Inter's Financial Situation

[.h.]

not a shred of evidence to back that statement tbh. I'd like to see it at a bit more of a blow-by-blow piece so we can understand where the outflows actually are going. I would assume a bunch of it is increased amortisation and wages, probably, but I dont think thatll be everything.

As far as I know, Suning still have never paid themselves a single dividend, and i've not seen much evidence of any cashflow back to a chinese company yet.

 

[Ethor]

Guess will have to wait on potential buyers audits to find "the money" if any. A better idea is to send our FIF's financial detectives to get at it and the transparency needed so we'll all know what the hell is happening!

 

[Nero Indigo]

Right back where we started boys

 

[Jusef]

Paying a straight dividend is the single most tax planning transaction that almost every PRIVATE business will be advised not to undertake or to transact as last resort( excluding capital dividends).

There are multiple ways to extract cross border wealth from connected or related corporations, the most obvious being Transfer Pricing techniques.

 

[Il Drago]

Right back where we started boys

Totally. This feels like 2012 all over again. Unless we miraculously end up at the hands of a sugar daddy, we're in for some very painful years.

 

[Tsuna]

Just sell us to oil Barron’s already

 

[Universe]

I was saying elsewhere that my biggest factor for not believing any suggestions of Suning using Inter money for themselves is that their debts are fucking apocalyptic. Any funds raised from Inter are a like a drop of water in the ocean and wouldn’t be worth it.

Using the €60m from Hakimi to pay off 0.7% of their $8 billion debt is a waste of time.

Without getting into politics, the only thing that’s going to save Suning and Evergrande is a government bailout or some other government intervention.

 

[rfU]

Totally. This feels like 2012 all over again. Unless we miraculously end up at the hands of a sugar daddy, we're in for some very painful years.

Personally I'm a bit optimistic. This time round we have a foundation from which to build, in particular a young, experienced core capable of keeping us in the top 4 for years to come. With some savvy dealing in the transfer market (loan deals, free transfers, etc) we remain very competitive and are assured a safe and sustainable future.

2012 in contrast was just chaotic, no planning, no strategy, a clueless ceo and managers, players on bad contracts, etc. World of difference

 

[CafeCordoba]

Though it's still estimated that with all the gate revenues, sponsorship revenues, huge player sales we did, we'll still gonna make -100m€ this season.



I think the debt is simply killing us.

 

[.h.]

but we arent paying much interest on the debt - theres some but definitely not 100m a season worth AFAIK...


checking over our squad list, you'd get rid of Handanovic, Radu, Kolarov, Ranocchia, Dambro, Perisic, Darmian, Brozovic, Vidal, Vecino, Gagliardini, Sensi, Sanchez, Dalbart, Lazaro, Pinamonti and Eriksen and we still wouldnt hit 100m a season of savings :/

 

[qb4ever_2k]

We probably wrote off the non paying sponsorship deals from China.

 

[Materazzi_23]

Totally. This feels like 2012 all over again. Unless we miraculously end up at the hands of a sugar daddy, we're in for some very painful years.

So when are you pulling your wallet?

 

[Materazzi_23]

Though it's still estimated that with all the gate revenues, sponsorship revenues, huge player sales we did, we'll still gonna make -100m€ this season.



I think the debt is simply killing us.

But this means we were already in a f*cked up position when we bought Lukaku and Hakimi and added all those wages to our salary cap? I know COVID hit our financials hard but it seems that we took a risk and were hoping that becoming champions all of our debts would magically disappear.

 

[.h.]

But this means we were already in a f*cked up position when we bought Lukaku and Hakimi and added all those wages to our salary cap? I know COVID hit our financials hard but it seems that we took a risk and were hoping that becoming champions all of our debts would magically disappear.

however you cut it tho both of those paid off - the price we got for hakimi covered his cost + the salary for the year, and for lukaku same deal, ignoring any on the field impact and second order financials

 

[Materazzi_23]

however you cut it tho both of those paid off - the price we got for hakimi covered his cost + the salary for the year, and for lukaku same deal, ignoring any on the field impact and second order financials

True indeed but what was the management thinking? It was just a push to become champions again knowing we couldn't afford these players. And we are lucky Chelsea wanted to pay as much as they did. What would happened if we didn't cover the costs for these players? And it's not just those 2 players. For me there is a mismanagement on every financial level. Even before COVID we were in bad place it seems.

 

[CafeCordoba]

That project started in 2019 when Conte was signed. There was no COVID and Zhangs probably didn't have any financial problems in home at those times. So the project was backed by the ownership. They were ready to eat the losses. Things changed rapidly with COVID and Zhangs' business problems. The management itself (Marotta, Antonello) are just doing within the limits they are given.

 

[vex]

Is there any valid reason why they're still hanging on to us even though in china they are slowly crumbling. You would think they would sell immediately, given how easy they got rid of their club in china. And we are not as valued commodity or brand as man utd for example, so why cling so hard, especially with all of this debt.

I'm starting to think it's just a pride thing for steven, and he doesn't want to write that L on his record, which is an absolute worst case scenario for us, coz those types of people bring everything down with them.

 

[Puma]

You’re absolutely right. It’s about pride and loss of face and it is hurting the club.

 

[CafeCordoba]

They were about to sell to BC Partners last winter but Agnelli came in to introduce his brilliant Super League plan. Had that not happened, Zhangs would have probably sold the club.

 

[dedalus77]

this is why i dont really understand it. Our revenue in 18/19 was 365mil approx, so our revenue isnt down much at all, but our losses have fucking soared.

There are only two real levers - actual expenditure, and non-cash losses. In the latter one, I dont think we even took many write downs last season? They were mainly this season where we took write downs (Nainggolan, JM, etc). So where is all the money going?

Yeah, it's absurd. I mean I can imagine a situation where our revenue plummeted to around 250mil (due to missed gate receipts and sponsorship payments, etc), while our payments went up to 500mil. But it boggles my mind that our revenue barely dropped despite being hit by COVID, and that we spent 150 mil more than last year.