Inter's Financial Situation

[William]

At least it's a company with real money

Will they pay us through PayPal…

 

[DARi0]

Ebay is our new sleeve sponsor

https://twitter.com/x/status/1604876679490416651

INTER ANNOUNCE NEW SHIRT SPONSORSHIP DEAL

Inter have announced eBay are their new sleeve sponsors in a deal worth €5m per season, while a change of rules could open up to more revenue streams.

The Nerazzurri have had problems with their sponsorship agreements so far this season, as DigitalBits were meant to be the main shirt sponsors, but failed to keep up payments and their logo was scrubbed from the jerseys, their website and around the training ground.

According to La Gazzetta dello Sport, the new deal with eBay is for the sleeve sponsorship and will be a two-year contract, with option to extend for another year, worth €5m per season plus bonuses.

Their logo will appear on the sleeve of the men’s team in Serie A and the Champions League, the women’s team and the youth squad.

Inter are looking for more revenue streams and that could be made possible by a potential change in the Government’s approach to betting advertising.

It had been banned from football, but looks as if that will be lifted, so LeoVegas are in line to do a deal with Inter, claim FCInterNews.it.

 

[Ethor]

Still woeful sponsors regardless of the monies....

 

[DARi0]

Tuttosh1t: Binance, Hisense, and LeoVegas are among the three major candidates to replace cryptocurrency company DigitalBits as Inter’s main shirt sponsor

Binance are also sponsoring Lazio and they seem to have solid investors, unlike FTX.

 

[.h.]

I'm no crypto expert, but Binance are having a massive run on withdrawals at the moment, they keep telling everyone publicly they're fine, which every finance person will tell you is a good sign that hey arent fine

 

[brehme1989]

There's no such thing as crypto and fine.

 

[YoramG]

How we haven't ended up with Hisense yet is mind boggling

 

[DARi0]

I'm no crypto expert, but Binance are having a massive run on withdrawals at the moment, they keep telling everyone publicly they're fine, which every finance person will tell you is a good sign that hey arent fine

That`s correct, because the only crypto you own is the ones in your wallet (hot or cold).
Crypto influnecers have been urging investors/traders to pull out from exchanges because it`s risky to leave it there.

This was trending after allegdly the 3rd biggest crypto exchange [FTX] collapsed. FTX were doing insane stuff with the money (taking advantage of lack of regulations) and have been pumping money into US politicians to sustain the scam as much as possible.

Binance is a different animal, they are from China (!) and seem to hold on very well in spite of everything going on. They have been setting up instances all over Europe, so in case USA pulls some hard regulation they can still go on and generate profits.

There's no such thing as crypto and fine.

Everyone`s risk tolerance is different, but you seem to have a strong opinion on this. What`s your argument?

Maybe we need a separate thread for crypto somewhere here on FIF

 

[IM21]

grande

https://twitter.com/x/status/1605281118747598849

 

[YoramG]

If I had fucked up at work to the magnitude that Antonello has here, I'd be fired and blacklisted from the company.

By the way, I'm fairly sure Roma are still getting paid by DigitalBits.

 

[Helenio Herrera]

Signing with a shady sponsor with close to zero down payment and no further assurances is idiotic and surely is a sackable offense.

 

[IM21]

Legend

https://twitter.com/x/status/1605273568224354316

 

[K.I.]

Salute to General Zhang

 

[Ethor]

Stevie's financial wizardry continues....

 

[PHM1605]

Don't worry, if DigitalBits can't pay we will sell Lautaro to cover...

sElf-FiNaNcE or so he said.

 

[cloudq]

So when do we sue DigitalShits' asses off?

 

[Batista]

Given the global increase in interest rates, what is he going to renegotiate ?

ZHANG WORKING TO REFINANCE INTER’S OAKTREE DEBTS​

Dec 21, 2022 08:40 - by Apollo Heyes - Leave a Comment

Today is Inter president Steven Zhang’s 31st birthday and he has made it clear that he has no intention of selling the club as he works to refinance the club’s €295m debts with Oaktree.
La Gazzetta dello Sport details how the Nerazzurri president is looking for solutions to the Milanese outfit’s €295m debut plus 12% interest with US fund Oaktree, which is due in May 2024. Zhang is working to refinance this debt, either with Oaktree or another partner, and has underlined his intentions not to sell Inter, despite regular rumours in the media.
Zhang himself discussed his plans at Inter’s Christmas dinner last night, detailing his intentions and where he wants the club to go next.
“Our goal is to win, to inspire and entertain people, it must be in the spirit of this club always, in every season. When I arrived at the helm of this club I thought it would be difficult, if not impossible, to win.
“We lifted three trophies, we went to the Round of 16 in the Champions League two years in a row. And this was achieved thanks to the work of everyone.
“Inter will always have the goal of winning in the future. And of course we also want to do it in 2023, trying to achieve another goal as well, to be among the top eight teams in Europe.”
Zhang reportedly went wild during the party, toasting, singing loudly and dancing to the ‘We are Inter’ song. Despite the club’s tough financial situation, his and Suning’s commitment is seemingly concrete and now the goal is to refinance the €295m debt.

 

[.h.]

ass or mouth as collateral

 

[YoramG]

At this point, do we hope that Zhang defaults on the repayments and we end up as an Oaktree property?

I imagine they’d want to move us on pretty quick, but I don’t know what kind of ownership we’d end up with through that scenario.

 

[.h.]

TBH, Oaktree will primarily focus on getting their money back - which isnt actually a huge sum, so it might be good for Inter. Sell us cheaper, new owners wont see it as burdensome to invest in 300m or something hopefully