New Investors

[.h.]

Like I said before, top clubs are rarely bought for pure financial gain.

On top of that, one has to consider some other things while valuing a top club. Things like history, brand, worldwide fan base, etc. Add that to the prestige of owning a top club, and the love of the game, and the figures usually go crazy. Even if you look at one of the more "professional investment" deals in recent history, Glazers take over of Man Utd, the figures are just not justified by the balance sheet & P&L. If I remember correctly, Man Utd's turnover was less than £100m pa, and profit after tax of about £14m. Yet the Glazers valued them around £800m.

I wouldn't be at all surprised if Moratti gets close to his Eur 300m valuation if he decides to sell the club. Hell, if I were a billionaire, I would consider it.

We are all crazy people, you know that.

United was a profitable club before the Glazers took over - posting 20.3m profit before they took over

http://www.telegraph.co.uk/finance/2847969/Man-Utd-chief-yet-to-meet-investors.html

their turnover was also well over £150m
http://production.investis.com/manutd/findata/respres/annrep03/annrep03.pdf - indeed its probably more than our current turnover.


The big difference is that United were still a profitable club. We lose 35-50% of our revenue every season, United at least post 10-15% profits... If you buy inter for £200m, you'd spend £70m a season JUST TO KEEP IT STATUS QUO. More over, United have REAL assets. They had Old Trafford - which in its own must be worth £200+ million,.



If you look at the financial report I posted above, United had net assets worth £200+ million in 2002, which is dominated by real estate (in the stadium). We have no such comparison. Their intangible assets are valued at 55million - and bearing in mind this is the Veron/Van Nistelrooy/etc era, how do you think we compare to that?

We're a bankrupt club. We are a LONG way from profitability, we are a LONG way from having any assets, we're completely fucked. That should be obvious - and thats why no one is offering to buy 15% of Inter, let alone all of it, except for one group of scammers which I SAID WOULD SCAM US BEFORE IT HAPPENED.

No fucking investor in the world will touch that.



Shit, would you give your money to a charity as badly run as Inter? I dont think so. Let alone as a fucking business proposition.

If Inter was listed on a stock market, we'd be valueless, and bankrupt. No company in the world survives with the losses we incur.



edit;
in terms of philanthropy to a football club, we're right at the bottom of the list. there are plenty of better clubs to invest in. why do you think moratti hasnt sold us so far? he was trying to sell us in 2005/2006, if someone wanted us, we'd have been gone

 

[Bluenine]

The big difference is that United were still a profitable club. We lose 35-50% of our revenue every season, United at least post 10-15% profits... If you buy inter for £200m, you'd spend £70m a season JUST TO KEEP IT STATUS QUO. More over, United have REAL assets. They had Old Trafford - which in its own must be worth £200+ million,.

The key point here is that even after all that, Man Utd were not worth £800m in 2003, the Glazers did pay way over the odds. That's where the intangibles come in.

Re Inter, the situation is not as bad as you are making out to be. Yes we have been makes losses of around 35-50% of our revenues in the past. But that is slowly changing. In 2007, our revenues were Eur 176m, and our loss was 206m! Now that was seriously ridiculous. In 2011, our revenues were 212m, and loss 86m. It has been slowly getting better since - in 2013, our revenues will probably drop to 160-180m levels, but still I expect our losses to be only around the 20-30m mark.

The biggest reason for our losses has been the high wage bill. In 2010, it was 234m. In 2011, it was 190m. Now, I expect it to be around 100m. The key ratio for evaluating the health of Italian clubs is the wage/turnover ratio. Lets look at how this is moving at Inter:

2010: 1.04! - our wage bill was even higher than our total revenues!
2011: 0.90
2013 (my estimate*): 0.65 - even accounting for the lack of CL revenues, this looks so much better. Its an healthy ratio even by UEFA's standards!

If we manage the exit of senior players (Milito, Stankovic, Samuel, Zanetti, Cambiasso) well, we can actually turn around this situation and just about hit profitability in 2014, even without CL football. It is possible. But I expect Moratti's plans are a bit different, and require regular CL football to hit profitability.

Basically what I am saying is that the situation is not as bad as it was, nor is it as bad as you are making it out to be. Why so negative, mate?


*while exact current figures are not known, my 2013 estimates are based on key changes over the last 2 years which impact revenues (CL, collective tv deal), wages & amortisation (transfers in & out).

 

[.h.]

I disagree....

Our 2013 will probably be about the 80m loss mark again, because of the substantial squad overhauls + loss of CL money. further add to this write down in values of people like forlan, pazzini...




We cant return to profitability without selling most of the first team.

see http://forzainterforums.com/showthr...al-situation&p=1099479&viewfull=1#post1099479

 

[DirettaInter]

http://www.fcinternews.it/?action=read&idnotizia=111057

 

[JJM]

http://www.fcinternews.it/?action=read&idnotizia=111057

not all of the people here understand Italian...

anyway it says that MM might soon get a new investor maybe Arab because he has good realations there

they keep writing that we will get new investors for a whole year and nothing happens...:derp:

 

[interista4]

Yep his oil buddies must have some nice cash to spare :megusta:

 

[Devious]

not all of the people here understand Italian...

anyway it says that MM might soon get a new investor maybe Arab because he has good realations there

they keep writing that we will get new investors for a whole year and nothing happens...:derp:

:datass:

 

[Black&Blue]

Inter on sale.
According to Zazzaroni (italian journalist),Moratti is negotiating with a rich billionair from Kazakhstan....
there was also a rich billionair from Singapore interested,the same that is now close at buying Atletico Madrid....

let's hope its true. we need fresh money,new air on the club and back being top club and ambitious.
http://www.fcinter1908.it/?action=read&idnotizia=78185

 

[I4E]

Inter on sale.
According to Zazzaroni (italian journalist),Moratti is negotiating with a rich billionair from Kazakhstan....
there was also a rich billionair from Singapore interested,the same that is now close at buying Atletico Madrid....

let's hope its true. we need fresh money,new air on the club and back being top club and ambitious.
http://www.fcinter1908.it/?action=read&idnotizia=78185

Just out of curiosity, what's a 'rich billionaire' ? someone with more figures in front of the 9 zeros ?

Example;

billionaire = €1 000 000 000

Rich billionaire = €10 000 000 000

 

[Devious]

Just out of curiosity, what's a 'rich billionaire' ? someone with more figures in front of the 9 zeros ?

Example;

billionaire = €1 000 000 000

Rich billionaire = €10 000 000 000

Hey you, beat it!

It`s obvious that a rich billionaire is a rich guy who`s got billion(s).

I can see why would a 'rich billionair' from the far east would value Inter more, specially if they know how to advertise their product there. Inter has as almost same reputation and number of fans as a well advertised team as Manutd around this area and Inter didnt even advrt there as much as Manutd are.

With more experience and cash we can create a good market in Asia better than any other European team.

So I hope it`s true.

 

[Ffi201zi002tlis]

so are we gonna buy Messi + C.Ronaldo + Falcao ? :dino:

 

[Mad Biscione]

so are we gonna buy Messi + C.Ronaldo + Falcao ? :dino:

yes, and Im alreayd proud of being on FIF before that happens

 

[KevinB]

May God have mercy upon the day an investor is confirmed.

Diretta will spam the Forum with players, line-ups, ...

Brace yourselves

Neymar, Falcao, Paulinho, Verratti, Jung are coming



blivious:

 

[.h.]

Brace yourselves

Optimism is coming

 

[Bam Bam 1+8]

"lets hope" some kazach billionaire takes over inter? what?!

you want to chose the way of "new/stranger owner" to get back to the tops? you prefer this way above the way of "long term working structures"?

I never had any doubts in Moratti. Because he isn't an investor. He is a die hard interista, he took the inheritance of his father, only the best of the club in mind. The is a big difference between some stranger investor and a real padrone to the club. Like all the italian presidents, there is difference in the realtion to their clubs, as in the new rich projects like PSG, Chelsea,...

I don't want to give that special/italian kind of club's management up, only to go the easy way into the future. I prefer a different way, that needs radical changes in the team, in parts of the management, in the work on revenues, stadium project,.... Working that well might take some years (maybe about 5) to get back into the tops of europe, instead of 1-2 years with a new investor.

But for me its worth that, if we develope in a lasting way, without loosing identity.

 

[.h.]

sigh

i find it funny how often people dont understand FFP.

 

[J..]

I will hate to see this club becoming a rich man tool.

 

[Me2]

I will hate to see this club becoming a rich man tool.

It's better to be 7th place every year or rich club?

 

[javier_zanetti <3]

I will hate to see this club becoming a rich man tool.

But i think you would like to see this club returns to the top.

 

[Mad Biscione]

sigh

i find it funny how often people dont understand FFP.

we need 200mil jersey sponsorship :notbad: