The Suning Commerce Group

[.h.]

Even at that, how could we be running at such a huge expense? How much is our wage bill?

I seen during the week since Suning took over the number of staff on inters payroll has went from like 120 to over 600 people. Is that all needed?? Though that's drop in the ocean stuff.

Honestly I wouldn't look at the non player payroll. They provide vital infrastructure probably in many ways, and 400 staff in average salaries is like probably the same as Dzeko.

Our wage bill has come down a lot lately but we are still being hammered by some stupid amortization. Gagliardini, Correa, handanovic, skriniarz de vrij and dzeko will fix a bunch of that. Lukaku slisnt cheap either. The problem is then how do we replace them? Youth might replace some, but not all

 

[bubba zanetti]

Worst owners ever. Thank God we have Marotta and Inzaghi.

 

[Jane The Virgin]

We can't live in the past.

This season is over.

What happens from now until the end of the summer mercato is what matters.

If they sell anyone from our core group and try to replace him either with the Moneyball route or with "the next X player", we are doomed.

We need more than 100m in reinforcements. We desperately need a goalscoring machine, and partners for Bastoni. These are must buys.

Lukaku needs to go back, Lautaro needs a partner upfront that scores easily 20+ goals in a Serie A season.

I'm on the fence on Inzaghi just because he really neutralized the fuck out of Pep, which means he knows what he is doing but i don't know if he has it in him to win a Serie A title.

This is the time to spend. At least 4 starting players.

If we don't push now, it's over for at least 5 years.

 

[.h.]

We can't live in the past.

This season is over.

What happens from now until the end of the summer mercato is what matters.

If they sell anyone from our core group and try to replace him either with the Moneyball route or with "the next X player", we are doomed.

We need more than 100m in reinforcements. We desperately need a goalscoring machine, and partners for Bastoni. These are must buys.

Lukaku needs to go back, Lautaro needs a partner upfront that scores easily 20+ goals in a Serie A season.

I'm on the fence on Inzaghi just because he really neutralized the fuck out of Pep, which means he knows what he is doing but i don't know if he has it in him to win a Serie A title.

This is the time to spend. At least 4 starting players.

If we don't push now, it's over for at least 5 years.

Honestly I don't think we will. Esp if it's 60mil in losses this season. It's not even really a Zhang thing, this inter needs to massively increase commercial revenues or reduce our cost basis


It's partly an Italy thing - look at Juve losing so much money too, Roma etc. But Milan are profitable and they can splash a reasonable amount of cash. We are paying for having to write off bad transfers and bad debt, and then high wages

 

[Jane The Virgin]

We will never increase anything if we don't start winning things that matter and not cups and super cups.

And we will never win shit that matters with free transfers, loan+opt to buy or dry loans.

We've had this convo many times. It will end up the same again... Our own stadium, tv rights bla bla...

We need great players to win titles.

 

[.h.]

We will never increase anything if we don't start winning things that matter and not cups and super cups.

And we will never win shit that matters with free transfers, loan+opt to buy or dry loans.

We've had this convo many times. It will end up the same again... Our own stadium, tv rights bla bla...

We need great players to win titles.

We can sit here and argue about that as much as we want, but it won't happen under Zhang and I don't think it'd happen under a new management too. While this club loses 100mil a year, that IS the investment an owner makes into this business, they aren't gonna lose loads of money and then rop up another 200mil in transfers.

 

[CafeCordoba]

Yeah all the losses the club nets in a season is same as owner putting in money (own or external).

Let's hope Zhangs figure something out and fast. But thevsummer, July might be painful.

 

[.h.]

I don't think it will happen but some good releases could save a bit, a new sponsor.. doesn't Nike expire soon?

 

[CafeCordoba]

Nike expires in 2024. We NEED to get a lot better deal from them. Over 30m minimum or change the provider.

 

[PHM1605]

The only way to escape the doom cycle is our Primavera. We should not sell someone like Casadei @.h. I get your point on one's sold value and talent but I am not expecting them to be the new Lautaro or Barella either. The salary is ridiculously cheap and if he can consume minutes without damaging the team he is saving already tens of millions per year in terms of resource, conparing to e.g. Gags.

 

[.h.]

The only way to escape the doom cycle is our Primavera. We should not sell someone like Casadei @.h. I get your point on one's sold value and talent but I am not expecting them to be the new Lautaro or Barella either. The salary is ridiculously cheap and if he can consume minutes without damaging the team he is saving already tens of millions per year in terms of resource, conparing to e.g. Gags.

Mmm. This summer will be an interesting test of what we do tbh. We will see. I don't have any strong opinions of Fabian, but if we sell him for the sake of resigning someone like dzeko or de vrij duck that decision. K can accept it as part of say a frattesi swap

 

[Adriano@10]

Meh from everything it looks like zhang will try to keep on trucking the same way he did since conte left... Cut costs slightly try to increase revenue and slowly get there...
I d also argue that we re much closer to minus 50 after the cl run rather than 70 as claimed in the article... like if we were at -140 last year we made more than an extra 70 out of this CL run... plus i dont think we ve increase our costs of the squad that much this season and as far as i know serie a attendance and season ticket sales were also up from last year...
So i d hope we re a lot closer to -50 /40 rather than 70..
In terms of where these costs come from keep in mind that we have intrest payments in the hight of nearly 40 mio every fucken year..

 

[.h.]

Meh from everything it looks like zhang will try to keep on trucking the same way he did since conte left... Cut costs slightly try to increase revenue and slowly get there...
I d also argue that we re much closer to minus 50 after the cl run rather than 70 as claimed in the article... like if we were at -140 last year we made more than an extra 70 out of this CL run... plus i dont think we ve increase our costs of the squad that much this season and as far as i know serie a attendance and season ticket sales were also up from last year...
So i d hope we re a lot closer to -50 /40 rather than 70..
In terms of where these costs come from keep in mind that we have intrest payments in the hight of nearly 40 mio every fucken year..

This is kind of why I stopped analysing books/doing forecasts so much. There's a lot of volatility between seasons and all sorts of crap creeps in etc.

We will just have to see where we end up. I hope we drive ticket sales and season tickets from this, get a proper sponsor who won't fuck us, and nake some good decisions this sunmer

 

[dejavu]

We have been in financial turmoil since we won the treble in 2010 and I am sick of it. We need owners who are gonna come here and spend some heavy cash and not make us victims to their financial issues like Suning have done.

 

[Adriano@10]

This is kind of why I stopped analysing books/doing forecasts so much. There's a lot of volatility between seasons and all sorts of crap creeps in etc.

We will just have to see where we end up. I hope we drive ticket sales and season tickets from this, get a proper sponsor who won't fuck us, and nake some good decisions this sunmer

Yeah same and usually when you finally get to see the books it s not that interesting any more...
Thats why i say i expect the loss to be closer to 50 rather than 70 but it is an educated guess at best.

Anyways when t comes to the bigger picture it seems more and more to me like zhang wants to go for that hailmarry... They could have sold and walked away with a decent sum some time ago they did not. Now when there probably are decent suitors and again the zhangs could probably walk away with a decent sum his first goal is to renegotiate the loan so that he is not forced to sell...
I guess time will tell but i would not b surprised if we re not geting sold anytime soon

We have been in financial turmoil since we won the treble in 2010 and I am sick of it. We need owners who are gonna come here and spend some heavy cash and not make us victims to their financial issues like Suning have done.

I dont like to defend the zhangs but thats not what happened.... Our financial woes in 2010 were exactly cause moratti did a man city and overspent on us all these years....
Our current financial problems much like the ones under moratti come to a big part from suning overspending and spending a lot of money in shitty players when they first arrived and then going all out for Conte just before the world stops due to a pandemic.

 

[.h.]

We have been in financial turmoil since we won the treble in 2010 and I am sick of it. We need owners who are gonna come here and spend some heavy cash and not make us victims to their financial issues like Suning have done.

Tbh, short of a unicorn owner, that's not going to happen and I don't think wishing for it is a good idea really. All it takes is an FFP change - such as the one coming right now which limits our spending to 70%? Of our revenue to fuck that plan


I know I sound like an old man about it but commercial development and investment into infrastructure is what we need

 

[.h.]

Yeah same and usually when you finally get to see the books it s not that interesting any more...
Thats why i say i expect the loss to be closer to 50 rather than 70 but it is an educated guess at best.

Anyways when t comes to the bigger picture it seems more and more to me like zhang wants to go for that hailmarry... They could have sold and walked away with a decent sum some time ago they did not. Now when there probably are decent suitors and again the zhangs could probably walk away with a decent sum his first goal is to renegotiate the loan so that he is not forced to sell...
I guess time will tell but i would not b surprised if we re not geting sold anytime soon

Wonder if there's a minority stake sale coming then? That would give them a solution.. though I dunno how minority it would be considering the 600mil debt we have lmao

 

[Adriano@10]

Wonder if there's a minority stake sale coming then? That would give them a solution.. though I dunno how minority it would be considering the 600mil debt we have lmao

Thing is suning only has 65% of the club atm and i thought that the other 65% is pledged to Oaktree in case we default on that loan..... Kind of hard to imagine a minority owner coming in on that.

But i do think something is going on or zhang is completely delusional... Like the fact that he wants to renegotiate with Oaktree is what baffles me cause logically speaking oaktree has 0 reason to agree to any renegotiations and steven completly relies on their good will.....
Like since we signed that deal interest rates have soared up while i doubt our credit rating has moved much so why should oaktree give us a discount?

Only thing the zhang got on their side is the increase in revenue they managed and hopefully the increase in the value of the equity, still i find this to be an extremly hard pitch to make...

 

[.h.]

Could be wrong but I thought they'd taken over the lionrock share? Very true it looks messy situation for a minority owner, I just don't know how else we raise the equity to pay off debts. As you ? Posted above, the debts make a significant impact on the P&L for the year

 

[brehme1989]

There is interest to buy Inter and there are talks.

Problem is that it's hard to deal with these guys and they change their minds every 2 months.