While waiting to return to the fields for the new season, Jannik Sinner invests them income obtained in recent years and focuses above all on bricks. The Corriere della Sera analyzed notarial deeds, asset appraisals and company documentation to more precisely reconstruct part of Jannik Sinner’s financial and real estate strategy. At the heart of the operation is the purchase of two prestigious properties in the center of Milanotogether with a reorganization of the companies that manage the tennis player’s assets.
The purchase of properties in the center of Milan
In 2023 Jannik Sinner, through the Italian company Foxera Re Com sas, purchased two apartments for office use located in Corso Venezia, inside Casa Barelli, a historic building a few steps from Piazza San Babila. The properties have a surface area of respectively 403 and 289 square meters and were sold by the Buziol-Dametto family, already owners of the Replay clothing brand.
The total value of the operation exceeds 6.5 million eurosequal to approximately 10 thousand euros per square meter, a figure consistent with the prices of the more central areas of Milan. The investment was formalized through a notarial deed drawn up in Milan and represents one of the main uses in Italy of capital attributable to the Foxera group.
The mortgage and the financing structure
To finance the real estate operation, the Corriere della Sera reports that the Italian company has resorted to a combination of internal resources and bank debt. A part of the funds, equal to approximately 2.9 million euros, it arrived from Monte Carlo in the form of financing interest-free shareholders, provided by Foxera Re Monaco, which controls the Italian company.
The remaining portion, equal to approximately 4 million euroswas covered by a 15-year mortgage with an annual effective rate of around 5 percent, in line with market conditions in 2023. The financing was granted by CheBanca!, which later merged into Mediobanca Premier and is now part of the Monte dei Paschi di Siena group. It is therefore not a subsidized operation, but a mortgage structured according to ordinary parameters, albeit for high amounts.
Foxera’s corporate transformation
In September 2024 Foxera Re Com sas changed its legal structure, transforming itself into a limited liability company. The transition from a limited partnership to an LLC significantly expands the corporate purpose and operational potential of the company, which is no longer limited to real estate management but it can also operate as holding and coordination.
The registered office was moved from Milan to Brunico, to the offices of the Baumgartner Partner studio. Operational management is concentrated in the hands of Alex Vitturmanager and historical friend of Sinner, who holds all administrative powers. The shareholding sees Foxera Re Monaco indirectly control 99% of the Italian company, while 1% belongs to Avima of Vittur.
Jannik Sinner’s first balance sheet and earnings
The corporate transformation was accompanied by a asset appraisal which photographs the situation of the company as of May 31st. According to the report, Foxera had the Milanese properties in its portfolio for a net book value of 6.6 million euros.
From an economic point of view, the balance sheet shows a loss for the period equal to 147 thousand euros and a cumulative loss of approx 454 thousand euros. This is the first available statement of corporate activities directly attributable to Jannik Sinner in Italy, and reflects an initial investment phase, with costs exceeding revenues.
In terms of personal financial flows, the Italian tennis player has exceeded 50 million dollars of career prizes, before taxes paid in the countries hosting the tournaments. To these are added revenues from sponsorships, estimated at over 30 million euros a yearwhich are mainly managed through companies based in Monte Carlo.
