Andrea "Il Bruco Brutto" Agnelli (13 Viewers)

s4tch

Senior Member
Mar 23, 2015
22,565
5. Put the club in 250mill in debt.
that's actually not true. debt and profit can be unrelated and move in opposite directions within the same year. the club ended the financial year with a loss of 254m, but the net debt dropped from ~390m to ~150m if the reported amounts are accurate

also, any estimation on the ebitda? @Dru
last year it was around zero iirc. it means that more or less it was the amortization that pushed the club in the red
 

Dru

★ ★ ★
Aug 8, 2006
74,478
@s4tch No clue about the EBITDA and other figures yet. I’m waiting for the Swiss ramble breakdown :santa:

Amortization, deferrals all catch up at some point though since it’s just delaying. Compounded by poor financial decisions, lack of income, etc. the way we target players and structure BNPL deals with clubs are flotation devices to prevent the the inevitable drowning in the ocean of debt.

Bottom line is that the club spends more than it earns. Borrows more than it can repay. It just doesn’t generate enough revenue to keep the lights on. It’s Barca with one incompetent person in charge.
 

juve123

Senior Member
Aug 10, 2017
13,343
@s4tch No clue about the EBITDA and other figures yet. I’m waiting for the Swiss ramble breakdown :santa:

Amortization, deferrals all catch up at some point though since it’s just delaying. Compounded by poor financial decisions, lack of income, etc. the way we target players and structure BNPL deals with clubs are flotation devices to prevent the the inevitable drowning in the ocean of debt.

Bottom line is that the club spends more than it earns. Borrows more than it can repay. It just doesn’t generate enough revenue to keep the lights on. It’s Barca with one incompetent person in charge.
Do we have any economic levers to activate?
 
Jul 2, 2006
17,052
yeah, out of the literal dozens of companies owned by exor, jews picked to steal from a company that is introduced to the stock exchange and followed by tens of millions around the world.

the sheer audacity of jews jews jews jews

just for the sake of it, here's a more plausible scenario: one of the guys you hate, you know the one with the funny eyes was an actual professional manager. when he was fired, amateurs took over, ruined the sustainability of the club with terrible contracts to some players who aren't worthy of the club, and now we're in deep shit. just look at the actual accounts, the wage bill and the amortization kill us.

it's simply bad management
This marotta appreciation is very similiar to allegri one. you know how everybody was super excited to have him back, a few were sceptical and i was the only one who hated it. most people needed him to return here, show his true qualities to understand what he really was. i didn't. marotta and allegri are two halves of same shit. both made a career out of conte's success. root of financial collapse is more than 300 million buried on shit sacks like higuain, douglas costa, bernardeschi, matuidi and mandzukic whom had no resale value. people were also super excited when we were about to sign higuain for an abominal fee and i said this will have an catastrophic effect on our finance for many years to come.

as for the jewish part; they did chase off italians with calciopoli, didn't they? we had third biggest income in the world before that happened. now we are in this mess that can't be explained by simply bad management. responsibility falls on them. entirely.
 

Tomice

Senior Member
Mar 25, 2009
2,836
as for the jewish part; they did chase off italians with calciopoli, didn't they? we had third biggest income in the world before that happened. now we are in this mess that can't be explained by simply bad management. responsibility falls on them.
It cant be explained by simply bad managment but can be simply explained by saying Jews. Turk logic
 

Hydde

Minimiliano Tristelli
Mar 6, 2003
38,497
This marotta appreciation is very similiar to allegri one. you know how everybody was super excited to have him back, a few were sceptical and i was the only one who hated it. most people needed him to return here, show his true qualities to understand what he really was. i didn't. marotta and allegri are two halves of same shit. both made a career out of conte's success. root of financial collapse is more than 300 million buried on shit sacks like higuain, douglas costa, bernardeschi, matuidi and mandzukic whom had no resale value. people were also super excited when we were about to sign higuain for an abominal fee and i said this will have an catastrophic effect on our finance for many years to come.

as for the jewish part; they did chase off italians with calciopoli, didn't they? we had third biggest income in the world before that happened. now we are in this mess that can't be explained by simply bad management. responsibility falls on them. entirely.
This.

Marotta was doing his shitty deals and renewals too. Like you said, both made a carrerr with some luck.
 

RoiLezard

LizardKing in black&white
Apr 7, 2018
1,825
We’re in this position because we have incompetent leaders. Everything else doesn’t matter at this point. What do you do with incompetence? You either eradicate it or embrace it. But our management has been baptized in it. They have no shame.
 

s4tch

Senior Member
Mar 23, 2015
22,565
Reality

for all the people who believe a single family owned controlling interest is somehow good for the club or sets a club apart are simply stuck on the past.
this guy has a point, but issues are mostly about management and strategy, not the ownership itself. if you look at the press or socials, today's exemplary italian clubs are milan and napoli, because they implemented a similar player policy: they are making the stars, they aren't buying them. their ownership is completely different though.
 

Dru

★ ★ ★
Aug 8, 2006
74,478
It all begins with ownership. Ownership sets the goals (mostly financial), hire the decision-makers and people in charge. They then execute the priorities which map the the financial goals and those priorities are heavily biased. Rinse and repeat every year.

either ownership actually purges the existing people in charge (Agnelli, etc. ) and install professionals to rehab the club. Or sink further into debt that they have zero choice but to sell and repay shareholders.

Or the they sell sooner before the debt is so large so they can get some value.
 

s4tch

Senior Member
Mar 23, 2015
22,565
It all begins with ownership. Ownership sets the goals (mostly financial), hire the decision-makers and people in charge. They then execute the priorities which map the the financial goals and those priorities are heavily biased. Rinse and repeat every year.

either ownership actually purges the existing people in charge (Agnelli, etc. ) and install professionals to rehab the club. Or sink further into debt that they have zero choice but to sell and repay shareholders.

Or the they sell sooner before the debt is so large so they can get some value.
juve had basically the same ownership in the '90s when we mixed the recruitment of stars like baggio with prospects like del piero. we signed ferrara and torricelli, a proven player and a literal nobody. just like we signed pirlo and vidal during the same window ~a decade ago.

we don't need a new ownership, and we're also completely unlikely to have one. we'd just need a competent management.

btw our debt was down by 230-something million, to ~150m by the end of the previous financial year. check capuano's twitter feed for a link to an article on panorama.it. you understand finances, you know how amortization can fuck your profit, but if you more than halved your debt during a huge crisis, then you have a good ownership. i'm fine with exor on the long run, we'd just desperately need a beancounter like marotta to keep an eye (lol) on the books.
 

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