The Financial Situation (39 Viewers)
- Thread starter ReBeL
- Start date
Dont forget the new Serie A TV deal 
... time to move out of italy
Inter 'shouldn’t be registered in Serie A’ | Football Italia
A leading Italian financial newspaper says Inter’s accounts should have prevented them from registering for Serie A.
While the FIGC and the Lega Serie A don’t apply UEFA’s Financial Fair Play rules, there are nonetheless measures in place whereby clubs have to prove their finances to register ahead of the season.
Today Gianni Dragoni of Il Sole 24 Ore has analysed the club’s recent financial results and concluded “one wonders how the Nerazzurri can be admitted to the Serie A championship”.
The consolidated net equity was negative to the tune of €83.41m up to June 30 2017, which is €29m worse than 12 months previously.
That means the capital injected by the shareholders is insufficient to cover losses, with the club having made losses for years.
Last year the net loss was €24.6m, though that is an improvement on the €63.1m in 2016.
In the last financial year, total consolidated debt increased to €637.56m, almost €150m more than the previous year.
Shareholder loans accounted for €221m, with bank debt at €208m and debts for player purchases at €112.5m.
Inter are majority owned by Suning Group at 68.55 per cent, with another 31.05 per cent for Erick Thohir and 0.4 per cent other shareholders.
The Chinese owners took over in the summer of 2016 and granted shareholder loans for a total of €298m, the final tranche of which was €81m in July and August 2017.
There was also a €142m capital increase, which the money largely used to pay debts and interest.
To keep to the 2014 FFP agreement with UEFA, the club has pledged to break even up to June 30 2017, or face a fine of €7m.
Il Sole 24 Ore believes they are confident of achieving that, as UEFA allows certain costs such as stadium upkeep and youth academies to be separated out.
It should be noted that Suning Group had a revenue of around €19bn in 2016, with Inter owner Jindong Zhang said to be worth around €5bn.
Lol
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Happy to support a club that ensures a healthy balance sheet.
A leading Italian financial newspaper says Inter’s accounts should have prevented them from registering for Serie A.
While the FIGC and the Lega Serie A don’t apply UEFA’s Financial Fair Play rules, there are nonetheless measures in place whereby clubs have to prove their finances to register ahead of the season.
Today Gianni Dragoni of Il Sole 24 Ore has analysed the club’s recent financial results and concluded “one wonders how the Nerazzurri can be admitted to the Serie A championship”.
The consolidated net equity was negative to the tune of €83.41m up to June 30 2017, which is €29m worse than 12 months previously.
That means the capital injected by the shareholders is insufficient to cover losses, with the club having made losses for years.
Last year the net loss was €24.6m, though that is an improvement on the €63.1m in 2016.
In the last financial year, total consolidated debt increased to €637.56m, almost €150m more than the previous year.
Shareholder loans accounted for €221m, with bank debt at €208m and debts for player purchases at €112.5m.
Inter are majority owned by Suning Group at 68.55 per cent, with another 31.05 per cent for Erick Thohir and 0.4 per cent other shareholders.
The Chinese owners took over in the summer of 2016 and granted shareholder loans for a total of €298m, the final tranche of which was €81m in July and August 2017.
There was also a €142m capital increase, which the money largely used to pay debts and interest.
To keep to the 2014 FFP agreement with UEFA, the club has pledged to break even up to June 30 2017, or face a fine of €7m.
Il Sole 24 Ore believes they are confident of achieving that, as UEFA allows certain costs such as stadium upkeep and youth academies to be separated out.
It should be noted that Suning Group had a revenue of around €19bn in 2016, with Inter owner Jindong Zhang said to be worth around €5bn.
Lol
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Happy to support a club that ensures a healthy balance sheet.
that's not. an italian team needs to be up there with the best clubs, and only juve have the chance to do that. you can call that a right business choice, take away some $$$ from ONLY ONE team, the best one 
i can't find any explanation for the change of contributions of the two chinese clubs either, but the cut juve received is plain stupid. juve is the ONLY disfavored team of the new system, that's what you call a penalty, but i can't see the ground for it.
serie a needs the strongest possible juve to keep or improve its appeal. they still haven't learned from calciopoli: once they put juve aside, serie a went downhill.
i can't find any explanation for the change of contributions of the two chinese clubs either, but the cut juve received is plain stupid. juve is the ONLY disfavored team of the new system, that's what you call a penalty, but i can't see the ground for it.serie a needs the strongest possible juve to keep or improve its appeal. they still haven't learned from calciopoli: once they put juve aside, serie a went downhill.