The Suning Commerce Group

bmotion said:

even if they sell the club for 700-1bn euro for me it’s hard to imagine a scenario where the new owner or owners would just put endless money into the club it self. I’m not even that sure that a new owner at Milan would suddenly change how their clubs runs atm. The clubs are business now and if u change everything from day1 u might end up in worse situation than before. I’d assume they already have some offers for the club and they will cash in any check to save their company back in china.

But I’m pretty sure we know nothing about what’s behind the scenes and they might hold onto the club way longer than what we expect at the moment.

Either way if sunning stays or we get someone new the club itself needs to be more efficient with their resources.I hope we have some kind of longer plan and we are not just okay survive until next summer and see where we are, cuz in long term that’s a loosing mentality

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Adriano@10 said:

True i do think that bbilan is probably gonna spend money though, dont think investcorp will hold back. Theres also this thing where you almost have to spend money in order to protect your investment when buying a football club.

Of Course we could also fall into an elliot like ownership where we wont be spending more and they ll just search to make a quick buck by finding another buyer a couple of years down the road with suning wanting 1 bio thats rather unlikely though.

I do agree that there might be things going on behind the scense which make suning refuse to sell. I honestly am surprised that we are not already sold with china breaking down on investments in football clubs and with sunings financial troubles i did expect them to sell us a lot faster.

My thing is that Investcorp did not go for BBilan cause they are Bbilanistas, and seeing as we re both in the same city we share the same stadium and the rumoured price of bbilan is pretty close to that 1bio suning is asking. So i m wondering why did they end up with Bilan and not inter.

I know the debt but realistically speaking that cant be the one thing that made em choose bbilan.
Also fully aware that bbilan is still the bigger brand internationally than we are.

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bmotion said:

even if they sell the club for 700-1bn euro for me it’s hard to imagine a scenario where the new owner or owners would just put endless money into the club it self. I’m not even that sure that a new owner at Milan would suddenly change how their clubs runs atm. The clubs are business now and if u change everything from day1 u might end up in worse situation than before. I’d assume they already have some offers for the club and they will cash in any check to save their company back in china.

But I’m pretty sure we know nothing about what’s behind the scenes and they might hold onto the club way longer than what we expect at the moment.

Either way if sunning stays or we get someone new the club itself needs to be more efficient with their resources.I hope we have some kind of longer plan and we are not just okay survive until next summer and see where we are, cuz in long term that’s a loosing mentality

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Stefan said:

It depends on the type of owner. If we get an investment firm they continue on the correction sustainable path. If it's a sheikh/billionaire fan boy then all bets are off.

Without a new stadium we will continue running into a brickwall.

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bmotion said:

how much more could we generate yearly with a stadium?

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Il Drago said:

Suning Plunges as Troubled Chinese Retailer Posts 2021 Losses of USD6.6 Billion

(Yicai Global) May 6 -- Shares in Suning.com plummeted by the exchange-imposed limit today, the first day of trading this week, after the struggling Chinese retailer reported an almost eight-fold widening of its losses last year from 2019 to CNY44.6 billion (USD6.6 billion).

Suning’s share price [SHE:002024] closed 4.95 percent lower at CNY3.07 (USD0.46). The stock markets were closed for a public holiday from May 2 to May 4 and the company suspended trading yesterday ahead of the release of its financial report but reopened today.

More than half of last year’s losses were due to poor investments, the Nanjing-based company said in its latest earnings report released yesterday. The firm is in danger of being delisted from the Shenzhen Stock Exchange as it has now been in the red for three straight years.

And the outlook does not look promising. In the first quarter, the company’s losses were CNY1 billion (USD149.7 million), compared with net profit of CNY456.2 million (USD68.3 million) the same period last year. Revenue plunged 64 percent to CNY19.4 billion (USD2.9 billion).

Suning had overdue debts of CNY32.9 billion (USD4.9 billion) as of the end of last year, so there are uncertainties regarding its ability to maintain sustainable operations, audit agency PricewaterhouseCoopers Zhong Tian said earlier.

Suning will continue to control costs and take action to improve cash flow, the Nanjing-based retailer said. The firm is also making great efforts to resume partnerships with its suppliers and partners and is seeking solutions to pay off its debts, such as negotiating payment in installments, to ease pressure on working capital and liquidity.

Suning's financial crisis is largely due to overaggressive expansion – the firm bought an 80 percent stake in hypermarket chain Carrefour China in September 2019 – and the fallout from the Covid-19 pandemic which greatly reduced footfall to its brick-and-mortar outlets. Last July it was part of a government-led bail out, selling a 17 percent stake for CNY8.8 billion (USD1.4 billion).

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Corrode said:

$5 billion for Suning company entire debt?
we're fucked

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bmotion said:

how much more could we generate yearly with a stadium?

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Corrode said:

new stadium still useless if suning keep sucking our revenues to china year after year

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Ethor said:

Probably nothing for awhile, have to pay for building the dang thing in the first place. Furthermore, is Inter going alone or with AC Milan on the deal. Let's not forget the infrastructure on getting to the new stadium too. I think of Arsenal and Tottenham stadium builds as models on this and they had better TV revenue incoming. Of course, I could be way off the mark.

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Stefan said:

Juve were able to take advantage of their new stadium quickly.

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.h. said:

Never taken a single penny out of this club. Please stop posting this Donald trump fake fucking news. Honestly it should be infraction worthy.

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Verathia said:

The ease with which people repeat things as fact that they heard second hand... I feel like stopping that would fix a lot of the shit we have going on in this country.

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