for 4th place finish last year I think they paid us around 10-11 million. Whoever negotiated that deal is the most incompetent professional ever.

That's what I always disliked with MM. Our club was just living in the past with unsustainable model. MM poured his cash and covered all losses (though, actually, there were around 100-150 mln of debts to Italian financial institutions in final years of MM era which were later covered by that infamous 180m loan from Goldman Sachs by Thohir, so Moratti himself couldn't sustain the club, also because of Saras having issues with revenues). THohir's tenure was peculiar to say the least but at least he made some good financial initiatives despite being obviously much lower-scale businessman than Suning or Elliott hence not being able to pour cash into the club from sponsorships.

I always show those two brilliant articles by Swiss Ramble explaining how extremely shortsighted our club was during Moratti's era cause there are still lots of people who cannot comprehend the fact that that ship has sailed long ago: http://swissramble.blogspot.com/2010/08/price-of-inters-success.html http://swissramble.blogspot.com/2011/12/moneys-too-tight-to-mention-at-inter.html

Long-term jersey sponsorships deals are understandable, nobody will offer short-term deals with huge sums of money to top clubs . Chelsea has 15-year deal with Nike but it's worth it: https://www.telegraph.co.uk/football/2016/10/13/chelsea-confirm-huge-60m-a-year-kit-deal-with-nike/ 60m quid a year.

What I hope is that we can renegotiate the deal with Nike if we have better squad, more marketable players, etc. etc. With Juve switching to Adidas Inter is Nike's flagship club in Italy-they better be offering us something more they do now.

Suning already did a tremendous job. I don't think that we can increase Asian revenue significantly more, it probably will stay relatively the same unless we renegotiate sponsorship deal with Suning as we now have better revenues so Suning can inject to 30% of club's total revenues as FFP allows. Now something must be done with Pirelli and Nike. Despite all the shortcomings of the past, nothing but bright future is waiting for Inter if Suning continues to be committed to the club.

 

[Linege]

You are telling me that Roma couldn't make more than us in a season where they were the sole Italians in the CL Semi-Final?

That's all you need to know about Roma.

thats all you need to know about italy and serie a.

top serie a team on 11th place pffff

Muppets who were dealing with commercial side of the club during MM era actually managed to get royally fucked by Nike.

Delicate, im very critical about serie a and inter, but

you cant have anything better then this. We won treble, scudetto and nobody, nobody gave a shit about it.

the same is with juve today. nobody watching serie a, even italians dont want to pay for it.

 

[forzainter257]

Linege, sad but true. Unless they don't start building stadiums massively.

 

[Devious]

Second with most debt after Manutd

https://www.goal.com/en/lists/man-u...0dqamn1wgl8pwzb8h86#mebawe4mahkk1jhqeihg8im80

2- Inter with €438m net debt.

I'm a bit confused atm, could someone elaborate?

 

[Wobblz]

Second with most debt after Manutd

https://www.goal.com/en/lists/man-u...0dqamn1wgl8pwzb8h86#mebawe4mahkk1jhqeihg8im80

2- Inter with €438m net debt.

I'm a bit confused atm, could someone elaborate?

The info comes from the UEFA European Club Footballing Landscape 2017 report that was released on 18.02.2019. Note that the report is for 2017 Financial Year. Net debt is on slide 114.

Those UEFA hacks are a year late, no? How long does it take to crunch that data I wonder... considering they're talking about some "UEFA financial reporting tool".

Now, fuck me if I know what that means exactly but I'm sure there are people that can elaborate further.

It is important to look at net debt in context, rather than in isolation, as the risk profile of debt taken on in order to finance investment is clearly very different from that of debt taken on in order to fund operatingactivities. The chart and table above include the ratio of net debt to revenue, which is used as a risk indicator for the purposes of financial fair play, as well as the ratio of debt to long-term assets, with such assets often being used as security for debt and often funded or part-funded by debt.

Unless otherwise stated in the report, footnotes or this appendix, the financial figures used in this introductory section have been taken directly from figures submitted through UEFA’s online financial reporting tool by clubs or national associations in May and July 2018. These figures relate to the financial year ending in 2017, in most cases the year ending on 31 December 2017. The figures have been extracted from financial statements prepared using national accounting practices or the International Financial Reporting Standards and audited in accordance with the International Standards on Auditing.


Overall net and gross transfer data for the 2018 summer transfer window has been analysed using the UEFA Intelligence Centre’s composite transfer database. This dataset was supplemented by information received through clubs’ financial statements, including the detailed notes accompanying those financial statements.

* Net debt is calculated as per the definition in the UEFA Club Licensing and Financial Fair Play Regulations, which offsets bank overdrafts, bank and other loans, related-party loans and payables and transfer payables against transfer receivables and cash balances. Some other liabilities, including debts to tax authorities or employees, are not included in this definition, but may nonetheless attract finance charges. Gross debt includes all of the items above (without taking into account cash balances or transfer receivables).

** Here, long-term assets are calculated as the sum of all tangible fixed assets and intangible player assets. They do not include other long-term assets such as goodwill or internally generated intangible assets

 

[CafeCordoba]

Okay, that might explain something regarding UEFA's approach to Inter and Milan with FFP. We have shitloads of debt and ratio of debto revenues and long-term assets are worse than Milan's. Though not that much worse.

 

[DARi0]

Juventus have the world’s third-richest football club owners according to the Mirror, with Inter ranking ninth.

The newspaper writes the Agnelli family have a combined wealth of £10.4bn (€11.9bn), making Juve the Serie A side with the biggest backing.

Inter, for their part, are bankrolled by Suning Group, whose owner Zhang Jindong has a personal wealth of £5.2bn (€5.9bn), putting them ahead of Tottenham Hotspur in 10th place and city rivals Milan.

The richest club owner is Red Bull Salzburg and RB Salzburg’s Dietrich Mateschitz, who cofounded Red Bull and is worth £17.8bn (€20.3bn), despite the riches of Manchester City and Paris Saint-Germain.

Top 10 richest club owners in full:

1. Dietmar Mateschitz (Red Bull Salzburg/RB Leipzig, £17.8bn)

2. Sheikh Mansour (Manchester City/City Football Group, £17bn)

3. Agnelli family (Juventus, £10.4bn)

4. Philip Anschutz (LA Galaxy, £10bn)

5. Roman Abramovich (Chelsea, £8.3bn)

6. Stan Kroenke (Arsenal, £6.4bn)

7. Nasser Al-Khelaifi (Paris Saint-Germain, £6.2bn)

8. Shahid Khan (Fulham, £5.4bn)

9. Zhang Jindong (Inter/Jiangsu Suning, £5.2bn)

10. Joe Lewis (Tottenham Hotspur, £3.8bn)