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Ehh, if anything Oaktree is more of a vulture fund, while Goldman is just a big bulge bracket. You're being a tad dramatic as usual.You know your in deep shit when you go begging at Goldman Sachs office… If there is any sort of truth in this we went from a bad deal (oaktree) to catastrophic making a deal with the Devil himself.
This is literally like tell me your desperate without telling me your desperate.
Just bloody sell the club if this is the alternative.
Ehh, if anything Oaktree is more of a vulture fund, while Goldman is just a big bulge bracket. You're being a tad dramatic as usual.
Get a grip bro.Oaktree in fundamentally an alternative investment fond, they make high risk investments their core investments.
Goldman has for long been known for being one of the absolute worst most opertunistic investment banks with no ethical standards, speculation that drive up prices, they are literally the villains of our modern world and economic construction. You simply don’t find many who can brag about having such negative consequences as they have.
That was a close one
This according to today’s print edition of Italian business newspaper Il Sole 24 Ore. For several years, teams in Serie A have been able to benefit from the Growth Decree. The policy is an economic incentive to bring foreign workers to Italy.
Essentially under the Growth Decree the tax rate on wages of certain eligible workers, are lower.
The ramifications for football have been significant. Teams in Serie A, particularly those at the top, have been able to make big name signings without spending as much as they otherwise would have.
In other words, clubs’ gross expenditures on the net wages of certain players from abroad has been lower.
For Inter, the signings of French international duo Marcus Thuram and Benjamin Pavard this summer has been an example of a team being able to apply the policy.
Meanwhile, the Nerazzurri’s city rivals AC Milan applied the Growth Decree to three of their summer signings. All of Christian Pulisic, Ruben Loftus-Cheek, and Tijani Reijnders arrived from abroad.
Juventus brought in US international Timothy Weah from Lille. And Roma signed the likes of Houssem Aouar and Evan N’Dicka on free transfers.
They are trying to squeeze as much as possibleThe effects would be obvious. This could be a blow for top sides in Serie A having the ability to sign big name players.
But on the other hand, Il Sole 24 Ore report, Sports Minister Andrea Abodi is also working on some compromise solutions.
Firstly, the change of policy should only take effect next January. Therefore, it would not be applicable to signings from this past summer.
And moreover, it could continue to apply to players whose contracts are extended, for no longer than five-year deals.
FC INTERNAZIONALE MILANO SPA SHAREHOLDERS’ MEETING APPROVES FINANCIAL RESULTS FOR 2022/23
CLUB — 1 hour ago
- Shareholders approve financial statement for year ending 30 June 2023, with a significant reduction of losses (down €55m to -€85m).
- Increase in total revenue excluding impact of player trading (+€60m).
- Turnover stands at €425m.
- Majority shareholder continues to support club’s growth and ambitions with €51m of new funds and €86m recapitalisation.
- UEFA Settlement Agreement complied with.
“We have provided the head coach with a comprehensive and highly competitive squad, all while meeting the financial needs of reducing labour costs that underscore the club’s vision for ethical, sustainable growth and respecting the parameters of UEFA’s new settlement agreement.” - Sport CEO Giuseppe Marotta
“The financial year which ended on 30 June 2023 was marked by a significant decrease in terms of losses, achieved thanks to consistent increase in revenue in our core business along with further decreases to our operating costs. Thanks to the efforts of every area of the business and with the majority shareholder supporting the club’s ambitions, we continue to pursue our aim of creating a winning formula between competitiveness on the pitch at the highest level, the essence of our core business, allied to economic and financial sustainability. These two aspects, what occurs on the pitch and what goes on off it, are inextricably linked and they both contribute to the healthy development of our sport. Our most important mid-to-long-term goal is the construction of a new stadium owned by Inter. Time is the crucial factor now and our current focus is on plans to build a new stadium in the Rozzano neighbourhood.” - Corporate CEO Alessandro Antonello
Do you like it?The financial year ending 30 June 2023 saw a further significant reduction in losses when compared to the 2021/22 financial year, from €140 million to €85 million, marking a decrease of €55 million. Total revenues for the season amounted to €425 million, an increase of around €60 million excluding player trading.
In the first season since 2020 to be played with the stadium gates fully open, the team reached the UEFA Champions League final and recorded the club’s highest-ever matchday revenues of around €80 million. Income from audiovisual rights also increased significantly as a result of the team’s exceptional performances, which brought two new pieces of silverware to the club’s trophy cabinet: a ninth Coppa Italia and seventh Italian Super Cup.
Operating costs fell from €528 million to €465.5 million while actions taken in the transfer window in the summer of 2022 cut the club's wage bill.
During the 2023 calendar year, the majority shareholder provided new shareholder loans for a value of €51 million and recapitalised the club with €86m. These investments helped support the club’s sporting ambitions, improve infrastructure and develop Inter on an organisational level.
Based on the results in the financial statement approved at today’s meeting, the club takes the view that it has complied with the terms of the UEFA Settlement Agreement and excludes the possibility of sanctions in relation to last season.
Very soon I imagine there will be no top players playing in the league
My advice is to just focus on following the actual football if these financial issues bother or frustrate people too much. Numbers are bad, some deals are bad but no reason to be too frustrated.Not to mention the new Serie A TV deal is very crap too.
I don't know how people aren't more frustrated. This club literally loses money even if we get to the CL final and have fantastic attendances.
Very little the team does on the pitch when we play in league which is losing popularity and when the club cannot manage to increase revenue. Very soon I imagine there will be no top players playing in the league
Given our financial struggles we remain surprisingly competitive in both Italy and Europe. Congrats to Beppe and the team for squeezing every last drop out of this organization.Calcio e Finanza reported we've made 48m at CL so far:
Bonus partecipazione: 15,64 milioni di euro
Ranking storico: 20,5 milioni
Market pool 1: 3,4 milioni
Bonus risultati: 6,53 milioni
Market pool 2: 2,3 milioni
TOTALE: 48,37 milioni
We will be getting this to over 60m with the qualification to the knockouts. Quarters and it's over 70m.
Then add all the gate revenues (which might not be THAT much given small name teams in groups).
Superleague only makes sense if you surgically mutate 99.99% of the stadium going people in half of Europe.our only out is the super league or some economic miracle and demographic reversal of Italy.. both equally unlikely.