Two pieces of good news for the company’s finances.Inter. On the one hand, the Nerazzurri club has communicated. Increased income Estimated revenue from sponsorships, commercial contracts of 96 million for the 2024/25 season. On the other side is Oaktree’s property. 415 million repurchased a portion of the bond. That has weighed on the club since February 2022, with the assumption of repaying the debt on the bond debt by the 2027 deadline.
Debt
Inter announced the buyback mechanism on the occasion of the approval of the financial statements at the shareholders’ meeting 15 million euros Social bonds that were issued “on June 25, 2024 under favorable market conditions and using the services of an authorized financial intermediary”.
The bond was issued in February 2022 by Intermedia Communications, a Nerazzurri group company, with revenues from the club’s TV rights and sponsorships, maturing on the Luxembourg stock exchange in 2027 and with an annual interest rate of 6.75 percent. does
A 230 million euro loan acquired from former owner Erik Thohr in May 2015 was repaid with an initial 300 million bond maturing in 2022, refinanced with the company’s existing bonds and Inherited from Oaktree With the transfer of ownership from the Zhang family to an American fund.
As mentioned in the meeting, during the 2023/24 season Passive interests amounted to more than 29.481 million euros, which is higher than the 29.380 million euros recorded in the fiscal year ending June 30, 2023.
Commercial income is increasing.
With Intermedia Communication’s annual budget communication, the Nerazzurri club was also able to estimate revenues from 96 million euros. Trade agreements For the 2024/25 vintage.
It will be one A definite increase of 18 million euros According to the financial statements ending June 30, 2024, further sponsors are “currently in the negotiation phase”, as explained by the Nerazzurri club.
The amount of income calculated by Inter, as stated by the Nerazzurri club itself, is the result of the agreements made with the various partners of the company.
First of all from the agreement 30 million per season Until the 2027/2028 year is signed with the new global main jersey partner, betting company Betson Services Limited.
Then in early July 2023 technical sponsor Nike renewed, with the contract expiring on 30 June 2024 until the 2030/2031 season. 70 percent increased.
Among the new contracts that affect the Nerazzurri’s commercial income is a contract. Gate Information Pte Ltd for the 2024/2025 to 2025/2026 sports season.
The sponsorship item also includes an agreement to be finalized in mid-September 2023 U Power As official back jersey partner until 2026/2027, deal signed in 2022 Konami As Global Football Videogame Partner, Youth Development Center Partner and Training Cutback Partner expires in 2027/2028 and Global Partnership with November 2023 Qatar Airways Which, starting from the current sports season and until 2026/2027, has become the official training kit front partner, replacing LeoVegas News, Betsson as it is in the same commercial category.
Finally, a global partnership was signed from 2023/2024. Beeper Starting this year until 2025/2026, it has become the Official Training Center Naming Rights Partner and the Official Training Kit Sleeve Partner, in addition to a further thirty sponsorship agreements with other global and regional partners.
