Walter Sabatini, will return to Italy in the next few hours from his trip to China to meet Zhang Jindong. There were talks about Jiangsu Suning, but more importantly Inter where they most likely discussed the winter transfer market strategies, while still considering FFP restrictions.
It’s reported by Gazzetta dello Sport, that Inter must make capital gains of € 60-70 million in order to comply with their UEFA agreement and avoid further fines or penalties.
It is therefore key that Inter continue their policy of self-financing for January, while major revenue streams are pending more precise accounts, to be revealed in the second part of season. This includes, potential new sponsors, selling players and of course the aim of finishing in a Champions League spot, to receive a higher amount of prize money, as opposed to last seasons 7th place finish.
At least for now, the idea of investing immediately, allowing Ausilio and Sabatini to make the most of the players currently seeking a move, in order to build upon the squad, has been rejected. They must instead trust Luciano Spalletti to deliver the necessary results in preparation for July.
However, there can be movements, as news from Bergamo, suggests that Atalanta would be willing to let Alessandro Bastoni return to Inter in January since he has not been able to get the playing time that was originally believed. Allowing Inter to fill the void of the injured Zinho Vanheusden as fourth choice centre-back.
Furthermore, the Ramires deal remains on stand-by, with a debate over a € 10 million fee. Also, Joao Mario remains key in a possible exchange deal for the likes of Mkhitaryan from Manchester United or Pastore from PSG.
Although, it is interesting to hear a new name, as Inter are reportedly watching the 23 year old Amato Ciciretti who has an expiring contract with Benevento. An operation that could help Inter future proof it’s capital gains, as examples such as Gianluca Caprari who was bought from Pescara for 6 million but was sold to Sampdoria for 15 million show.
So in short news we’re still broke af an won’t be able to buy new players. Some news have emerged in the last 3 days that we’re going to start selling obligations with very risky interest rates as we must return a huge loan of 230 mil from Goldman Sachs taken in 2014 by Thohir. I dunno if it’s true or not but doen’t look good.
It’s true. It has been published by an Inter’s official media channel. F…king tohir
With credit rating expected to be BB- . That rating is for low credit quality aka “junk bonds”. Wtf? At least those would be of the highest quality among junk bonds, cough cough… Doesn’t sound too good.
Deal priced earlier today at a yield of 4.875% which isn’t bad to be honest given the rating and the industry. Should bring down the existing debt service which should have a positive impact on the bottom line.
Overall debt levels are very high at ~700mn even if ~250mn is owed to related parties under the Sunning umbrella as think while debt covenants are typically more borrower friendly nterest may be high.
Would think we probably pay close to 50mn a year in interest. I was hoping Sunning would take the Arab Sheikh approach and wipe our debt out when they took over. Guess too much to hope for given Sunning is running Inter as a business while the billionaire owners of the likes of Man City and PSG treat these clubs as their latest shiny toy.
But it’s hard to ignore how much having an extra 50mn each year to splurge on the transfer market could help strengthen the squad…
That interest rate isn’t horribly high, that’s true. I wonder if this issuing bonds has anything to do with the Chinese governments strict policy on foreign investment. Would Suning have wiped out Inter’s debt if those restrictions weren’t in place? I don’t know, just speculation.
billionare owner of city and psg actually are a government companies(qatar and uae) they have unlimited capital. sunning is a private company.. no comparison there..