50mln is very underwhelming. Inter will at least double that.
Wysłane z mojego FRD-L09 przy użyciu Tapatalka
It depends. If the Juventus is willing to invest, 50 is way too low. But if they want to keep debt levels the same - the annual cash flow probably doesn't permit much more than that. That being said EBITDA (Earnings before tax, interest, depreciation) is growing RAPIDLY, as is revenue. As a result, the companies debt as a percentage of its profit will drop. If the company wants to keep that steady, they can invest more. And if the company is ok with raising debt levels to those of a few years ago...well, that's where 125 million or even 150 could be possible.
Also remember - its net spend I'm talking about. Gross spend could include divestitures.
Imagine we want to be aggressive - 150 million of net spend. That will take us to the top of the healthy range for debt levels. That will also include divestitures:
-Lemina, Zaza, Coman, Asamoah = ~75MM
-Benatia, Cuadrado = ~40MM
Suppose that nets us 35MM in profit. Add that to 150= 185MM. I can't see us going higher than that. That would be obscene. Well, unless we sell Dybala.