- Mar 4, 2021
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Best 1-day transfer story ever?
Really? The proof is in the pudding...
1 day?? More like 1 hour! In all seriousness, I think this may rumble on for a good week or so either way.Best 1-day transfer story ever?
With regard to Inter Milan :
The club are owned by a Chinese company called Suning. Covid has hit it hard and in an an effort to what they called 'improve equity structure' they had to sell 23% of their shares to state owned investors. This has coincided with Chinese president XI Jingping handing down new directives for Chinese owners of football clubs in Europe to pull out of the sport, instead ordering them to refocus their efforts on a national level.
They bought Inter in 2016 and it is estimated they have invested a staggering $845m. Now they are desperate to sell the football club and an offer from a company called BC Partners (British based) collapsed earlier this year. Suning valued Inter Milan at $1.2bn whilst BC only offered $903m.
The club desperately needs an injection of capital. There are talks of salaries not being paid and players foregoing their title winning bonuses from last season to try and help out. The financial press estimate they lost $120m in 2020 and this years estimate lies between $180m and $250m. They are currently in talks to try and arrange for a $300m loan to try and cover their losses. They have also lost €54m of sponsorship revenue from the expiration of contracts with Fullshare Holding Limited, King Dawn Investments Limited and Beijing Yixinshijie .
Bloomberg estimate their total debts at $602m so they are in desperate trouble financially.
With regard to Italian football as a whole then the pandemic has hit hard but as someone remarked to me earlier this week there are a lot of loan/option to buy deals being negotiated in order to try and gain the time required for a recovery. This is perfectly illustrated by Fabio's recent activities in the transfer market which is what he always attempted at Juve.
There is no doubt that the current financial status of Serie A is unsustainable. Their losses totalled €754m last year (only €292m the year before).
There are only 3 (bank) debt free clubs at this moment in time, Cagliari, Fiorentina and Naples. The highest net debts (in euros) are our friends Inter Milan at €630m, Juventus €458m and Roma €552m. One of the other healthy clubs is one we have just had dealings with, Atalanta, who have posted a profit for four seasons running due to Champions League qualification and exceptionally good transfer deals. (Romero being a classic example).
So you can see that currently Inter Milan and Italian football are both in a mess financially, largely due to what I would term as compulsively high purchases in recent years. It is hoped that this massive swing towards loan deals will prove a major factor in allowing the situation to recover.
I hope that gives you a better picture. In answer to your other question my answer would be 'No', give me Vlahovic instead, but that is only my personal opinion and I am open to be persuaded otherwise should Spurs just go for him and not buy the two together.
Sorry for the long post, but you did ask
Yes, really
Here is the pudding or should I say, the tasting of the pudding
The Scoop on 'The Proof Is in the Pudding'
No evidence is in there, but it was a treat to find out.www.merriam-webster.com
Your link proves me right
Indeed. I was just serving the pudding for others to taste.
Thanks for the knowledge
Inter, Atletico and Atalanta have all done fairly well with it in recent times.i hope not. I can’t think of any good attacking sides that play with a front 2
He’s another striker ?No idea who Correa is or his preferred position, but Inter fans must be delighted they're getting a 35 year-old to replace Lukaku.
Given Inter’s troubles it kind of begs the question of if massively overspending is worth it. Like, they won the league last year, I’m sure all of us would love to experience that. Inter aren’t likely to go extinct, they’ll sell a lot of players, spend a few years in mid table then be back. They’ve done this before.
Would anyone trade our steady eddie owners for that kind of rollercoaster?