The Suning Commerce Group

.h.

Part time Lazarus
La Grande Inter
Joined
Jun 8, 2005
Messages
29,298
Likes
7,372
Favorite Player
Inter1-0Wanda
Old username
browha
Forum Supporter
10 years of FIF
you know whats actually super interesting, imho

the season before COVID, we were -11m loss. That's all. So fucking close to break even.


Our salary that season was 174m, with 96m amortisation. Our revenue was 417m, with only 40mil plusvalenza.

For whatever reason "other revenues" - matchday related, is way down. But its not a sponsorship category, that's separate, so I dont really understnad what it represents - Sponsorship was a bit over half of what it is now at 29mil.
 

.h.

Part time Lazarus
La Grande Inter
Joined
Jun 8, 2005
Messages
29,298
Likes
7,372
Favorite Player
Inter1-0Wanda
Old username
browha
Forum Supporter
10 years of FIF
Here's an interesting chart for everyone to review




Before anyone asks, I dont have a clue what the "Other" that swings -88mil for us is. It seems related to matchday revenue, but its not season tickets nor home day revenue, so I dont know what it is.

You can see our wages are higher by 43mil euros from 2019-2020, amortisation is higher by 29mil from 2019-2020, and in aggregate writedowns are -33mil (sponsorship and player value), with -49mil in financing costs as well.


That's how our P&L is about -140mil since 2019-2020, with almost 450mil euros in losses since then. We'll see what 22-23 looks like.



It might be related to COVID, though - 19-20 was the season COVID kicked in, and I dont have the books for 18-19. I couldnt find them, either, so if someone wants to dig them up I'm happy to look at them to compare.



So the theory of no investment kind of goes out the window, our squad in 21-22 cost >70mil a season more than 19-20. We'll have to see what 22/23 and, more importantly, 23/24 looks like to get a more up to date picture though. Books are about 3 months away frmo being released.
 
Last edited:

CafeCordoba

Moderator
Moderator
Joined
Mar 7, 2004
Messages
35,400
Likes
14,692
Favorite Player
Toro, Barella
10 years of FIF
If we dont sign a real Striker and CB im gona question Zhangs commitment, really hoping for some last minute magic
His commitments to reasonable sporting result should be questioned already with his reckless and illogical budget shenanigans in the mercato. Let's hope he at least releases funds for Pavard acquisition.
 

rsz85

Capitano
Capitano
Joined
May 30, 2007
Messages
3,161
Likes
114
Favorite Player
JC7;MS37;YK17
10 years of FIF
Today there is a C&F article on fcinternews, that all the cost impact of the 10 arriving for next season is only 58 million (loan fee, ammortization, gross salary), while the positive impact of the departures (Brozo, Lukaku etc.) is 175 million. great job Marrotta.

IF we will be again in RED this season, after SUCH radical changes, i dont know what should be more done to this club.

the whole costs of the squad is reduced around -20% vs. 22/23 season.
 

CafeCordoba

Moderator
Moderator
Joined
Mar 7, 2004
Messages
35,400
Likes
14,692
Favorite Player
Toro, Barella
10 years of FIF
Yeah that's quite massive. Hopefully Pavard comes in, that's gonna reduce the cost reduction a bit. But it will be worth it.
 

rsz85

Capitano
Capitano
Joined
May 30, 2007
Messages
3,161
Likes
114
Favorite Player
JC7;MS37;YK17
10 years of FIF
Yeah that's quite massive. Hopefully Pavard comes in, that's gonna reduce the cost reduction a bit. But it will be worth it.
definitely.

seeing this season as a "MUST BE FINISHING in TOP4" due to new, richer CL, idont quite understand the risk-game what is played on squad level by management. of course we still have 2 weeks and a Pavard can be done with this above numbers. and an attacker also can be signed in January if needed.
 

Gal

Capitano
Capitano
Joined
Jul 18, 2022
Messages
1,427
Likes
1,076
definitely.

seeing this season as a "MUST BE FINISHING in TOP4" due to new, richer CL, idont quite understand the risk-game what is played on squad level by management. of course we still have 2 weeks and a Pavard can be done with this above numbers. and an attacker also can be signed in January if needed.

The club need to comply to the FFP cap regulations also called squad cost ratio this will be reduced by 10% every summer until it hit 70% by 2025. It also only allows a 60m deficit over a 3 year period. So depending on where Inter is in that process, this would in itself force Inter to cut down of said expenses (salary, agent fees, player expenses).

Also just generally making the financial situation more healthy might not be an entirely stupid thing to do. Planning budget after getting far in CL is l incredibly risky, even being completely dependent on being part of the tournament is really a high risk decision, as you will undoubtedly have years where that goal won’t happen and then what. It’s also why Inter need to strengthen its base income and for that we need that stadium, we need better sponsorship deals.

All that we know in about 3 months time, it will be easier to see then why the management did what it did.

Anyway we already improved on the sponsor part compared to last term, the payroll been reduced by about 20% so it’s step in the right direction, so hopefully the club aren’t far from complying to next year requirements.
 

.h.

Part time Lazarus
La Grande Inter
Joined
Jun 8, 2005
Messages
29,298
Likes
7,372
Favorite Player
Inter1-0Wanda
Old username
browha
Forum Supporter
10 years of FIF
The club need to comply to the FFP cap regulations also called squad cost ratio this will be reduced by 10% every summer until it hit 70% by 2025. It also only allows a 60m deficit over a 3 year period. So depending on where Inter is in that process, this would in itself force Inter to cut down of said expenses (salary, agent fees, player expenses).

Also just generally making the financial situation more healthy might not be an entirely stupid thing to do. Planning budget after getting far in CL is l incredibly risky, even being completely dependent on being part of the tournament is really a high risk decision, as you will undoubtedly have years where that goal won’t happen and then what. It’s also why Inter need to strengthen its base income and for that we need that stadium, we need better sponsorship deals.

All that we know in about 3 months time, it will be easier to see then why the management did what it did.

Anyway we already improved on the sponsor part compared to last term, the payroll been reduced by about 20% so it’s step in the right direction, so hopefully the club aren’t far from complying to next year requirements.
And in 21-22 we took 45m of write downs between sponsors and players. I assume digitalbits should have a write down in last season but may be wrong, so hopefully at least that component of our loss from 21/22 is gone as well.

Relative to 21/22, for 22-23 CL revenues will be much higher but we lose 60m of plusvalenza because lukaku/hakimi. Amortisation and stuff should come down though. This year should be significantly lower than 21/22.
 
  • Like
Reactions: Gal

Fitzy

La Grande Inter
La Grande Inter
Joined
Aug 21, 2009
Messages
12,397
Likes
3,831
Favorite Player
Zanetti
Forum Supporter
Most Humorous Member
10 years of FIF
I wasn't sure whether to pose this question to the brains here or in the Financial thread, but how much would failing to finish in a CL spot this year absolutely ruin whatever faux Moneyball bullshit we're attempting to implement at the moment?
 

.h.

Part time Lazarus
La Grande Inter
Joined
Jun 8, 2005
Messages
29,298
Likes
7,372
Favorite Player
Inter1-0Wanda
Old username
browha
Forum Supporter
10 years of FIF
I wasn't sure whether to pose this question to the brains here or in the Financial thread, but how much would failing to finish in a CL spot this year absolutely ruin whatever faux Moneyball bullshit we're attempting to implement at the moment?

It's hard to say without the specific numbers for this year, but in general, CL revenue makes up like a quarter to a third of our revenue so it'd be a complete disaster.
 

Pickelhaupt

Primavera
Primavera
Joined
Jul 25, 2023
Messages
39
Likes
61
For whatever reason "other revenues" - matchday related, is way down. But its not a sponsorship category, that's separate, so I dont really understnad what it represents - Sponsorship was a bit over half of what it is now at 29mil.
It is related to sponsorships, but separate from ”official” sponsorships such as main shirt sponsor and the deal with Nike. The explanations below the table state that the decline is due to a loss of contracts with FullShare Holding Ltd, Lvmama and Beijing Yixinshijie Culture Development Co Ltd, which guaranteed an annual consideration of Euro 45 million.
 

.h.

Part time Lazarus
La Grande Inter
Joined
Jun 8, 2005
Messages
29,298
Likes
7,372
Favorite Player
Inter1-0Wanda
Old username
browha
Forum Supporter
10 years of FIF
It is related to sponsorships, but separate from ”official” sponsorships such as main shirt sponsor and the deal with Nike. The explanations below the table state that the decline is due to a loss of contracts with FullShare Holding Ltd, Lvmama and Beijing Yixinshijie Culture Development Co Ltd, which guaranteed an annual consideration of Euro 45 million.
Ah thanks! I assumed it was match day related income because of the category.

Thanks for the spot
 

Fitzy

La Grande Inter
La Grande Inter
Joined
Aug 21, 2009
Messages
12,397
Likes
3,831
Favorite Player
Zanetti
Forum Supporter
Most Humorous Member
10 years of FIF
It's hard to say without the specific numbers for this year, but in general, CL revenue makes up like a quarter to a third of our revenue so it'd be a complete disaster.
Cheers (brow)h(a), I was thinking that way. Btw, I consider myself financially dyslexic. I thought I'd ask the "Brains-Trust" here, who know better.

I pose another question... If you were performing a risk assessment on spending an extra 10-20 million (amortisation, accounted for) on a striker or a defender (tbh, a RWB is quite important), would you do this to avoid missing qualification?
 

wera

might be Deadpool
La Grande Inter
Joined
Mar 28, 2011
Messages
32,837
Likes
11,707
Favorite Player
Bea Arthur
10 years of FIF
Most Diverse Poster
I've been surprised by our team here and there since we got back to CL because we seemingly keep getting worse every summer but keep being a top3 team in Serie A ever since Spalletti left. Sure, that's only 4 seasons for now, but IF Pavard also comes, I think we'll be top3 again. At least we'll have enough quality at the back to play 3 competitions on a level that is expected of a big (although moneyleaking) club
 

.h.

Part time Lazarus
La Grande Inter
Joined
Jun 8, 2005
Messages
29,298
Likes
7,372
Favorite Player
Inter1-0Wanda
Old username
browha
Forum Supporter
10 years of FIF
Cheers (brow)h(a), I was thinking that way. Btw, I consider myself financially dyslexic. I thought I'd ask the "Brains-Trust" here, who know better.

I pose another question... If you were performing a risk assessment on spending an extra 10-20 million (amortisation, accounted for) on a striker or a defender (tbh, a RWB is quite important), would you do this to avoid missing qualification?
If it was me I'd have no problem spending an extra 20-30mil a year on a couple of players to reduce the risk of not getting CL
 

Fitzy

La Grande Inter
La Grande Inter
Joined
Aug 21, 2009
Messages
12,397
Likes
3,831
Favorite Player
Zanetti
Forum Supporter
Most Humorous Member
10 years of FIF
If it was me I'd have no problem spending an extra 20-30mil a year on a couple of players to reduce the risk of not getting CL
Sign us up.

Benvenuto Pavard, Orban, Fitzy in an advisory role, etc.
 
  • Like
Reactions: .h.

Fitzy

La Grande Inter
La Grande Inter
Joined
Aug 21, 2009
Messages
12,397
Likes
3,831
Favorite Player
Zanetti
Forum Supporter
Most Humorous Member
10 years of FIF
I was just floating the question of how much the sporting aspect pays into the financial. How much should the club to pander to Suning's demands rather than servicing its own, and whether that backfires on Suning in the end. What's the risk? Maybe priorities are wrong? People get paid to figure this out, apparently.
 

CafeCordoba

Moderator
Moderator
Joined
Mar 7, 2004
Messages
35,400
Likes
14,692
Favorite Player
Toro, Barella
10 years of FIF
And in 21-22 we took 45m of write downs between sponsors and players. I assume digitalbits should have a write down in last season but may be wrong, so hopefully at least that component of our loss from 21/22 is gone as well.

Relative to 21/22, for 22-23 CL revenues will be much higher but we lose 60m of plusvalenza because lukaku/hakimi. Amortisation and stuff should come down though. This year should be significantly lower than 21/22.
For this season, players costs should be seriously down added with the plusvalenza. As the charts above show, over 100m in combination of plusvalenza + cost reductions.
 
  • Like
Reactions: .h.
Top