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Volume 10 No. 22


Serie A side Inter Milan Owner Massimo Moratti "has denied he has reached an agreement to sell a stake" worth almost €300M ($406M) in the Italian club to Indonesian billionaire Erick Thohir, according to the BBC. Moratti has been in talks with Thohir, "part owner" of Major League Soccer club D.C. United and the NBA Philadelphia 76ers, for several months. Moratti said it "could be another month until a deal is completed." Moratti confirmed he has recently met with Thohir and "other potential Indonesian investors and admitted progress has been made on the deal." Moratti: "It was an opportunity to get to know each other a bit better and also to meet the people who could come on board with Thohir in any agreement" (BBC, 9/20). The FINANCIAL TIMES' Rachel Sanderson reported "Thohir is looking to buy" a 75% stake in the club for around €300M (FT, 9/20).

MORATTI TO STEP ASIDE: ESPN's Ben Gladwell reported Moratti has revealed that he will "bring his 18-year spell as Inter Milan president to an end" once Thohir has signed a deal to "take control of the club" (ESPN, 9/20).

During Real Madrid President Florentino Pérez's discussion at Madrid's General Assembly, "economic strength, a growing athletic project and better attention for fans were the points of emphasis" that Pérez discussed with the 950 shareholders in attendance, according to Sergio Valentín of LIBERTAD DIGITAL. Pérez: "Despite Spain's economic situation, Real Madrid has capably increased its sponsorship." Real Madrid earned €521M ($704.6M) last season. For the upcoming season, Madrid's projected revenue is €515M ($696M). The team's "net debt has been reduced by 27%" to €90.6M ($122.5M). After a "difficult year," Pérez praised the arrival of Real Madrid coach Carlo Ancelotti, "who has everything in place to establish a style of play that we would love." With the team's youth players, Pérez "asked for patience because they are the team's best players and they are in a 'transition' stage." Real Madrid's "first team has had a residence built in the athletic city of Valdebebas and by the end of the year, a residence for the youth teams will be complete" (LIBERTAD DIGITAL, 9/22). MARCA reported Real Madrid revealed a 13.4% increase in net assets, which reached €311.9M ($422M), and a 52.4% rise in profits. The club's €521M revenue was "up 1.3% on the previous year" (MARCA, 9/21).

La Liga side Espanyol has experienced a decline of 2,257 in its number of season-ticket holders since the start of last season, according to EL PERIODICO. Espanyol spokesperson Rafael Entrena attributed the decrease to Spain's economic crisis. This season "is beginning with 26,879 Espanyol season-ticket holders, after there were 29,136 at the start of last year." Entrena said, "We have added 1,500 season-ticket holders but lost 2,500, and another 1,000 (not included in the calculations) have not renewed or given a response and we expect to recover some of them" (EL PERIODICO, 9/20).