- Joined
- Nov 24, 2013
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- Zanetti, Baggio
The outlook for this ownership group does not look good.
The Chinese government has halted trading in Suning stock as there are fears that Suning, Evergrande and Huarong's financial debts and stock price dip could spread throughout the financial sector of China. Suning accepted bailout from CCP linked funds and bond repayment extensions. According to S&P, Suning's debt stands at more than $6.6bn USD at the end of the 3rd quarter last year with about two-thirds in short-term obligations. Article
So Suning are continueing to take on more debt, (the €270m loan from Oaktree, to be repaid in full in exactly 3 years), all the while forcing the club to cut salaries and generate revenue via transfers. They value Inter at €1bn and stopped all talks with BC Partners because they believe the ESL would solve their issues. This does not look good for the club. They are reaching critical mass of just imploding. Their only recourse is to sell the club and I pray this happens before anyone is sold off. If Suning do not sell the club, I don't see us keeping Martinez, Hakimi, Skriniar, Lukaku and potentially Bastoni at all within the next 3 years.
At this point, please sell the club to BC Partners or the Saudi Prince, we are going back to year 0...
The Chinese government has halted trading in Suning stock as there are fears that Suning, Evergrande and Huarong's financial debts and stock price dip could spread throughout the financial sector of China. Suning accepted bailout from CCP linked funds and bond repayment extensions. According to S&P, Suning's debt stands at more than $6.6bn USD at the end of the 3rd quarter last year with about two-thirds in short-term obligations. Article
So Suning are continueing to take on more debt, (the €270m loan from Oaktree, to be repaid in full in exactly 3 years), all the while forcing the club to cut salaries and generate revenue via transfers. They value Inter at €1bn and stopped all talks with BC Partners because they believe the ESL would solve their issues. This does not look good for the club. They are reaching critical mass of just imploding. Their only recourse is to sell the club and I pray this happens before anyone is sold off. If Suning do not sell the club, I don't see us keeping Martinez, Hakimi, Skriniar, Lukaku and potentially Bastoni at all within the next 3 years.
At this point, please sell the club to BC Partners or the Saudi Prince, we are going back to year 0...