FC Internazionale Milano As A Company
Revenue | €268,827,275 (2010–11) |
---|---|
Operating income | (€85,712,530) (2010–11) |
Net income | (€86,813,786) (2010–11) |
Total assets | €455,690,888 (2010–11) |
Total equity | (€24,179,237) (2010–11) |
Owner(s) | Massimo Moratti (96.44%) C.M.C. SpA (1.83%) Pirelli |
Parent | Internazionale Holding (98.2%) |
Subsidiaries | Inter Brand (100%) Inter Futura (100%) Consorzio San Siro 2000 (joint venture) |
According to the Deloitte Football Money League, Inter recorded revenues of €196.5 million (£167.4 million) in the 2008–09 season to rank in 9th place, one behind Juventus in 8th place, and ahead of city rivals Milan in 10th place. The club beat their previous season earnings of €172.9 million (£136.9 million), and for the first time since The Football Money League's inception, Inter overtook Milan in the rankings.
Revenue percentages were divided up between matchday (14%, €28.2 million), broadcasting (59%, €115.7 million, +7%, +€8 million) and commercial (27%, €52.6 million, +43%, €15.8 million). Kit sponsors Nike and Pirelli contributed €18.1 million and €9.3 million respectively to commercial revenues, while broadcasting revenues were boosted €1.6 million (6%) by Champions League distribution.
For the 2010–11 season, Serie A clubs started negotiating club TV rights collectively rather than individually. This is predicted to result in lower broadcasting revenues for Inter, with smaller clubs gaining from the loss.
Inter's matchday revenues amounted to only €1.1 million per home game, compared to €2.6 million among the top six earners.
Deloitte expressed the idea that issues in Italian football, particularly matchday revenue issues were holding Inter back compared to other European giants, and developing their own stadia would result in Serie A clubs being more competitive on the world stage.
Inter also has one of the biggest financial "black-holes" among the Italian clubs, which in 2006–07 had a net loss of €206 million (€112 million extraordinary basis, due to the change in accounting standard for amortisation of transfer fee, covered by proposed capital increases of €99 million), 2007–08 a net loss of €148,271,266, 2008–09 a net loss of €154,423,469 (covered by a proposed capital increase of 70 million, later increased to €90 million), 2009–10 €69,045,804 (covered by a proposed capital increase of €40 million and €30 million during the 2011–12 season) It was contributed by the sales of Ibrahimović, the treble and the release clause of coach José Mourinho. The most recent result was a net loss of €86,813,786, which already included an extraordinary income of €13 million from RAI. Another re-capitalisation of €40 million was proposed, to cover the negative equity of €24,179,237 on 30 June 2011.
Read more about this topic: Inter Milan
Famous quotes containing the word company:
“In not having an appointment at Harvard, Im in the company of a great many people whose work I admire tremendously, in particular women of color.”
—Catharine MacKinnon (b. 1946)