Thohir, Financial losses, and some other crap

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Marco Bellinazzo , journalist for Il Sole 24 Ore , offers from your blog Football & Business a new, detailed analysis of the company held in Inter house with the arrival of Indonesian partners led by Erick Thohir.

" The accounts of Inter, on the eve of the[sale] are in sharp decline. 77m losses in 2011/12 the number grew to 88 million in the year ended 30 June 2013. A loss of one-third more high compared to what has been leaked that, on the one hand, it gives greater clarity to the "reasons" of the sale and, secondly, it puts the club's in a position of difficulty with respect to the parameters of financial fair play (the recapitalization of losses in the period 2012/13 to only 45 million). Inter last year, the financial statements at 30 June 2012 had a negative equity of 21 million (the net assets at 30 June 2012, in fact, was made ​​up of a share capital of 40.8 million, reserves of 15 million, which was in fact reduced by the loss of $ 77.) The assembly was placed in 2012 as a capital increase of 35 million. And a figure above shall be allocated by the Assembly to be held in late October (27 or 29) to cover the 88 million of accumulated losses in the season 2012/13.

Despite the progress made ​​in terms of killing the mountains of engagements, so it will be the Italian club under special surveillance by the supervisory bodies of the accounting Uefa, with all the risks that this entails in terms of exclusion from competition (but the penalty could be more bland). A tile, however, not just for the new management . The assembly of the end of October will also take note of the sale of 70% of the Nerazzurri in the consortium led by Erick Thohir Indonesian (which will be about 30% of the club, while the other 40% will be divided between the other two Indonesian partners Rosan Roesliani and Handy Soetedjo.) In the last hours of negotiation is also defining the corporate governance of the new Inter, which must be approved by the Assembly. In the new board of directors, which will be reduced to 7 members, including Massimo and Angelo Mario Moratti and 5 representatives of the Indonesian consortium, in accordance with the percentage shares in the share capital. The roles of CEO and CFO should be entrusted to men of confidence of the Indonesian consortium (Jason Levien is still in pole position). Massimo Moratti should have the role of President of warranty(?). Moratti family should also remain a shareholder for a two-year period, subject to the possibility of going out first (you are filing the clauses relating to options and rights of the parties on this sensitive issue.) For the signatures you are waiting for the banks give final confirmation that it has received the agreed payments (250 million ) and guarantees. Moratti will pay about 200 million of debt, freeing the club (and himself by personal guarantees in recent years.) For the rest will have to participate for the next 30% increase in capital and the same percentage to injections liquidity that will surely be needed in the coming months (especially to cope with the winter transfer) unless it decides to dilute its stake. interista The new era is upon us. "



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well, basically we made 88m in losses in the last season. Moratti is getting 250m for 70% of the club but will pay 200m of those to cover the debt, which basically means that the club is worthless. Our position regarding the FFP is really bad..

guess our revenue last year fell by a greater amount than the player wages decreased...facepalm

i don't see a reason to worry about ffp anymore. it's been made crystal clear it's not taken seriously or enforced properly. i genuinley think we can relax about that aspect. i think moratti used it as an excuse to make this sale more of a smooth one. he couldn't spend and spend on us anymore, and he couldn't exactly come out and say he doesn't want to spend on us anymore. ffp was the perfect excuse

we need to sort our selves up even if it takes a decade.

i hope mourinho comes back one day also

Thohir still not even officially purchased Inter yet, despite being claimed to have done so like 30x already

"Thohir owns 240% of Inter" - Zizzle

From Forza Inter forums member JJM

Roeslani gave a little interview...here is what he said:

-Thohir will stay at Inter for a long time
-MM will stay the Presidente for 2 more years then one of Roeslani,Thohir or Handy becomes pres.
-Branca will be valuated because he sold some promosing young players because they want a mix of kids and more experienced players
-They will open an Inter store and Inter campus in Indonesia
-Inter will have a tour in Asia(Indonesia and 3 others)
-The objective is 3th place and 3 new "star" players
-They will be in Milano from 13-15 November to meet MM,the board of directors and Mazzarri.They will speak with Walt about the mercato on 15 November
-In the new board of directors there will be 8 members(5indonesians and MM,his son and Ghelfi)
-There is no buy-back clause
-There is no connection with Bakrie group
-JZ will most likely take a mgmt role
-On the 15 November they will talk about everything even about the new stadium project
-The plan is to rebuild Inter to it's former glory days like in 2010 and to win another Triplete


:notbad:

Waiting for Thohir to officially buy Inter

Spoiler:

a successful business needs time to evaluate his investments

Thohir also owns part of the Sixers and DC United, both suck

But on the positive side the Sixers seem to have a great rebuilding plan

Save us Iverson

And DC united are building a new stadium

what enchanting music

2:54 Zanetti "lets get this over with, i have to go for a 3 hour jog"


Moratti though

I've come to love Moratti...We'll never really know but the way he handles himself has always been classy.Other presidents could learn from him in that aspect.

At first I thought this guy is a snake,but the more you see the more it comes clear.Now I feel the exact opposite.He's actually surrounded by other snakes of Serie A.

I'll miss him

a business man and a musician

The more Thohir talks the more i like him, It seems like he educated himself about our team and has clear and ambitious (yet realistic) ideas for the future. If the execution matches the talk we're set for a good period.

I'm trustful. he seems to have clear ideas ...there was a need for new blood...

Difference between Thohir and MM

Thohir: "Mazzarri has asked for a forward,I've already talked to Branca about it.Of course everything will be done on a budget that is available"

MM: "Mazzari did not ask for reinforcements no. We're not in the market as far as im concerned, this team won the triple 3 years ago and i trust the champions at our disposal. This is football and stranger things have happened though, and if an opportunity presented itself we'll see what we can get. i wouldnt bet on it"

yes, but actions speak louder than words.
and we would need to buy as early as January ...

I think Thohir will deliver, he did not invest all that money so he can watch our mediocre squad from up close. Thing is i feel that this team has more pressing needs than a forward but if we're getting one of the names we're linked with (Lavezzi, Jovetic, Dzeko) ill be happy

I think Lavezzi is overrated player , honestly never liked

instead Jovetic or Dzeko would be fantastic ... but I see it difficult ... For me the Bosnian player will go to Borussia to replace Dzeko