Thursday, February 25, 2016

Thohir think to sell, but Inter denied – Il Sole 24 Ore

The day of reckoning. Those who do not return, and that disturb the sleep of Erik Thohir. Those who have turned the dreams of glory in nightmares unthinkable just two and a half years ago, when the Indonesian tycoon Massimo Moratti took place at the helm of the Nerazzurri. Large projects and dreams of glory placed in the farthest of the drawers: Now there is to think about how to return to Goldman Sachs a loan worth 230 million expiring in 2019. Three possible ways: finding new business partners, open to one or more minority shareholders or, ultimately, sell the majority package of the company.

one hypothesis, the latter, which Thohir has always denied, not least through an official statement of the Nerazzurri: “FC international categorically denies that the president and majority shareholder Erick Thohir is considering the possibility of giving her 70% of the club’s shares, or part of it rather confirms the interest in opening to new sponsors, and minority shareholders “. In fact, however, the Indonesian tycoon can no longer afford to discard a priori the idea: trade revenues are not taken off, the investments made on the market have burdened budgets and with the risk of not reaching the third place, profit to swell the coffers of Corso Vittorio Emanuele by using the receipts Champions, Inter in the home accounts are increasingly in the red.

the premises, in view of today’s Board of Directors, are not at all rosy: weigh 230 million euro loan provided by Goldman Sachs that a consolidated loss of 140 must be repaid in installments of € 1 million per year until the maxi final installment of 184 million planned for fiscal 2019. in the year 2014 to 2015 the club achieved million Euros and this year, for agreements with UEFA, the difference between costs and revenues will be up to 30 million euro.

from here, the broad mandate to Goldman Sachs for the looking for new partners in Asia: “As part of the medium- and long-term strategy – it also says in the press Inter – the club has asked Goldman Sachs to explore the possibility of identifying potential future business partners in Asia. This is something logical in the light of the enormous growth of investment in sport and football in particular, in Asia and specifically in China. “And at the moment, there seems to be a concern ChemChina, the Chinese giant 40-billion shareholder turnover of majority of Pirelli, sponsors the inter shirt that has just renewed with inter (among other Goldman Sachs has been an advisor to Pirelli in negotiations with ChemChina).

However, the situation remains uncertain and also the relationship between Thohir and Moratti, despite the decree for statements, he would no longer idyllic, with the former president returned to recover the Inter-Sampdoria at the scene when it is presented to the stadium along with José Mourinho. a cumbersome presence , the Inter coach’s most loved by the people, who Thohir had to manage in the face of an annoyed Mancini and not so safe to stay at Inter (the National idea for after Conte fascinates the former City and Galatasaray ).

finally, then, the stadium section: after today’s board of directors, Thohir meet in the House Milan to AC Milan Barbara Berlusconi to discuss the modernization of San Siro. It will be the first face-off between the two companies on the stadium’s future after months of impasse, but with those accounts to think about the Inter patron may have their heads elsewhere.



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