Chapter 665 Super Pit
What’s interesting is that if we trace back to the source, who caused Inter Milan’s current terrible situation?
There is only one answer, and that is Dad Mo!
Yang Huan carefully analyzed the financial report in his hand and found something quite interesting.
Inter Milan's total salary is as high as 130 million euros, ranking third in Serie A, behind AC Milan's 184 million euros and Juventus' 163 million euros.
Is it worth being happy about?
No, look down!
In terms of club revenue, Inter Milan still ranks third with only 176 million euros.
So what about the top two?
AC Milan's is as high as 276 million euros, and Juventus's is as high as 275 million euros, which is 100 million euros higher than Inter Milan!
Roma's revenue ranks fourth in Serie A, 125 million euros, but their wage expenditure is only 94 million euros.
Napoli is even better, with revenue of 120 million euros but wages of only 67 million euros.
In terms of bank debt, Inter Milan's debt is as high as 220 million euros, which ranks second in Serie A, second only to AC Milan's 251 million euros. Even though Juventus built a new stadium and once fell to the B league, their bank debt is only 166 million euros.
Roma only has 97 million euros, and Napoli has only 4 million euros in bank debt.
The higher the debt, the higher the interest you have to pay.
Judging from this report, both AC Milan clubs are huge pits!
Whoever steps in will know what it feels like!
AC Milan in particular, Berlusconi dared to ask for a valuation of 1 billion euros. This is probably not just about selling the team, he probably also wants to take the opportunity to make a fortune!
Yang Huan quickly flipped through the documents in his hand and quickly closed them again.
"Mr. Fasone, I will ask someone to study this report carefully, but I found that something was missing."
A trace of panic flashed in Marco Fassone's eyes, and he couldn't help but glance at Moratti.
This action was obvious to Yang Huan.
I'm afraid this was instructed by Morati!
I didn't expect that although Old Man Mo looks like an honest man, he would actually keep such a trick up his sleeve.
If those who don't know the truth, I'm afraid they will be really cheated by him.
"What was missed?" Cash Harris quickly took the report from Master Huan and asked.
He is Yang Huan's investment consultant. He has been involved in so many team buying and selling transactions, so he naturally knows better than anyone else that there are so many tricks involved. It is common for insiders to set traps for outsiders.
"For now, I have only found two things. One is that it does not list the specific terms for the loan and transfer of Inter Milan players, and the other is the rental and maintenance costs of the Meazza Stadium!"
When Cash Harris heard this, he immediately turned around and looked at Marco Fassone with a look of reproach in his eyes, as if to say, are you trying to kill me?
Fortunately, Young Master Huan pointed it out on the spot. Otherwise, if he had waited until after the transaction to find out, wouldn't Young Master Huan have suspected that I had teamed up with you to cheat him?
If that time comes, I won’t be able to wash myself clean even if I jump into the Yellow River!
Marco Fassone didn't dare to look at Cash Harris anymore. He lowered his head and didn't dare to say a word.
These outsiders will only pay attention to issues such as income and expenditure, as well as debt. However, they do not know that this is just the surface. For a football club, the transfer terms of players are also quite shocking pitfalls.
As we all know, most player transfers are paid in installments, commonly known as mortgages.
It is normal for an ordinary player transfer to take two or three years. If the amount is relatively high, it is also quite normal to take five or six years. For example, Chelsea signed Torres for six years.
Then the question arises. Suppose a player is worth 60 million, and the team changes hands in the third year based on a six-year contract. However, the old club conceals the transfer terms, so the new club understates the transfer debt of 30 million for the remaining three years.
For a big team like Inter Milan, the transfer terms listed separately may not amount to much, but when added together, it is probably a considerable number. Even if it does not exceed 100 million, it will definitely be tens of millions.
As for the Meazza Stadium, everyone knows that the Meazza Stadium is also known as the San Siro Stadium by AC Milan fans. The two teams share the stadium, but neither of them owns the stadium. The ownership of the stadium belongs to the government.
Therefore, both teams have to rent the stadium from the government and bear the maintenance costs of the stadium.
But don’t underestimate this cost, it’s at least tens of millions of euros, which is another pitfall!
Morati and the other two obviously had not expected that Yang Huan would find out everything they had concealed with just a cursory glance. They were all extremely embarrassed and a little panicked.
How can the negotiations continue when it has come to this?
"Mr. Yang Huan, this might have been accidentally missed by the people in the finance department when they were hastily drafting it!"
Blanca, who was sitting next to Moratti, had not spoken until this moment. Seeing that the atmosphere had become awkward, she immediately stepped out to resolve the situation. "Don't worry, Mr. Yang Huan. We will prepare a detailed financial report for you later!"
Yang Huan couldn't help but look at Blanca a little more. This guy is also a smart guy and knows how to adapt!
"Okay, send another one later. Don't miss it this time!" Yang Huan didn't continue to pester her.
But in his heart, Inter Milan's ranking has declined rapidly.
On the contrary, he became more and more interested in Naples and Florence.
Originally, Yang Huan was most interested in Udinese. This team was not ranked very well in Serie A, but its ability to train young players was second to none in Serie A and even in Europe. Their scouts could always help them find a large number of outstanding star embryos from all over the world, bring them to Serie A, train them, and then sell them at a high price.
However, this team belongs to the Italian Pozzo family, who started the football league business much earlier than Yang Huan.
The family owns the fourth largest wood processing and manufacturing company in the world, famous for its controlled knives.
But it was such a low-key family that acquired Udinese as early as the 1980s. After the subprime mortgage crisis and the European debt crisis broke out, they successively entered the field of professional football, acquiring Granada in Spain, Chilean league giants Audax Italiano, and Watford in English football.
Not only that, they also own shares in La Liga side Espanyol and sit on the board of directors.
Recently I heard that they acquired CSKA Sofia in Bulgaria, a team that is a regular in the Champions League.
In addition, it is said that they are also planning to acquire a team in the Austrian league.
That is to say, so far, there are a total of five European professional teams controlled by the Pozzo family, but because most of them are mid- and lower-level teams and do not receive much attention, they are not taken seriously.
But there is no doubt that what the Pozzo family is doing now is exactly the same as what Yang Huan is doing.
They want to maximize the benefits of the professional football resources in their hands through this football league model.
For example, after they acquired Granada, they loaned 12 players to Spain at once. The purpose was simple: to use Granada to train these players of Udinese and help them accumulate professional league experience.
Currently, Watford's first team has 42 players, 14 of whom are from Udinese, and 10 of them are on loan.
The reason behind this is very simple.
It is quite costly for a team to maintain a youth training system on its own.
It can be said that no team can hold up, except for the top giants.
But if there are two, three, or even many teams running the same youth training system together, theoretically, the cost of running this youth training system does not increase much, but the amount shared by these teams is very small.
This is the transformation of Udinese in recent years!
In addition to the Pozzo family, the Red Bull Group from Thailand has also successively invested in shares of many European professional teams, but this is more like a commercial behavior and more of an advertising technique, which is completely different from Udinese.
Yang Huan, on the other hand, has a longer-term vision and greater ambitions. In theory, his philosophy can be considered an upgraded version of Udinese's!
If possible, he would be very interested in acquiring Udinese, but the Pozzo family has worked so hard to build such an industrial chain, how could they sell it easily?
Just as Yang Huan was sighing in his heart, Morati and the other two had already made eye contact.
Fassone took a deep breath, raised his head and looked at Yang Huan again.
"Mr. Yang Huan, please rest assured that our presence here itself proves our sincerity."
Yang Huan had already lost interest in acquiring Inter Milan, so he just smiled and nodded lightly.
"Mr. Moratti has full confidence in Mr. Yang Huan's management of Inter Milan. Under similar conditions, he is very happy to hand Inter Milan over to you and your team."
Morati, who had been silent all this time, sighed deeply and then spoke.
"Yes, Inter Milan is like my child, my baby in my eyes. In the past few years, no matter what I did right or wrong, it is all in the past. Now Inter Milan is in this situation, I really have no ability to deal with it."
When he said this, Morati's face was full of sighs and helplessness.
When Inter Milan was in its most impoverished time, he appeared as a savior and saved Inter Milan.
But now, he has to find a savior for Inter Milan.
In his opinion, this was an unspeakable irony.
But what else can we do?
Is it okay not to sell it?
He and his family simply do not have the financial resources, ability, or even the desire to reorganize Inter Milan.
Therefore, the best and most reasonable way is to sell it to the right person!
Over the past three years, Yang Huan has risen rapidly in European football, but people in the industry have spoken highly of him.
Moreover, Yang Huan's connections and relationships in European football are well known to everyone.
Not to mention club presidents like Florentino and Rosell, even Platini treats him as a brother, and often has to politely call him Master Huan.
From this we can see that handing Inter Milan over to Young Master Huan would be the most ideal outcome.
But Yang Huan is a strange person. Once he makes up his mind, it is usually difficult for him to change.
In his eyes, Inter Milan is a bottomless pit. If he knows this and still jumps in, wouldn't he be asking for trouble?
Besides, it's easy to jump in, but it's hard to jump out.
Therefore, although Yang Huan didn't say anything, he had already made a judgment on Inter Milan in his heart.
However, Morati and the other two obviously didn’t know this and were still vying for Master Huan’s favor.
"Master Huan, we have three plans here. We can discuss and see which one is feasible!"
Fasone suggested with a smile.