Inter's Financial Situation

[SempreInter]

Lucas time :slick:

Hope it happens I just want a secure future for Inter though. Just hope that Kenneth guy wants to use some of his contacts to good use for some future transfers.

 

[Handoyo]

Very very interesting news

Let's not suck each other's dick yet though. If our focus is FFP, which I believe is more on the revenue vs expenditure side, then even a trillion Euros of investment means nothing since it's not revenue.

One thing I'd like to mention though, it's that I personally don't believe in all this public financial reports when it comes to any Chinese/Asian company. I'm pretty sure they cook their books to either 1) Enlarge it to attract investors or 2) Decrease it in order to pay less tax.

 

[Fitzy]

Let's not suck each other's dick yet though.

wasn't the someone's sig at some point?

 

[Handoyo]

Yes it was.

By the way, don't know if anyone else noticed, but if you read the official news from inter.it (http://www.inter.it/aas/news/reader?N=40469&L=en) and not from other websites, neither China Railway 15th Bureau Group nor China Railway Construction Corporation is the investor. We are just starting the stadium project with them.

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"Internazionale Holding S.r.l. announces that today it has reached an agreement which envisages the acquisition of a stake in F.C. Internazionale S.p.A. by a group of Chinese investors."

"At the same time China Railway 15th Bureau Group Co., Ltd., a company controlled by China Railway Construction Corporation, and F.C. Internazionale S.p.A. have started a joint effort for the construction of a new proprietary stadium expected to be completed by 2017."

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Let's hope there will be more clarifications in the upcoming days

 

[ur-um]

China Railway? I remembered hearing that name somewhere, football related, just a few months ago.

Wall Street Journal had a detailed article, definitely worth digging up if you're a subscriber.

Here's a free -- and more "polite" -- write-up from ft.com.
http://blogs.ft.com/beyond-brics/2011/06/07/poland-to-china-pay-up-now/

Don't know if "China Railway Construction Corporation" and "China Railway Group" are the same entities, though.

 

[snake]

wasn't the someone's sig at some point?

Winston Wolf. Pulp fiction. Please tell me you've seen it :/

 

[Fitzy]

Winston Wolf. Pulp fiction. Please tell me you've seen it :/

That's it!

 

[CityFanInPeace]

Good to get in with Chinese. They have money and good at building. Maybe your new stadium look like Bird's Nest.

 

[SempreInter]

Yes it was.

By the way, don't know if anyone else noticed, but if you read the official news from inter.it (http://www.inter.it/aas/news/reader?N=40469&L=en) and not from other websites, neither China Railway 15th Bureau Group nor China Railway Construction Corporation is the investor. We are just starting the stadium project with them.

==========

"Internazionale Holding S.r.l. announces that today it has reached an agreement which envisages the acquisition of a stake in F.C. Internazionale S.p.A. by a group of Chinese investors."

"At the same time China Railway 15th Bureau Group Co., Ltd., a company controlled by China Railway Construction Corporation, and F.C. Internazionale S.p.A. have started a joint effort for the construction of a new proprietary stadium expected to be completed by 2017."

==========

Let's hope there will be more clarifications in the upcoming days

One of the investors works for and represents CRCC pretty much the same thing. The other the guy tried to take over Liverpool and also has numerous financial investments and partners worldwide. Future investment and capital is possible although unlikely and not really needed in discussions yet. A new stadium (the design is something I'm excited to see and I hope I'm not disappointed by it. I hope they take influence from Inters history and it's logo/logos.

 

[Akif]

As some of you may have realized, we're not economically stable yet. The capital acquisition made by the Chinese will not directly injected towards the club, because the money is rightly belong to the shareholders. Thus, it only gives breath of relief for the shareholders who is until up to now covering the club's massive expenses. The good news is the acquisition clearly reflects the new investors' belief in our club's business plan, but that's it. There're so many works the management has to do before we're categorized as 'economically stable', such as reducing wage bills, selling TV rights, and last but not least, constructing the new stadium, which I believe as their strongest incentive to invest within the club.

The bottom line is, it's not a sin to cherish one of the most important milestone in the club's history, but let's put our feet on the ground at least until we see what the management is capable of.

 

[SempreInter]

As some of you may have realized, we're not economically stable yet. The capital acquisition made by the Chinese will not directly injected towards the club, because the money is rightly belong to the shareholders. Thus, it only gives breath of relief for the shareholders who is until up to now covering the club's massive expenses. The good news is the acquisition clearly reflects the new investors' belief in our club's business plan, but that's it. There're so many works the management has to do before we're categorized as 'economically stable', such as reducing wage bills, selling TV rights, and last but not least, constructing the new stadium, which I believe as their strongest incentive to invest within the club.

The bottom line is, it's not a sin to cherish one of the most important milestone in the club's history, but let's put our feet on the ground at least until we see what the management is capable of.

Reduced wage bill is already being executed forced on us (not by choice) TV rights isn't that now down based on performances + league position and split between all competing Serie A teams or am I missing something. The only that can improve on that front like the EPL is an increase in future TV deals unlike La Liga this means the whole league can stay in business. Financially healthy as you've said is an entirely different proposal throughout the league but their certainly better off than their La Liga Counterparts the mid table/bottom of the ladder teams that's for sure. Juventus are currently in the driving seat and seeing as this deal doesn't change our financial position until 2017/2018 season we have a while to wait yet. However improved commercial dealings within China/The far east could contribute to another TV deal for that market if that's what you were talking about that could be huge for the club as well.

 

[.h.]

Very very interesting news

Let's not suck each other's dick yet though. If our focus is FFP, which I believe is more on the revenue vs expenditure side, then even a trillion Euros of investment means nothing since it's not revenue.

One thing I'd like to mention though, it's that I personally don't believe in all this public financial reports when it comes to any Chinese/Asian company. I'm pretty sure they cook their books to either 1) Enlarge it to attract investors or 2) Decrease it in order to pay less tax.

Meh, no, I don't agree at all.

I don't think any company 'this big' will cook their books - especially when listed on the HKG stock exchange./ there's a fuck load of corporate governance stuff and I know for a fact the due diligence before any company lists on HKG is very rigorous

 

[Akif]

You're right, Serie A sells its TV right collectively not individually. Pardon me for that mistake

 

[.h.]

PS Han, check your inbox

 

[Johnny Ludlow]

wasn't the someone's sig at some point?

It was CafeCordoba's sig for like... 6 years.

 

[.h.]

Okay, so

It seems the deal is not directly with CRCC.

Instead, the deal is with an investment group derived from CRCC, but fronted by this guy Kenneth Huang & Hong Kong based QSL Sports Ltd.


CRCC are just going to build the stadium

 

[rockball]

So I understand the Chinese company will incur the cost of building a stadium and in return get a 15% stake in Inter, which they may monetize later by selling or take some revenues.

But 5 years is a long time. If they have finalized a place and have the necessary formalities done in 5-6 months, then it should come sooner. Chinese are good at building stuff and surely they can manage it in 2-3 years.

 

[.h.]

Its worth pointing out this guy is the one who tried the disasterous failed takeover bid of Liverpool when H&G left.


http://www.sportingintelligence.com...ney-or-route’-to-buy-the-club-himself-020806/


The guy is a wheeler dealer. He's basically a middleman. He has no real wealth, either.


The more I find out about this, the more I think we've been scammed... He's lied in court under oath, he's completely unknown in China & Hong Kong, and he's on our fucking board....

Moratti been scammed I think.

 

[Suneet]

We got some money for our shares. And they will build the stadium and their holding goes up. But MM remains in control. We pay off any debts. We get newer loans against assets(stadium). Scammed? No. The Huang guy is fishy agreed, but the Chinese government is the parent company of CRCC. Huang is a representative on the board because he seems to be the only guy who knows about Sports Franchises in China. I'd like to be scammed by this.

We cant get everything.

 

[I4E]

Its worth pointing out this guy is the one who tried the disasterous failed takeover bid of Liverpool when H&G left.


http://www.sportingintelligence.com...ney-or-route’-to-buy-the-club-himself-020806/

The guy is a wheeler dealer. He's basically a middleman. He has no real wealth, either.


The more I find out about this, the more I think we've been scammed... He's lied in court under oath, he's completely unknown in China & Hong Kong, and he's on our fucking board....

Brilliant....

Sounds like our old owner.... Ernesto Pellegrini :slick: