Football clubs taking out large financial loans is no longer the major news story it had became previously. It’s now an almost everyday occurrence within the ‘new world’ of football finance that clubs will seek help from the financial sector. For many sides it’s a necessity but the loan which Erick Thohir has secured for Inter breaks the mould. ‘Finance Asia.com’ tells us more….
“The club loan, used to clear more than €180 million of outstanding debt was secured using Inter Milan’s underlying assets such as media rights and sponsorship contracts (a source familiar with the matter said). This being the first loan involving a European sports team backed by media rights (The source added that this type of structure is popularly used by sports organisations in the U.S.”
The article goes on to discuss the implications on the sporting side of the business (there aren’t any). Because of the way that the loan has been structured using the most reliable parts of the revenue base there won’t be any hindrance in the day-to day running of the football club. Forbes valued the club as the 14th most valuable in football earlier this year, Erick Thohir and his team will be looking to make strides forward to improve upon that valuation.
Source: FinanceAsia.com
This guy has a master financial/marketing brain
I hope this is just beginning of new era
underlying assets such as media rights and sponsorship contracts are less riskier . so it’s basically a good financial restructuring
So we took a loan to pay off a loan?
Either way this puts us in a much better position. ET is a real businessman. He is trying to modernize inter and make it a model for series A team. Risky move, for sure. But, I have faith in him. If it works in a few years we would be the powerhouse of Italian football.
he is smart businessman. in 2 years i believe inter will show something good
Ok..
Now let’s start thinking about new stadium
Go thohir…go….:D
Makes u wonder what inter could be now if moratti had left after the treble like mourinho. I wanna see where Thohir takes us
180m out of 230m, is that mean we have 50m extra to spend on the mercato? xD LOL
I really wished it works that way lol. Probably it would be used to fix up the current stadium or running costs of the club.. If were lucky we would have around 20million out of the extra 50mill
Our Mercato should start now
Nice thohir, just modernize my inter