Any one saw the Goal.com Piece on Inter Finances ?

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Any one saw the Goal.com Piece on Inter Finances ? Empty Any one saw the Goal.com Piece on Inter Finances ?

Post by zizzle Fri Aug 12, 2011 3:46 am

"In the three years from June 2006 to the summer of 2009 the club lost €509m. That’s an average of €170m a year. In total, the club has made losses of well over €1 billion in Moratti’s 16 years at the club, with the cost to the president himself in his role as chief financier topping out at over €750m."

"The next six years saw losses in the market of less than €30m, and the sale of Zlatan Ibrahimovic to Barcelona for €46m plus Samuel Eto’o in 2009 helped to more than balance the books in a summer which saw Sneijder, Diego Milito and Thiago Motta enter at a heavy cost. Last season it was Mario Balotelli’s move to Manchester City which offset their January incomings of Andrea Ranocchia and Giampaolo Pazzini after a relatively quiet pre-season transfer campaign..."

"The wage bill has been reduced, but then it had to be really when you consider that they paid out 104 per cent of revenue in salaries in 2009 (so all our income doesnt cover our wages !!). The club is still a projected €220m in the red, despite the sales and the income generated by the treble-winning season. And they can’t win a treble every year ... especially if they're selling their best players to break even.

Between 2008 and 2010, 29 per cent of Inter's total revenue (the joint-fourth highest percentage in Serie A) came from player sales, and yet they still recorded total losses of €223.4m in that time.

Moratti told the club’s Annual General Meeting in 2010 that “the considerable losses are justified in keeping our team at the top level worldwide,” "


Interesting peice, you can read the full article here:

http://www.goal.com/en/news/1717/editorial/2011/08/11/2613586/etoo-sneijder-sales-only-the-start-of-inter-damage-control


so it looks like even if we sold Eto'o and Sniejder we'll still wont be ready for the FFP rules..
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Post by Brigate Rossonere Fri Aug 12, 2011 5:15 am

Actually, you can read the full article at SwissRamble's blog. Kris Voakes took all his figures from a blog that the SwissRambler did a while ago. An article I commented on in the old forums. Does anyone remember? Swiss' articles was much more comprehensive, too.

http://swissramble.blogspot.com/2010/08/price-of-inters-success.html
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Post by InterMalia Fri Aug 12, 2011 5:43 am

Nothing new, he copied a Gazeeta article and added some from the swissramble. A known Milanista may i add.
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Post by zizzle Fri Aug 12, 2011 6:06 am

LOL typical goal.com !

but that aside, we're really in trouble ! but luckly we have a strong academy to count on, Im more convinced of the need to sell Sniejder and Eto'o now. Cutting the losses should be the first step towards improving our finances, so why not offload the likes of Maicon and Milito ? if we're to balance the books then drastic measures have to be taken

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Post by Swanhends Fri Aug 12, 2011 1:30 pm

Milito needs to go but he wont

Galatasaray put in an offer for him and could meet his wages, but he declined it

Lets be honest here: Milito, Cordoba, Stankovic, and Pandev are all paid more than they are worth, ( in some cases waaayyy overpaid) while with Muntari and Rivas we're basically just throwing money down a hole like we did with Suazo

We cant sell Stankovic cause hes been here so long....so we just need to get him to fking retire already - same with Cordoba

Milito and Pandev we should sell - Rivas/Muntari are a given...
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