The Suning Commerce Group

CafeCordoba

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Secretly hoping after the ink has barely dried in new stadium documents, they sell the club.
 

vex

Capitano
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Yeah, this really seems like watching slow motion of a car heading straight into a brick wall.

Hopefully some kind of common sense prevails with Zhang, although I highly doubt common sense is the thing that will determine this stuff, coz if he had used a common sense we would already have new owners.

I'm afraid we'll have to reach some kind of negative milestone for zhang to sell.
 

Capo

Primavera
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Has suning defaulted on a loan of 200M? And if so, what happens to Inter - With borrowing money to keep things afloat, sooner or later you have to pay these debts and with interest.

With that in mind, what is Oaktree like? Do they have other assets in the sporting environment? It would be scarey being owned by a hedge fund - Cut costs, milk sales and sell
 

TheNetworkZ

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It doesn't look like they've invested in any other sporting groups. If they do take the club over we'll be run similarly to Milan I guess.

I don't think there's a scenario in the near future, no matter the owner, where we aren't a cut costs/selling club.
 

Adriano@10

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Has suning defaulted on a loan of 200M? And if so, what happens to Inter - With borrowing money to keep things afloat, sooner or later you have to pay these debts and with interest.

With that in mind, what is Oaktree like? Do they have other assets in the sporting environment? It would be scarey being owned by a hedge fund - Cut costs, milk sales and sell
Yes they have but back in september 21.... But since these are mostly chinese creditors i dont see the risk to Inter or lets say the risk is minimal...
That all being said english material on Chinese financials are hard to come by and i might have missed some things.
How it stands and how i understand it this is not a problem atm as this has partially been solved by Suning not calling back those 200 mio evergrande owns them.....Calling that credit to evergrande was the only way fro suning to pay back that loan on time but no way the CCP would allow that...
The outcome was that the Zhangs lost control of Suning and the CCP and Baba got heavily involved...
Again not all detail to that deal is available in english and the ones that can be found are not all giving the same info.....
But from what i could gather that immediat Default was held of by not calling the evergrande loan and by the CCP and Baba getting involved...
Some sources do claim that it only gave suning a 18 months grace period though.....
As far as i know oaktree does not have any other sporting assets that being said we re also not listed as one of their portfolio companies...
Might be that they have other sports assets in their credit division....

On selling when we sign the new stadium deal when the fuck is that supposed to happen? We re talking about this since the early 2002 and in 20 years we ve made 0 progress....
Also getting the financing for such a project would be alot easier for a new owner then i t would be for our current owners ....
Also as networkz said we d probably be run the bbilan way or just be flipped instantly...
Not sure how much money oaktree put up in total for us but i d guess they d make a pretty decent profit just truning around and selling us for 500 mio...
 
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