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> Milan Financials, ...originally posted on Rossoneri Blog

 
Jack Sparrow
post May 4 2012, 10:16 AM
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I think this is a must read for us Milanfans on exactly what is happening.

I just skimmed through at the moment, but a few things stand out.

1. Our wage bill has been increasing and is absolutely insane!!
2. Our commercial income is actually very good considering our market reach.
3. We are really losing out on matchday income at the stadium.

Milan's Financial State
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kurtsimonw
post May 4 2012, 10:21 AM
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We need to start building our own stadium.

Otherwise Serie A is going to turn into the EPL in the 1990s and Juve will be Man U.
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Jack Sparrow
post May 4 2012, 10:29 AM
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Yeah..but as you can see in the article...to build a stadium we need to take on a loan. To take on a loan we need to clear our debts. To clear our debts we need more income. But to get more income we need our own stadium. (IMG:style_emoticons/default/biggrin.gif)
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William405
post May 4 2012, 11:11 AM
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QUOTE (Jack Sparrow @ May 4 2012, 12:29 PM) *
Yeah..but as you can see in the article...to build a stadium we need to take on a loan. To take on a loan we need to clear our debts. To clear our debts we need more income. But to get more income we need our own stadium. (IMG:style_emoticons/default/biggrin.gif)


We need Silvio... (IMG:style_emoticons/default/wink.gif)
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Jack Sparrow
post May 4 2012, 12:01 PM
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That move is checkmated too, thanks to FFP.
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Zed.D
post May 4 2012, 12:50 PM
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Jack,

Do you think we'd build our own stadium if we cleared our debts? we had the chance to do it before FFP was introduced. nah, I think B&G are simply too sentimental about San Siro. we missed our chance to move away from San Siro, but missed it and now probably can never do it as things stand.

Just great.

QUOTE
Mathieu Flamini Midfielder 28 4,500,000

Gennaro Gattuso Midfielder 34 4,000,000

Gianluca Zambrotta Defender 35 3,500,000

Clarence Seedorf Midfileder 36 3,000,000


No comment... (IMG:style_emoticons/default/huh.gif)
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Zed.D
post May 4 2012, 12:50 PM
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Thanks for posting this article, btw. very informative.
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Jack Sparrow
post May 4 2012, 12:54 PM
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Yes..the wages are mind-boggling. I don't fault our new policy of offering contract discussions only at the end of the season.

I think next season, we should keep a keen eye out on the numbers. Especially with the players who are not extended.
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Zed.D
post May 4 2012, 12:57 PM
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QUOTE
It should be said that Barbara Berlusconi has expressed her desire to build a self owned stadium for the club.


??

Does this mean we still need to clear our debts?
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han2503
post May 4 2012, 01:15 PM
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The major problem here is not the San Siro. I do believe that Inter and Milan being the clubs they are and having the owners they do, should be able to come to an agreement with the Milan council. I personally don't want to see us moving to some generic FIFA stadium, just for the hell of it. The San Siro is a massive stadium and a club like Milan should not settle for some 40,000 seater.

The main problem has always been the player wages. Rino, Ambro, Flamini, Seedorf, Robinho, Zambro, etc. These guys are on massive wages, when mos of them are not even regulars on the team. It's just an unthinakble situation that Galliani simply has to deal with this summer
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Zed.D
post May 4 2012, 01:26 PM
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Han, do you really think we can compete at the highest level again if we only sort out our wages?

Sure we need to do that but we also need to do something about the stadium. it's astonishing that we earn less than 40 million compared to Arsenal, Barca, Man U or Real's 100+. I guess normally that number should be between 60-80 for us. 20-40 million more per year would make a good difference for us.

QUOTE
I personally don't want to see us moving to some generic FIFA stadium, just for the hell of it. The San Siro is a massive stadium and a club like Milan should not settle for some 40,000 seater.

Come on, the capacity and the design of the stadium is not even the issue.

Also:

QUOTE
the stadium is in poor condition and does not have the facilities to host sponsors and VIPs etc. For the same reasons the stadium are mostly half full as fans are not presented to the pleasant facilities a modern stadium must have.


This post has been edited by Zed.D: May 4 2012, 01:32 PM
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Zed.D
post May 4 2012, 01:41 PM
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QUOTE (Zed.D @ May 4 2012, 03:27 PM) *
??

Does this mean we still need to clear our debts?


That'd be no I think...

In Barbara we trust!! (IMG:style_emoticons/default/wub.gif)
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Jack Sparrow
post May 4 2012, 01:56 PM
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I agree. The player wage cuts (and keep in mind we can only question the 'oldies') will save us maybe 20-25 million a season max.
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acid911
post May 4 2012, 02:04 PM
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QUOTE (Jack Sparrow @ May 4 2012, 05:56 PM) *
I agree. The player wage cuts (and keep in mind we can only question the 'oldies') will save us maybe 20-25 million a season max.

That's max enough, if you ask me. (IMG:style_emoticons/default/wink.gif) 30 million net could mean one or two quality extra players every year.
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kurtsimonw
post May 4 2012, 02:07 PM
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Problem is there's a difference between saving £30m and getting £30m. Most of that money will not be re-invested, in my opinion.
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