The Suning Commerce Group

Candreva Crosses said:

That's what I've been trying to say But then they go on the logic of their demands because of the money they've spent with no regards of US the fans.

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Strale said:

If this is 'us' or them situation, why should fans care how much will owners make by selling? They are fucked and there needs to be pressure on them to sell, no matter what it costs them imo

They certainly brought more joy to Inter fans than I dared to dream, but it's not like Inter fans want them out on a whim. They are risking the future of the club. I hope they manage, but it's safer for Inter if they sell.

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Of course us fans won't care. But what I'm trying to explain is that the owners also don't care what the fans want. Owners own the club and they can sell whenever they please and can also decide not to sell if it doesn't suit them.

They probably have analyzed fans keep generating money for the club irregardless if they sell or not.

its kinda like me complaining my local supermarket doesnt have the range i like, and i wish they'd sell to the german companies who are trying to buy them, but i dont stop shopping there or anything

I find it kind of interesting how entitled football fans feel they are. There's no ownership of the asset, many of us dont even contribute 1 euro to the club's finances, just because we ""support"" the team we feel entitled to all these things - you dont really get that in other businesses/etc.


Its like me coming along and telling you to sell your house because I dont like what you did with it, but not at the price you're asking for. who the fuck am I to have an opinion

That's because the football hasn't been pure business for a long time. In the last 20 years or something it has grown to be one and even then, only for handful of clubs. Actually tiny portion of clubs in Europe.

So I kind of get the sentiment, but it's just not what it used to be. It's history. Now it's just business for the owners. Or a tool for other agenda. Morattis and berlusconis of the world are rarity these days, they simply do not exist anymore.

Suning.com Smashes Bankruptcy Rumors on Heels of $644.68 Million Q3 Net Loss​

On Tuesday morning, Suning.com, a Chinese retail and e-commerce conglomerate, posted a statement on Twitter-like social media platform Weibo, saying that the topic reading “Suning.com to declare bankruptcy at the end of December” was a rumor and that the company was operating normally. It has also reported the incident to public security officials, and the rumormongers will be investigated for legal responsibility according to law.

At the end of October, Suning.com released its financial report for the third quarter of 2021. The report shows that in the period, Suning.com’s revenue was about 21.968 billion yuan ($344.06 million), down 64.82% year-on-year, and its loss was 4.116 billion yuan ($644.68 million), down 676.73% year-on-year. In the first three quarters, the revenue was 115.57 billion yuan, down 36.1% year-on-year. Total losses reached 7.568 billion yuan, down 1483.29% year-on-year.

According to the report, the third quarter of this year was the most difficult period for Suning.com. Since June, a continuous liquidity crisis has caused the inventory scale of the company’s core 3C home appliance business to reach the lowest value in history, and the sales scale has dropped sharply, resulting in a large loss in operating performance.

In addition, the report pointed out that Suning.com is still in a difficult stage, but with the support of provincial and municipal governments and investors from various industries, the management team and all employees have fully promoted to the recovery of production and operations. It is expected by the company that the operating losses in the fourth quarter will be greatly narrowed compared with the third quarter.

.h. said:

its kinda like me complaining my local supermarket doesnt have the range i like, and i wish they'd sell to the german companies who are trying to buy them, but i dont stop shopping there or anything

I find it kind of interesting how entitled football fans feel they are. There's no ownership of the asset, many of us dont even contribute 1 euro to the club's finances, just because we ""support"" the team we feel entitled to all these things - you dont really get that in other businesses/etc.


Its like me coming along and telling you to sell your house because I dont like what you did with it, but not at the price you're asking for. who the fuck am I to have an opinion

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Bro as long as you turn on the TV to watch inter your contributing $ to this team and i d guess 99% of us do that......
Also the sponsorship money you get does correlate with how many fans you have wether or not they buy a shirt or go to the stadium is irrelevant.

The difference with your supermarket example is that most fans feel this way while probably only a small amount of customers care about the range as much as you do otherwise the store would have changed.
Football fans are more like crack addicts we know that the owners of our clubs are shitheads at times we know fifa and Uefa are fucked up corrupt corporations but god damn we got to get that fix when our favorite team is playing and we cannot just not watch the games. I mean for fucks sake i m watching serie A 25 years now and for most of the time i ve been bitching about how corrupt and how badly run this fucken league is, yet i turn it on every god damn sunday.

Fans not turning on their TVs for even half a season and those fucken owners would come begging but no we re all to addicted for that. And i m talking about the real fans here nobody cares about those popcorn fans that turn the TV on when theres a WC or a CL final. Yet we get 0 say in what happens in the club...
Matter of fact will still consume their product even if they ruin the very thing we love. Just look at MANU not to many fans like the ownership.

CafeCordoba said:

Of course us fans won't care. But what I'm trying to explain is that the owners also don't care what the fans want. Owners own the club and they can sell whenever they please and can also decide not to sell if it doesn't suit them.

They probably have analyzed fans keep generating money for the club irregardless if they sell or not.

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No, you were talking about them NOT fucking us over. Why didn't you quote the right post and not the one who I answered someone else?

Let me repeat:

Candreva Crosses said:

The whole discussion was about them fucking us over.

They want to sell the club but refuse when there is people bidding. They take loans and sell the players because they don't afford to keep Inter anymore. They put us fans in a limbo and make us watch Inter deteriorate. HOW is this not fucking us over? I don't give a shit about their money, the discussion was about them fucking us over.

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The disagreement here, imo, is between how things are and how they ought to be.

Of course the owners ought to have the right to decide for themselves, but the reslity is the CCP is not coloring inside the lines. They don't give a shit. And, we are yet to hear the justification why should we as fans care about Suning's financial reasoning.

Like @Adriano@10 said, we do have a say, whether we deserve it or not, whether the rules of bussiness allow it or not.

Strale said:

The disagreement here, imo, is between how things are and how they ought to be.

Of course the owners ought to have the right to decide for themselves, but the reslity is the CCP is not coloring inside the lines. They don't give a shit. And, we are yet to hear the justification why should we as fans care about Suning's financial reasoning.

Like @Adriano@10 said, we do have a say, whether we deserve it or not, whether the rules of bussiness allow it or not.

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Omg. There is no disagreement. I talked about them fucking us over and they didn't agree. Then they realised they were wrong and turned it into another subject about something completely else which I actually agree with them about but that was not the point of the discussion

Sure, but something else was more interesting to me and that's what I wrote about. It was't necessarily about your topic.

And imo Suning have not yet fucked us over. But they are about to, even though their influnce has been net positive thus far. They still must sell, no matter what it cost them, they must.

Candreva Crosses said:

Omg. There is no disagreement. I talked about them fucking us over and they didn't agree. Then they realised they were wrong and turned it into another subject about something completely else which I actually agree with them about but that was not the point of the discussion

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Let's get this straight. You talked about them fucking us over and we are wondering what this "fucking over us" means.

Zhangs have put several hundred million euros to the club but when they stop putting money in and sell players because finances don't add up, it's suddenly "fucking over us".

Please explain yourself.

People just expect to suckle at the tit of golden milk for free for their lives.

CafeCordoba said:

Let's get this straight. You talked about them fucking us over and we are wondering what this "fucking over us" means.

Zhangs have put several hundred million euros to the club but when they stop putting money in and sell players because finances don't add up, it's suddenly "fucking over us".

Please explain yourself.

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Gross mismanagement of the business can constitute screwing us over. Putting money into the business doesn't mean they're doing the fans justice if they do so unwisely. For example, "investing" in Mario and Barbosa through Kia.

I don't understand why we're supposed to feel sorry for Suning's lack of business acumen. They made a high risk investment and it's backfiring.

Is it? They made an investment and pumped loads of money into us. They're now expecting the asset to support itself. That's not unreasonable at all. Like having a kid, you pay their way and let them mature but Inter is now a 30 year old living in its parents basemebt still asking for pocket money because we gambled everything on an NFT and can't afford food

.h. said:

Is it? They made an investment and pumped loads of money into us. They're now expecting the asset to support itself. That's not unreasonable at all. Like having a kid, you pay their way and let them mature but Inter is now a 30 year old living in its parents basemebt still asking for pocket money because we gambled everything on an NFT and can't afford food

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Your argument implies that the football business is not being managed by Suning. This isn't Marotta and co. running a business at a loss and begging Suning to bail them out. Suning hired Marotta, with the understanding he'd pursue Conte and make him one of the highest paid managers on the planet. In other words, the losses Inter have accumulated are directly the result of Suning's actions.

Spending recklessly and then immediately peeling back is not how a good business is run. If Suning were truly concerned about money they should have built this club the way Elliot has built back Milan. Milan cut their losses in half last year and will be profitable by 2023. What's our path to profitability while remaining competitive?

Suning have .assivdly increase our revenue- and not just through dodgy sponsorship deals. We are now consistently in the CL, we won the league last year.

To execute the Milan plan here we would have to sell Broz, de vrij, lautaro etc etc. Anyone above 4m a season net basically would be gone, and then we'd be relying on pulling amazing players out of our scoutung network. "Sell everyone good and replace them with better, younger,cheaper players" isn't really a plan

.h. said:

Suning have .assivdly increase our revenue- and not just through dodgy sponsorship deals. We are now consistently in the CL, we won the league last year.

To execute the Milan plan here we would have to sell Broz, de vrij, lautaro etc etc. Anyone above 4m a season net basically would be gone, and then we'd be relying on pulling amazing players out of our scoutung network. "Sell everyone good and replace them with better, younger,cheaper players" isn't really a plan

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I forgot the numbers, but are we really profitable since 2018-19?

I recall Ausilio having to bail us in the last day for the FFP twice in a row.
I recall a bunch of Chinese/Asian sponsorships, a lot of which have not even paid us the full agreed sum yet.
I recall us having to cut costs and make big sales after the Scudetto.

We have increased revenue, but what about the increased costs? [Genuinely curious, haven't bothered with our books recently]

Our costs have increase too but thats my point of investment - we've spent money on players like Hakimi, Bastoni, Lukaku, Barella, etc. What (genuinely dont know) is Milan biggest signing jn recent years? Maybe Kessie?

They've pulled some quite talented young players out of the bag on pretty good financial deals. I'm not sure thays a sustainable or scalable model. If we plan to implement the Milan method, it could be a fucking disaster especially with our historical scouting quality. In my mind its no different to deciding to invest heavily jn the academy and have a Barca esque 30-50% of the first team from the academy. I dont trust us to find a Gavi, or a Pique etc in our youth team.

.h. said:

Our costs have increase too but thats my point of investment - we've spent money on players like Hakimi, Bastoni, Lukaku, Barella, etc. What (genuinely dont know) is Milan biggest signing jn recent years? Maybe Kessie?

They've pulled some quite talented young players out of the bag on pretty good financial deals. I'm not sure thays a sustainable or scalable model. If we plan to implement the Milan method, it could be a fucking disaster especially with our historical scouting quality. In my mind its no different to deciding to invest heavily jn the academy and have a Barca esque 30-50% of the first team from the academy. I dont trust us to find a Gavi, or a Pique etc in our youth team.

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Kessie was signed during the era of that Li guy. Elliott have actually made some really expensive signings.

Paqueta - 40m
Piatek - 35m
Leao - 30m
Tomori - 28m
Theo - 21m

The issue with Elliott is their wage bill limit which leads them losing their best players and having to rebuild. I disagree they don't have a plan. It's a plan that doesn't help them to take the next step. It's a plan that turns them into a feeder club. It's a plan i am not a fan of. But they do have a plan. And it's also a plan that slowly leads them to profitability.

What's exactly our plan? Honestly i don't know. Even with full stadiums and money from last summer sales, we're still expected to have 100m loss. We're very far from self-sustainability. Suning can't financially support the club anymore so even more cost cutting seems inevitable. To me it feels like we're just trying to survive till Suning find someone who's willing to pay their asking price.

Il Drago said:

What's exactly our plan? Honestly i don't know. Even with full stadiums and money from last summer sales, we're still expected to have 100m loss. We're very far from self-sustainability. Suning can't financially support the club anymore so even more cost cutting seems inevitable. To me it feels like we're just trying to survive till Suning find someone who's willing to pay their asking price.

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Our plan was to be a CL contender by 2019 but it failed.

Our plan was to be self-sustainable too, but then Suning wanted to win and we went with Marotta, Conte, Lukaku, Eriksen and finally Hakimi route. COVID fucked all that (yes it was going on when Hakimi was signed but I can guess it wasn't expected that COVID would hit like this). We won.

We won. But COVID fucked the long-term plan big time with the China policies and Suning gross business failures in China (relates to China policies).

It's a complex issue but I can't blame Zhangs fucking us over. They brought us the Scudetto after 11 years for fuck sake and made us CL team again. How that happened is another matter, but that is what they achieved. If we start selling half of our first team next summer, then I can admit the Scudetto was maybe too expensive because getting to Scudetto was the result of the heavy spending, now comes the bill.