The Suning Commerce Group

.h.

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Or they counted on Super League money to gain time and wait for anyone willing to meet their demands. The talks with BC Partners had ended around March.
I dont think anyone was seriously banking on super league like that - look at the Juve share price, for example. It peaked for about 48 hours. Same story with Man Utd. It's blatantly obvious it was a risky gamble from day 1.
 

Adriano@10

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I think there's a difference between opex profitable and capex profitable for clubs. On a recurring cashflow basis, being profitable is *really* important, e.g. FFP. If you wish to go and spend all your profit in exceptionals (e.g. transfer fees), that's not an issue.

We're opex loss making right now.
Question here is are not most big clubs opex loss making atm cause of empty stadiums (epl being the exception) ? Also as a longterm investor would i really care if we cant cover opex atm as long as our opex is +/- covered under normal circumstances i.e. ex covid? Every other company that suffred from covid is giving out ex covid numbers why should it be different for a football club? We cannot assume that our stadium will be empty for ever and selling seats would go a long way to covering opex.
Were the likes of PSG/City/Chelsea not all opex loss making after the take over but before they started wining?
On FFP dont get me started there are a million ways to circumvent it and we re the only big club that ever really cared about it. You got enough money to buy inter for a couple of 100mios chances are you got enough money and influence to circumvent FFP if you really want to.

I guess my bottom line is suning paid 300 mio for inter i m sure they could have fetched a a quite high profit selling inter after wining the scudetto with or without covering opex.

Basically i m not sure if a non wining club that breaks even is more valuable than a wining club that makes losses. I guess it al comes down to the buyer and what their ambition is/
 

vex

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I dont think anyone was seriously banking on super league like that - look at the Juve share price, for example. It peaked for about 48 hours. Same story with Man Utd. It's blatantly obvious it was a risky gamble from day 1.
Nah, I honestly think they thought it would go through. They made a website ffs, signed a huge money contract, and perez looked confused in those interviews why everyone isn't building him a statue for the brilliant idea he had. They were that detached from reality...
 

.h.

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Question here is are not most big clubs opex loss making atm cause of empty stadiums (epl being the exception) ? Also as a longterm investor would i really care if we cant cover opex atm as long as our opex is +/- covered under normal circumstances i.e. ex covid? Every other company that suffred from covid is giving out ex covid numbers why should it be different for a football club? We cannot assume that our stadium will be empty for ever and selling seats would go a long way to covering opex.
Were the likes of PSG/City/Chelsea not all opex loss making after the take over but before they started wining?
On FFP dont get me started there are a million ways to circumvent it and we re the only big club that ever really cared about it. You got enough money to buy inter for a couple of 100mios chances are you got enough money and influence to circumvent FFP if you really want to.

I guess my bottom line is suning paid 300 mio for inter i m sure they could have fetched a a quite high profit selling inter after wining the scudetto with or without covering opex.

Basically i m not sure if a non wining club that breaks even is more valuable than a wining club that makes losses. I guess it al comes down to the buyer and what their ambition is/
So, yes, most clubs are *right now* losing money on an opex basis because of stadia. But Inter would have still lost circa 50mil in 19/20 even if there was no deferred revenue or stadia problems. We're opex-loss-making in good times, let alone bad times.

I'm not sure as to the finances of PSG/City/Chelsea off hand. I'd be surprised if they were loss making on an operational basis, but may have chosen to invest a lot in the team/etc.

It's not just the 300mil in Inter, tbh.It's also the hundreds of millions they've loaned Inter - like when thohir sold us, Suning assumed the debt IIRC (which is why our valuation was so low). It's typical with football clubs to either assume the debt or buy it out and pay a higher price.
 

Mr-Intermilan

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DARi0

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In these hours, according to the Gazzetta dello Sport, there is a sense of great tension. And management is in a very awkward and uncomfortable moment when it comes to negotiation with Chelsea for Inter striker Romelu Lukaku.

The first offer from the London club was turned down. Giuseppe Marotta, Piero Ausilio and Simone Inzaghi all expressed their doubts to ownership by explaining how serious Lukaku’s departure would be from a technical point of view. But the last word belongs to the Zhang family and Oaktree fund: this is also a fundamental step also to understand what the real prospects of Inter are. In Viale della Liberazione, the directors and coach would like to keep the striker who in the last two years has given substance to Inter’s ambition. But now, the outcome appears to be already chosen. And that has created a real rift in relationship.

Management of Inter believes that they can get to the financial goal set by Suning without sacrificing Lukaku. But instead, in Nanjing, they prefer to see the money right away. And unfortunately Suning will be victorious in this case.


Fuckin` retarded owners LET MAROTTA DO HIS JOB!
He is on his way delivering the target, why fuck the entire club up like this?!
 

DARi0

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First they fire-sell Hakimi and now this shit?!

Not even approaching the end of mercato, WTF are they so panicked about?! FUCK SUNING & OAKTREE!!!!!1

Can`t believe owners of such colossal business can be this retarded.

Why do you even hire top tier directors like Marotta if you`re not listening to them?!
 

DARi0

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Not even approaching the end of mercato, WTF are they so panicked about?! FUCK SUNING & OAKTREE!!!!!1
Well well well, it seems it`s not even about end of THIS mercato!


Inter President Steven Zhang is reflecting on whether or not to pull the plug on negotiations to sell Romelu Lukaku to Chelsea.


This according to online edition of Italian news outlet Gazzetta Dello Sport, who report that the Nerazzurri President is carefully thinking about all of the ramifications of a deal should Inter accept the Blues’ bid for the Belgian.

The main concerns cited are worries about the reaction of the fans given how badly the Inter fans have reacted since the news broke. The prospective sale of Lukaku has looked increasingly likely over the past few days, with the Nerazzurri ready to accept a bid from Chelsea who have pushed hard for the striker.

However, the move has generated significant controversy which is giving Zhang second thoughts, the report continues. Zhang, is reportedly, specifically worried about whether the sale of Lukaku could hurt the prestige and reputation of the club, as well as anger fans causing the club to lose income as fewer are willing to support the team financially without one of its key starters.

In an average home match at the Giuseppe Meazza before the pandemic, 66,000 fans attended the San Siro, making up for a major revenue source. The expectation is that virtually all supporters would be angered by Lukaku’s sale and that if the move is poorly-received it could lead to fewer fans willing to come and watch the team.

Meanwhile, Zhang must also consider the player’s own will, with the 28-year-old thought to be happy at Inter and not in any way opposed to staying, but also willing to accept a move to Chelsea should a deal be agreed. The Belgian has never pushed for a move and will have no issues remaining with the Nerazzurri should a deal be called off. However, it is thought that he is also enticed by the European champions’ sporting project, and would increase a significant wage increase to €12 net per season plus €3 million in add-ons.

In any event, Zhang is considering whether the sale of Lukaku would be the best way for the club to meet financial targets, with the club having set figures of €80 million in transfer market net spend and a reduction of the wage budget by 15-20% as the objective. However, these targets set need to be reached by the end of the fiscal year rather than by the end of the summer, the Gazzetta reports.

This means, the deadline for these goals is by the end of June 2022 as opposed to the end of August 31st 2021.


Marotta and Ausilio are of the opinion, the report continues, that they can reach these financial goals in the next two transfer windows, after a large portion of the financial goals needed, was covered by Achraf Hakimi’s sale to Paris Saint-Germain.

Zhang will be aware that he could well choose to keep Lukaku and that the club would still be able to cover the needed income with player sales not only this summer but also during the January transfer window and before June next spring and summer. For now, the situation is up in the air and should all parties agree to a deal it is thought that the player could be on his way.

However, President Zhang is well aware of the significant ramifications such a deal would carry, and is seriously contemplating whether or not to accept an offer from Chelsea.
 
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German_Interista

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Thank god, at least there is some kind of resistance. Hope Big Rom stays ffs
 

DARi0

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Inter CEO Beppe Marotta and Sporting Director Piero Ausilio are worried that only a small portion of the fee for Romelu Lukaku will be allowed to be reinvested into the team should the Belgian be sold.

This according to today’s print edition of Milan-based newspaper Gazzetta dello Sport, who report that the club directors are anxious that owners Suning and President Steven Zhang plan to make only €40 million available for the transfer market despite the expected large fee incoming from Lukaku’s sale.

😡 ZAPATA SHOULD FUCK ZHANG IN THE ASS
 
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nurko

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Now the risk is there that they say "you can't go" to Lukaku and his mind might have been set to Chelsea - you get an unhappy player that really needs the confidence to be a beast he was the past two years.

You either do it or you don't, don't play with the player and the club.

If Lukaku wants to go, then you reinvest the money and look to ease the pain of financial issues as you would if Lukaku was not sold.
 
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Sokrates

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Suning should fuck off and go, Steven Zhang is just a clown with nothing to say in the company. He should better never come back to Italy.
I have no problem by selling Lukaku, because his value is at the peak actually, but reading the news it seems Suning doesn't want to invest this money to strength the team.
I have no problem when Inter should finance itself, but what Suning is doing is just a disgrace and a synonymous for the whole China/Europe+USA relationship after corona crisis.
 

ADRossi

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Part of the issue here, imo, is that only the Italian contingent of our management are leaking news to the press. Suning aren't savvy enough to do such a thing. Marotta is painting the picture he wants to the media.

My suspicion is that Marotta really does want to sell Lukaku for the offered price. It's how he's always operated. He's just mad that Suning won't allow him to invest all of the proceeds back into the club, so he's backing the bus over Suning.

Just my tinfoil hat theory...
 

Ethor

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A rethink is in order, and more of the monies garnered from the sale should be given to rebuild for the future IMHO.
 
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