The portal Calcio & Finanza has released a detailed report concerning the entire Inter group’s financial statements which consist of FC Internazionale Milano SpA (the football club) and the two other companies controlled by the club Inter Media & Communications and Inter Brand. The financial report released this past October was that of FC Internazionale Milano SpA only and not the other two subsidiary companies. Inter are not required by law to deposit any other documents aside from those which pertain to the parent football club, so therefore the only news released to media and fans alike was the report which stated that Inter made a loss of €140,5 million
With the publication of Inter Media & Communications and Inter Brand financial statements, Calcio & Finanza have consolidated the reports from the three companies. These show that the Inter group have had net revenues of in total €176,08 million of which TV rights (Inter Channel and image rights from InFront) add up to €93,68 million or 53% of the net income. Stadium income is around € 23,29 million and the commercial net income is € 41,62 million. Almost € 3 million stem from this summer’s tour of the USA.
The running costs however are at € 184.37 million. The highest costs are the wage costs at 115,89 million which has gone down by €1 million compared to the season before but should be higher given that the wages for the playing squad has gone down to €73,6 million from last seasons 85,5 whilst the cost for coaching staff has gone up to €13,2 million from 11,9 given that Walter Mazzarri is still on Inter’s payroll whilst the club hired Mancini.
The difference between operating income and costs is negative for the 2014/2015 season at € 8,29 million but it will be positive result if you consider the management of the players. In fact it’s a positive result of € 12,42 million which according to Calcio & Finanza will be €20,71 million if you take into account all future sales and loan deals. This isncludes the sale of Ricky Alvarez to Sunderland which is still being looked at by FIFA.
Source: FCInterNews.it
Well, it seems there’s a bit of misunderstanding going here. I am attaching below the original C&F report in Italian. If you don’t know Italian, you can still get the gist of it by google translating it in English — which is that our loss for 2015 remains at 140.5m. The figures in the article merely explain the amount of operating incomes/costs, but do not take into account other enormous spending the club had to make in the past season such as loans, loan interest payment, amortization, etc.
http://www.calcioefinanza.it/2015/12/07/bilancio-consolidato-inter-2015-ecco-i-veri-conti-della-societa-nerazzurra/
we need are own stadium, we most likely will pay it from our own budget or need to get a big sponsor in for naming rights, and hopefully be able to sign players and not have to wait like arsenal for half a decade to start buying players
So, from what I’ve just read, revenues from our subsidiary companies is over 130m? (That way, -140.5m could be reduced to -8m) I mean this sounds too good to be true.. But then, I remember Thohir denying that Inter had 90million loss three months ago, adding it would be interesting to see the actual figures when the club reveals the entire financial statements.
My question, though, is “the difference between operating income and costs” is all that counts for financial statements to be submitted to UEFA.
Well this is still very impressive considering all the new players and changes + two unresolved issues with mazzari and alvarez
So we’re minus 8 mil. That’s not so bad, considering the losses from the previous years, the high traffic of players in and out recently, the fact the Mazzarri is still leeching us, Vidic’s salary and other past mistakes. If we keep this up next year can be a lot more stable. But yeah, we need out own stadium. 23 mil income is laughable compare to what they make in England and Germany.
And that is why we need our own stadium. Arsenal for example are making €120m+ in a 60k stadium. We could be making like 3 or 4 times we are making right now if we had the right stadium infrastructure. We should really really push to buy current stadium from the city and push Milan out or go build our own more modern stadium.
I have no idea what I am reading now