In home Inter, Inzaghi and Ausilio they continue to knock the ball back inside each other’s court, with the former clamoring a 5th attacker to be included in the workforce and the second which reiterates the non-necessity of purchasing it from the market. All without ever denying how Albert Gudmundssona revelation striker Genoa this season is truly appreciated by everyone in the club even by the sporting director himself who today denies the deal. With the rossoblù club the only way forward today is a “Frattesi” operation which, just as happened with Sassuolo with the Italian midfielder, could also be advantageous for the Genoese club itself.
THE “FRATTESI FORMULA” – To understand why it is convenient for Genoa, however, we must first explain this particular formula used by Inter to bring the Italian midfielder born in 1999 to the Nerazzurri. The deal between the Nerazzurri and Sassuolo was concluded last summer and made official on 8 July with this formula: 6 million euro loan with redemption obligation conditional on 27 million plus 5 million bonus. Looking further into the financial statements of the Nerazzurri club which ends on 30 June 2023 and approved in October, the conditions that led to triggering the obligation and therefore causing Sassuolo to realize a significant capital gain in the balance sheet emerged: “The agreement valid for the 2023-24 sports season provides for the Parent Company to be obliged to make the definitive purchase upon the occurrence of certain conditions after the date of 2 February 2024”. That condition was the first point made by the club after that date and the final figure will exceed 38 million between fixed portion and bonus.
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THE DATE OF FEBRUARY 2 – Why is this transfer ploy so often used by the Nerazzurri club? Inter often postpones, in deals concluded on loan and especially on Italian soil, the date of the official redemption of a conditional obligation beyond the close of the winter transfer window. The reason is on the one hand linked to the desire/need to keep the cost of the price tag low on an annual basis in the “internal market”, on the other hand it gives the company the possibility of postponing the calculation of the costs depreciation on the subsequent budget and, therefore, to keep the impact of the purchase on the annual cost of the squad limited.
WHY IS IT SUITABLE FOR GENOA? – But why could this formula, which seems advantageous only for the Nerazzurri club, also be suitable for Genoa in the hypothetical Gudmundsson deal? The answer lies precisely in that date February 2nd in the particular typology of the Grifone budget which, just like Sassuolo, closes its accounts not in June following the progress of the sporting year, but on 31 December following the calendar year. Genoa also launched a debt restructuring plan last year in 10 years with the treasury at increasing figures from 70 million euros and, in fact, it is in the condition of having to generate profits on an annual basis to continue this journey smoothly.
POSTPONED PLUS – Ua super transfer per year is therefore the basic idea which carries forward the Genoa market, but not on a sporting year, but on a calendar year. It is not a small detail given that the rossoblù club last January he already made a huge profit with the sale of Radu Dragusin to Tottenham for 24 million euros plus 6 million bonuses plus Spence in return. In fact, in this calendar year 2024, Genoa is no longer in the position of having to generate income, but of being able to do so. Conversely, in the year 2025 the situation could arise again unless otherwise intervened by the property. And this is where the “Frattesi formula” comes into play for Inter.
VIABLE IDEA – Inter, guaranteeing the redemption obligation conditional on the first point after the closure of the 2024/25 winter transfer market, would in fact move the redemption to the 2025 calendar year and therefore the disbursement and therefore the capital gain to be recorded in Genoa’s balance sheet which would no longer be the one ending on 31 December 2024 (that of Dragusin) but the following one which will close on 31 December 2025. Furthermore, by inserting a technical counterpart into the deal, the Nerazzurri club would also guarantee the “credit” in the Lega Serie A market accounts in order to have the green light to pay the initial loan and set the price of the redemption, on any paper, as close as possible to the figures requested by Genoa. Is there a plan, will Inter really want to follow it?
