The derby that Moratti has already won.
beats Inter Milan to cover operating losses: 206.83 million to EUR 31.98 million . And 'This is one of the economic aspects of the upcoming derby next Sunday's: be decisive for winning the Scudetto for the Nerazzurri for a run in the fourth place for the Rossoneri, which would mean access to the Champions League qualifying round of the rich. LiberoMercato examined the latest statutory accounts: that of the company presided over and controlled by Massimo Moratti coincides with the football season (1 July 2006-30 June 2007), while the chairman of the club (not for long, because of the law on conflict of 'interest) by Silvio Berlusconi coincides with the calendar year 2007 as a party to the taxation of national consolidation with the parent company Fininvest.
balance. clear the serious imbalance between debits and credits of Inter, amounting to 348.46 million . The company Inter at 30 June a net loss of 70.2 million. But there are no problems, thanks to substantial financial resources to Moratti. In the notes it says that the reference member has done so after the end of the year, "to make payments on completion of a capital already approved by the shareholders of June 22, 2007 for a total of € 70,670 .903 ". The document said that "it is being implemented in an additional payment of 35 million" to cover additional losses. Among the 80.8 million of other liabilities, there are 36.7 million reported "on an assignment without recourse to a leading bank of part of the proceeds from the sale and purchase agreement "for the TV rights for the 2007/08 season. Money already spent on the management together with 24.88 million of deferred income. Despite the imbalance debt-claims of 234.83 million, including Milan no problem thanks to the strong coverage Fininvest. Its parent company has helped to strengthen the equity with the waiver "part of an interest-bearing loan" transformed "in capital contribution" to 10.86 million. In addition, Fininvest made another payment to 14,140,000. The auditor Deloitte & Touche showed that last January was made another payment of 25 million. From the red budget came a benefit for the parent: AC Milan has transferred 18.34 million for the "option under the Agreement concerning the taxation of national consolidation."
tax disputes. AC Milan says, "has been completely cleared, the item" other provisions for risks and charges "due to the reclassification for 3.06 million of funding, including tax debts," following the definition dell'assoggettabilità to taxation of positive income relating to the 2001/2002 season. " For the remaining debt "was agreed with the tax authorities in installments until the year 2010." Peace with the tax authorities concerning the IRAP has resulted in 1.48 million included in "previous years' tax burden." On gains Inter players, says in the notes, "has received a notice of assessment to these gains for the year ended June 30, 2002. Also in the month of July 2007 was served similar investigation concerning ended June 30, 2003. The Agency has established a total revenue increased to € 5.3 million IRAP plus interest and penalties of € 2 million. " The company has appealed.
revenues and costs. Inter lost the debate on the value of production, earning 221.21 million against 257 million cousins. But I pass on cost: 409.22 million against 285.64 million. With regard to the turnover of the whole TV rights amounted to 91.5 million and 29.6 million sponsorships. Milan have divided the proceeds among those on Sky TV, Mediaset and host teams (107,360,000), those for participation in competitions, Uefa and Fifa (48.3 million). Among the costs of Inter's last weighted depreciation, amounted to 111.79 million, the burden of the "Salva-Calcio". The players fees totaled 117.23 million (+10.75%), while the yield premiums amounted to 21.66 million (+54.55%). The players' contracts have cost at Milan 124 910 000 (+12.51%): The variable fee for sports scores is 13.77 million (+47.44%). The Rossoneri directors have received a total compensation of 3.05 million 750 thousand euro against the Nerazzurri.
Marco Liguori on LiberoMercato
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