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Lautaro Martinez

WOTspur

Well-Known Member
Aug 24, 2017
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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 (y)

Thank you for this. Top post :)
 

arunspurs

Well-Known Member
Aug 31, 2012
8,901
35,839
I just read up on financial situation of Inter.

As of May21, Inter were in 600m debt. Salaries werent paid on time for some time. Inter players agreed to reduce their bonus after winning the title. Suning had to sell of some % stake to Chinese state investors.
Oaktree capital invested 300m to help with debt. But as of today only paid 50m because they want to give the money based on financial milestones completed -like 20% minimum wage reduction. Suning in summer also disbanded their Chinese league team after it won the title in china. Chinese Govt wants chinese businessmen to stop sports investment & invest inside the country. Last week, they are also in trouble in other part of their business.

Eriksen situation is known. Lukaku sale proceeds most will go back to United as their fee is still outstanding...this also includes sell on %.
Lautaro isn't agreeing to a new deal either.

This is why Conte fucked off. So, all things considered, there is more chance of Inter taking the huge fee now for Lautaro than not.
Question though is, how much desperate we are - Inter may know that Kane could be going - so they know there could be more money to get of us.

Inter CEO is Marotta, Paratici mentor. So, surely, if there is a deal to be done between clubs this could happen with some give & take.
 

Ron Burgundy

SC Supporter
Jun 19, 2008
7,758
23,457
I love all this ‘alongside Kane’, ‘if Kane stays’ and ‘would only happen if he goes’

That transfer is going to happen IMO. Can’t see another scenario. City seem to be super keen. He wants to go. It’ll happen.

I’d also be amazed if we bought Martinez and Vlahovic. Would be lovely, but feels a massive long shot.

God knows how this plays out
 

wrd

Well-Known Member
Aug 22, 2014
13,603
58,005
Correa kinda looks like Martinez so it's clear that this is gonna FUCKING HAPPEN COYS COYS
 

spursfan77

Well-Known Member
Aug 13, 2005
46,700
104,989
The thing is, when ever one of these huge clubs is about to go under someone swoops in and rescues them. If their players are up for sale now, then we need to act ASAP before they are rescued.
 

Tucker

Shitehawk
Jul 15, 2013
31,537
147,622
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?

Really weird that this is getting Doh‘s and disagrees. How can you disagree with a question. Weirdos.
 
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