According to authoritative Italian media reports such as "Milan Sports Newspaper" and "24 Hours Sun Daily", Inter Milan Chairman Zhang Kangyang has signed a three-year investment agreement of up to 4.2-430 million euros with PIMCO (Pacific Investment Management Co., Ltd.), which completely solves the previous financing problem and also announces that Suning's rule over Inter will continue until at least 2027. It is gratifying that PIMCO is willing to take over this financing, which seems to indicate that Inter's prospects are optimistic in the next three years.
Founded in 1971, PIMCO is the world's largest active bond fund company. Although he is nominally an American capital, as early as 2000, because of the Internet financial crisis, it was acquired by the German financial giant Allianz Group, and after more than 20 years of operation and management by Allianz, its assets under management have exceeded 2.02 trillion US dollars.
From the perspective of business style, like Zhang Kangyang's last financing company OAKTREE (American Oaktree Group), it is a financial enterprise that specializes in dealing with high risk coefficients, and Inter Milan 3 years ago suffered from the impact of the epidemic, had a bad financial situation, and had an annual net revenue of negative 100 million, which was indeed regarded as a potential non-performing asset, so it could only ask Oaktree Group to take over.
However, PIMCO's business strategy also inherits the German tradition of Allianz Group, and it usually stays away from riskier debt assets. Now they are willing to handle Zhang Kangyang's financing at a relatively fair interest rate, obviously satisfied with Inter's current revenue, and are also optimistic about the team's value-added possibilities.
In fact, with Inter winning the Serie A title this season, the finances are likely to be profitable for the first time in nearly six years. Since Suning Zhangjia took over Inter, they have been aiming to restore this former giant to its former glory, so every year it invests on the line of UEFA's financial fair rules, and it is a negative profit operation every year.
On the contrary, because of the impact of the epidemic, Suning was also thundered by Evergrande. Inter Milan has embarked on a healthy business mode in the operation of CEO Marotta and others, and in the 2021 fiscal year, Inter's revenue was -100 million euros. In 2022, Inter's revenue will be -80 million euros. In 2023, Inter's revenue shrank to -40 million euros.
In 2024, Inter Milan won the league championship + the agreement of 90 million euros for 3 years of the new sponsor came into effect + the jersey sponsorship with NIKE's 20 million+ annual performance bonus came into effect, as well as at least 20 million euros from the Champions League reform, and 50 million euros from the participation in the Club World Cup, an increase of at least 600-100 million euros compared with 2023 (the bonus for participating in the Club World Cup has not yet been determined, and there is a deviation).
It is precisely because of the profitable financial prospects that Suning Zhangjia is unwilling to let go of Inter Milan easily, and would rather continue financing with high interest than insist on holding. Although they will pay 200 million euros in interest during these six years, Inter's valuation price has risen from 800 million euros three years ago to about 1.2 billion euros now.
Many media believe that if Inter can stabilize its financial income at more than 500 million euros (on par with Arsenal), then the team's valuation may reach the level of 1.2-1.5 billion euros, and if the new stadium can start construction in the next three years, its value will directly rise to the level of 1.8-2 billion euros.
Therefore, although it seems that Zhang Kangyang is under the pressure of 430 million financing, he still has leisure to enjoy the light show set up by Inter fans on the Bund in Shanghai.
At the same time, Inter Milan's trip to China this summer is also advancing. If there are no surprises, they will play Paris Saint-Germain, Atletico Madrid, and local domestic teams in Chengdu for a high-profile friendly match, which will involve all international players who do not have national team assignments, between the end of July and the beginning of August.