The Suning Commerce Group

[qb4ever_2k]

PIF was pure Milan's Arnault, and that was embarassing that some believed it.

 

[Il Drago]

There was a real interest from PIF about Inter. Even PIF lady confirmed it. On the other hand, Arnault has always denied there was any interest and there were even reports it was a scam.

https://acmilan.theoffside.com/2021...been-part-of-a-scam-bernard-arnault-sale-news

 

[qb4ever_2k]

There was a real interest from PIF about Inter. Even PIF lady confirmed it. On the other hand, Arnault has always denied there was any interest and there were even reports it was a scam.

https://acmilan.theoffside.com/2021...been-part-of-a-scam-bernard-arnault-sale-news

She confirmed the interest, and at the same time, denied everything thereafter while also shitting on the whole league. It's embarassing if you still talked about PIF after that.

 

[brehme1989]

She's not a PIF lady, she's an external associate. She wanted to get HER deal done, which was Newcastle, not someone else's, which could have been Inter.

She gets commission if PIF buys Newcastle, she gets nothing if PIF buys Inter. She got 10% of Newcastle after the deal. A "PIF lady" wouldn't have gotten any shares. Or any extra commission.


My understanding is that Suning didn't want to sell to PIF, while PIF didn't want to overpay for a strategic percentage (20-30% whatever it was). There was friction from the first moment between the Saudis and the Chinese, I doubt that they could have reached a deal.

They paid 250 for 80% of Newcastle, 20% was split between that Amanda chick and the Reuben guys, granting them 100% of Newcastle FC for pretty much half of what Suning wanted for just 30% of a semi-bankrupt company, with more unclear future revenue streams and the Chinese still running the show. Just because they had the billion to spare doesn't mean that they'd use it to buy Inter and then pump even more money.

At Inter it's a lot more complicated due to our odd shareholder structure.

 

[CafeCordoba]

Like brehme references, Staveley talking about Inter has very little relevance to anything. She maybe tried to broker the deal for PIF but once it was clear nothing gonna come out of it between PIF and Inter, she can trash talk all she wants, no relevance.

 

[Il Drago]

She confirmed the interest, and at the same time, denied everything thereafter while also shitting on the whole league. It's embarassing if you still talked about PIF after that.

But that was exactly my point. There was a real interest from PIF about Inter. It's just nothing came out of it. Nothing similar with Arnault and Milan. Only denials from Arnault side about Milan rumours.

@brehme1989 and @CafeCordoba you're missing my point. Call her however you want. I only brought her up because her statement confirmed there was a real interest from PIF about Inter. Even Financial Times had reported a year ago there was an interest from PIF for minority share before the deal with Oaktree. So it wasn't just made up rumours from "insiders". Of course the constant mention of PIF in recent months is embarrassing but if people choose to believe random dudes on twitter, it's their problem.

 

[brehme1989]

But that was exactly my point. There was a real interest from PIF about Inter. It's just nothing came out of it. Nothing similar with Arnault and Milan. Only denials from Arnault side about Milan rumours.

@brehme1989 and @CafeCordoba you're missing my point. Call her however you want. I only brought her up because her statement confirmed there was a real interest from PIF about Inter. Even Financial Times had reported a year ago there was an interest from PIF for minority share before the deal with Oaktree. So it wasn't just made up rumours from "insiders". Of course the constant mention of PIF in recent months is embarrassing but if people choose to believe random dudes on twitter, it's their problem.

There were also denials between PIF and Suning but you're right. I didn't try to insinuate anything, just followed up on @qb4ever_2k mentioning her as some sort of authority on whether PIF made a formal enquiry or not.

On LVMH, they're a listed company and they are required by regulation to deny any takeover, mergers and/or acquisition rumours unless they disclose everything to the regulators and the relevant authorities beforehand. Them denying it actually reinforces the argument than nullify it, as it means they acknowledge there's enough noise around it. There's no statistic on whether a denial is an actual denial, but the usually there's fire when you see some smoke in these deals.

Dal Milan al nuovo stadio gli interessi del Gruppo Arnault, di Hines e Prelios

Il via libera allo stadio è il tassello per incastrare gli interessi del fondo Elliot e quelli di eventuali compratori (Lvmh) o di partner nel nuovo distretto dell’entertainment (Hines e Prelios)

www.ilsole24ore.com

But since there's a prosecution now on this given that the alleged LVMH representative was just a shareholder, the smoke probably was just a smokescreen.

That can be attested by the fact that the Elliot Fund also said that they would not use intermediaries to reach a deal relating to Milan. There was possibly nothing formal between the two parties, but an initial genuine interest is what sparked the rest of it. So basically their story ended a couple of steps before our talks with PIF did, but their "kellosemuel" guys were saying it was a done deal and some even paraded as representatives (the Italian version of Vlassis Tsakas, with less media backing ).


The Arnault Group intends to attack the Italian market anyway. They have Armani, Prada and Tods (Della Valle) on their radar. So surfacing rumours about them getting a foothold via a top fashion city club is always going to happen. And this is what @.h. refused to understand the other time. I didn't say that they are buying the club for sure, I said if their intention was to buy it, there's a lot of logic behind it. And the rumours weren't completely false. From Milan's side, they did talk about selling the club to them but it ended quickly. Milan felt there was an intention from someone to buy on behalf of Arnault, whether it was the conman initially or a genuine enquiry from Arnault. If they really felt they could have been close to a deal, they'd call LVMH or Bernard Arnault themselves, they don't need intermediaries.

 

[bubba zanetti]

Fuck off

 

[TheNetworkZ]

I am going to start putting up For Sale ads around the internet in hopes that we find a suitable buyer. Wish me luck guys.

 

[IM21]

https://twitter.com/x/status/1499145758427209732

 

[TheNetworkZ]

Must be a slow news day for BILD. I stopped believing all Saudi rumours after their Newcastle purchase was completed.

 

[Il Drago]

Oaktree Managing Director Alejandro Cano: “Inter Are A Top Club, It’s Not Our Plan To Own The Club But Who Knows”​

The managing director of Oaktree Global Opportunities, major investors in Inter, has said that it is not in their plans to have full ownership of the club although that could change, according to a report in the Italian media.

Speaking during the Business of Football Summit that has been organised by the Financial Times and reported on by Calcio e Finanza, Alejandro Cano took questions about the company’s involvement with football and with Inter specifically.

Alejandro Cano was asked how many chances Oaktree Global Opportunities have had to buy the club from Suning but he says that it is not in their plans to do that, at least for the time being.

“It’s not our plan, we want to work as excellent partners and offer support, but who knows.”

He then explained the general thought process behind Oaktree Global Opportunities’ decision to invest in a football team.

“We can invest in different sectors and ways. For football, the need for capital was clear, this was the way to enter this world and see if we could invest.

“We decided it was interesting for two reasons: it is a worldwide sport, excellent in the long term and with growth potential; the ecosystem is positioning itself to be more financially sustainable, which means more profit.

“We evaluated the situation, then Covid expanded the possibilities and the need for more urgent capital.”

As for why the fund chose Inter as its place for investing money into sport, Alejandro Cano said that the fact Inter is a top club with fans all over the world was a major factor.

“What brought us to sport is a combination of capital need and a horizon of sustainability. Inter is a top club for followers in the world, it was the opportunity to play a role and support a club and we did it.”

 

[Corrode]

Must be a slow news day for BILD. I stopped believing all Saudi rumours after their Newcastle purchase was completed.

All journalist turning attention to political topic nowadays.

 

[brehme1989]

Hopefully someone with deep pockets saw us beat Liverpool at Anfield with our fans being the only ones to be heard and decides to take over

 

[Glass box]

Need to spend more money.

 

[Harpsabu]

https://twitter.com/x/status/1503128383500267520

 

[StefanNedelchev]

These cheap chinese fuckers are the main reason we are in this situation. They replaced Lukaku with grandpa Dzeko,Hakimi with Dumbries Eriksen with the mediocre milan guy, and world class coach like Conte with the coward Inzaghi and expected that we will play the same!! I really hope they will sell the club

 

[brehme1989]

https://twitter.com/x/status/1503128383500267520

Who the fuck is this guy?

 

[Harpsabu]

Who the fuck is this guy?

Lol, god knows. But he makes a good point.

200m in sales and we have to watch vecino, dzeko, Darmian, rannochia, lazer eyes.

Sia though, the verified tweeter is worth following.

 

[Stefan]

Sweddish freelance journo