The Suning Commerce Group

junkie

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what you guys even think about this guy, it seems to me like a shit show, I dont want us to become a circus
 

CafeCordoba

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In the biggest paper of Finland (in its finance segment), there was an article about Zilliacus and his plan to buy Inter, including phone interview while he was at Milano at the time. This was published on Wednesday this week. There's some repetition to what he said in that interview in July.

Anyway, here's the translation:



Thomas Zilliacus, businessman who has withdrawn from the bidding process of buying Manchester United, is looking to buy Italian football club Inter, with a new co-investor in his mind.

Zilliacus would want to buy Inter together with Qatari sheik Jassim al-Thani.

Zilliacus tipped about his plan in X (ex-Twitter).

Ruling families of oil states in the Persian Gulf have grown more and more interest in elite football in recent years.

Al-Sauds of Saudi-Arabia own Newcastle United, Al-Nahyans own of Abu Dhabi own Manchester City and the Emir of Qatar Tamim bin Hamad Al-Thani owns PSG.

Italialaisen Inter-seuran kannattajia palvelevan uutissivusto L’Interistan haastattelussa Zilliacus kertoo tulleensa Manchester Unitedin keväällä järjestetyssä tarjouskilpailussa samaan lopputulokseen kuin mihin sheikki Jassim al-Thani on nyt myös päätynyt.

In Inter-based newsportal L'Interista's interview, Zilliacus tells how he ended up to the same conclusion in the spring as the sheik Jassim Al-Thani now with the bidding process of buying Manchester United.

"That Glazers weren't selling for real back then"

Jassim Al-Thani has reportedly withdrawn his over 6bn$ bid for Manchester United.

Zilliacus tells (in L'Interista's interview) that when withdrewing from the bidding process he proposed Al-Thani that they could buy some other top club together.

Ei imagon ja mestaruuksien takia, vaan jotta voisi kehittää seuraa rakkaudesta jalkapalloon, Zilliacus kertoo.

"Not for image or for the titles, but for developing the club for the love of football"

Zilliacus kertoo nyt twiitanneensa ehdotuksensa julki koko maailmalle, koska skandinaavit pitävät avoimuudesta ja suorasta kommunikaatiosta.

Zilliacus tells he tweeted the proposal publicly, because Nordics like straightforwardness and direct communication.

According to L'Interista, Zhang family who owns Inter wouldn't be willing to sell the club. Argument is that few weeks ago some fund from the Middle-East had made a bid of 1.3bn€ for Inter in vain.

Reached from Milano by phone, Zilliacus tells HS (HS is the paper this article is published) that according to his knowledge, no such bid has ever existed.

"It's media folly that Zhang doesn't want to sell. The bidding news isn't true. According to my information, such bid has never been made. It's just a made up stuff."

According to Zilliacus, three parties have placed a bid before the deadline.

"After that I don't think there have been other bids."

Hän arvelee lopullisen kauppahinnan olevan miljardin euron tienoilla.

He believes the final price will be around 1 billion euros.

Zilliacus tells that with the group of investors, they formally announced their interest in buying Inter last spring. In July he placed a bid for Inter as a representative of the XXI Century Football Capital fund.

"The owner wants to sell the club to the party who wants to build and develop the club for real", Zilliacus explains.

This has come out during the negotiations with Inter board and the president of Inter, son of Zhang family, 33-year-old Steven Zhang.

Steven Zhang's route to the president of Inter has been quite unusual.

"Steven has been at Milano since 2016. He told me he was in America (studying) when this father called him at his 26th birthday and told you're going get Inter as your birthday present and you're going to move to Milano. He said he hadn't even attended a football match before this." Zilliacus tells.

Zhang family has invested in Inter for almost 1bn€ since buying the club according to Zilliacus.

Club was in Champions League final and is second in Serie A at the moment.

So the starting point is good.

Zilliacus tells he approached Jassim Al-Thani's inner circle last Monday for the co-operation talks.

"Talks happen behind closed doors and possible results will be announced later."

Last fiscal year Inter made 300 million euros in revenue and 85 million euros losses, Zilliacus says.

"Only 300 million euros, even if Inter has 500 million fans", Zilliacus bemoans.

Zilliacus' business idea is based on different kind of services for the fans, enabled by new technology.

According to their calculations, the most devoted fans could buy services for even 400 euros annually.

"Combining the services of my companies and Al-Thani's capital, we could create a very interesting project", Zilliacus envisions.



Might be a bit clumsy language here and there, but bare with me.
 

Nerazzurri_Ninja

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i heard suning here to stay, here i was looking foward to new owners to bring that cash
 

DARi0

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Zhang insists on keeping Inter as debt battle continues
Pages eight and nine of today’s Gazzetta dello Sport detail how the Nerazzurri president reiterated his desire to retain control of the club during the most recent shareholders’ meeting, believing in the future of the project and the new stadium plans.

Zhang’s main issue is the repayment of the loan to Oaktree, which costs around €325m and is due by May 20, 2024. The Inter president wants to refinance the loan and is open to including a new fund as a minority shareholder.

No due diligence has been carried out by any potential buyers and Zhang is still pushing to avoid selling the Nerazzurri. In recent weeks, he’s been dealing with Suning’s delicate financial situation following the Chinese government’s decision to allocate €650m to the company to help their liquidity crisis.

Zhang is hoping to refinance the Oaktree loan and reduce the interest rates, which currently sit at 12%. The goal is to resolve this issue by late 2023 or early 2024 and talks are currently ongoing with at least two US credit funds.
Good luck reducing that interest rate!
 

.h.

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2.5B not M must to be clear :D I was gonna make a joke about him joining InterSPAC
 

CafeCordoba

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Zilliacus: “I'm serious. This week or next week at the latest, the current owners of Inter will receive a suitable proposal from me for the purchase of the club"
@repubblica

How long has it been since you heard from Steven Zhang?
Zilliacus: “We spoke a few months ago. Since then I have been speaking with the banks he relied on."

If your offer is accepted, are you ready to start with due diligence on the club?
Zilliacus: “Even immediately”
@repubblica

@franvanni
 

CafeCordoba

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I've been thinking how to contact but haven't figured it out yet. :D Can't send DMs in Twitter anymore.
 

brehme1989

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This guy is the Finnish version of Vlassis Tsakas :D
I wouldn't say it. He's half-legit. He's probably trying to get people to finance this and within 3 seasons flip the asset and take whatever profit he can.

Tsakas was just a fat motherfucker that was paid to be a clown. Unfortunately the guy who paid him to clown around is still there...
 

CafeCordoba

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Zilliacus talked (earlier in interviews I translated) how he would double the valuation of the club in 5 years.
 

crzdcolombian

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Zilliacus is at it.

His fund has apparently raised 2.5bn (not millions lol) dollars for investments in Italy, including football.

View attachment 10450

I like the picture included. :lol:

edit. edited millions to billions

why does it look like he was at a whore house in Vietnam/Brazil at some coke party with a bunch of hookers
 

RickyMaravilla'sRightFoot

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why does it look like he was at a whore house in Vietnam/Brazil at some coke party with a bunch of hookers
Where there’s smoke there’s fire…

The guy is determined, I’ll give him that. I just hope if it goes through he won’t try to change too much too quickly. And that he has an actual plan for how to develop the league and club and not just to use it as a medium for drawing attention to himself.
 

crzdcolombian

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Where there’s smoke there’s fire…

The guy is determined, I’ll give him that. I just hope if it goes through he won’t try to change too much too quickly. And that he has an actual plan for how to develop the league and club and not just to use it as a medium for drawing attention to himself.

he said he has 2.5 billion... I thought we only cost 1 billion?
 

.h.

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It's for buying more than a football club. Other companies too.
 

Jane The Virgin

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I mean... No?

Don't buy the club because in your vision you see some untapped market that will boost the profits. That's just silly. I'd rather the Sheikh calls another of his rich sheikh friends and they both buy Inter, because they're rich and want to spend money with nothing in return.

Zero patience for these kind of stuff...

Since he is not some finnish guy that would've made the finns here go in a crazy orgasmic mode of happiness, then I don't want him.

After Moratti and without a super rich sheikh guy or Russian billionaire, Steven is the best thing ever.

Realistic talk.
 
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