Inter CEO Alessandro Antonello spoke with Corriere della Sera on a number of Inter related topics, firstly the difficulties Inter have faced in the transfer market.
“The strategy has been clear since July; return to the Champions League while in compliance with Financial Fair Play. We have to balance the technical and economic aspects. The growth must be organic from a commercial point of view, to achieve a “de-seasonalisation” of results. Our return to the Champions League will produce a large economic return and push the Inter brand.”
“We have never been completely cut off and Suning has never been on any black-list but there has been a slowdown, due to the Chinese government imposing restrictions to defend its currency, which means more control and a slowdown is inevitable. Suning is doing everything necessary to bring Inter back up.”
Antonello then spoke on how Inter have managed to succeed in the Chinese market while many others have failed.
“Suning makes $53 billion a year, it has 250 million people registered online and Inter can use this base to grow organically as the Chinese Football market matures.”
Antonello then spoke on Financial Fair Play and the bank bond taken out last month.
“Let’s clarify: there will always be Financial Fair Play, the club must maintain balance. UEFA continues to impose it in different ways, to limit the attraction of investing completely new capital.
“The bond was a complete success, we managed to raise that figure at a rate of 4.8%, which shows solidarity and credibility, the demand was double. Inter must learn to use its own legs, the bond is what any entrepreneur would have done. If the market believes in you, it will reward you. It’s not right to always rely on ownership.”
He then discussed the renovation plans for San Siro and plans for a new training ground at Piazza d’Armi.
“It has to be in operation everyday, not just Sunday’s, the hospitality areas have to increase from 4% to 14% and the capacity should go down to 60 thousand. The total cost would roughly be around €150 million.”
“We are still in the preliminary stages but the concept remains. A new Sports Centre is a strategic project, every big club has a modern facility.”
He concluded the interview by speaking on Inter owner Jindong Zhang.
“He has a great personality, leadership and strength, he always wants to raise the bar, he pushes you to dream about flying high. The Zhang family will no doubt fit amongst the great dynasties of the Nerazzurri, like the Moratti’s, there is a sense of continuity.”
Finally, someone who makes some sense instead of random blah blah.
The problem with stadium is BBilan, heck even Milan Mayor got frustrated with their chicken out behavior. I doubt the renovation will start anytime soon as our cousins may go bankrupt.
bbilan is in trouble.. we should prepare to hijack their players for peanut next season..
Yes, the hedge fund will want to recover their 320m debt. They have got some exciting young players, I wonder if they would like to join us.
i hope so.
That situation is very confusing. An Elliot Fund guy told yesterday that if mr. Li doesn´t pay the 300 millions owed the club will be sold to the highest bidder to get their money back. I don´t know if AC Milan as a club has that much debt. They would however certainly be in trouble with the FFP. He said Elliot Fund will only want their money back and rest money from the hypothetical sale will go to mr.Li. But anyways this confusing situation pretty much makes sure that there will be no radical advancement with the stadium in the near future.
Well Mr Fassone said that Bilan will be cleared of debt in april 2018. How will they pay so much money in that little time is laughable, one of the reason their FFP deal was rejected. Now, there are some rumors of possible money laundering.
All things regarding them is confusing but one thing is for sure that their owners are ” frauds”.
Would make sense that Berlusconi who is as crooked as they come has just been laundering money and mr. Li (who nobody knows) has been his mule.
Fuck Berlusconi. He bought my Nono’s company back in the late 80’s made one payment then told him to fuck off. It’s amazing how hard it is to sue the president of a country.
Wow, that´s messed up. That Berlusconi is such massive douchebag.
That guy is corrupt af and used BBilan mostly for politics. He once said that he is die hard Interista but became Milanista after buying Milan.
Personally I hope for a little more than 60k seats or at least the opportunity to increase the amount with time. Glad to hear something more or less official on the stadium. Overall I like all Antonellos comments here, they make sense to me.