Italian Media Details Impact Of Joaquin Correa Signing On Inter’s Finances

Italian Media Details Impact Of Joaquin Correa Signing On Inter’s Finances
August 27, 2021 13:45
( )

Joaquin Correa will weigh on Inter’s balance sheet for around €56 million including his transfer fee and wages, based on the amortization of all costs over his four-year contract.

This is explained by Italian football finance news outlet Calcio e Finanza, who report that the Nerazzurri will amortize the total €30 million amount owed to Lazio for him starting from the first year of his contract on the basis of the paid loan with an obligation to buy from the Biancocelesti, and then go on from the fee for the purchase obligation.

Were he to be budgeted as a permanent transfer immediately, the payment of the fee for the Argentine would be recorded as a €6.25 million cost across each year of his four-year contract, which when the €6.5 million gross wages paid to him are added, would mean an annual cost of around €12.75 million for the player in the balance sheet.

Given the details of the loan and purchase obligation, however, the fee for the player will be budgeted for €5 million during the first year of his four-year contract, based on the fee for his paid loan, which when the €6.5 million gross salary is added, will weigh on the club’s balance sheet at €11.5 million.

After this, when the €25 million owed from the purchase obligation is triggered, the total amount for each of the three subsequent years amortized on the player contract will be €8.3 million, which when the gross salary is added will come to a budgeted cost of €14.8 million each year.

By Toni Weeler

Photo – Inter Share Halloween Photos Of Players Past & Present: “Discover Them All If You Dare”

October 30, 2021 04:30
( )

Inter has shared a series of Halloween themed photos to its official Instagram page that show current Nerazzurri players as well as ones from the…

Photo – Lautaro Martinez’s Partner Shares Family Photo After Inter Contract Renewal: “Always Beside You”

October 30, 2021 02:30
( )

Lautaro Martinez’s partner has shared a photo of the pair holding their baby in the Inter headquarters after the striker signed his new contract at…

Inter Could Move For Sassuolo’s Giacomo Raspadori In January If Alexis Sanchez Leaves, Italian Media Report

October 30, 2021 00:30
( )

Inter could attempt to sign Giacomo Raspadori from Sassuolo in January if they can offload Alexis Sanchez to another team, according to a report in…

Inter Midfielder Roberto Gagliardini: “Winning The Scudetto Is Among My Best Ever Moments”

October 29, 2021 23:59
( )

Inter midfielder Roberto Gagliardini has spoken of the pride that winning the Scudetto with Inter gave him last season, according to a report in the…

Juventus Coach Max Allegri On Scudetto Race: “I Think Inter Are Still Favourites”

October 29, 2021 23:30
( )

Juventus boss Max Allegri has labelled Inter as the favourites to lift the Serie A title this season despite being third in the table so…

Inter Will Not Be Able To Take Fans To The FC Sheriff Match, Italian Media Report

October 29, 2021 23:00
( )

Inter fans will not be able to travel to Moldova to support their team in the Champions League match against FC Sheriff next week, according…

Close

Subscribe

to our newsletter