The Suning Commerce Group

bubba zanetti

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I agree but sadly i dont think we have much of a choice... Dont think there are multiple routes open to us and suning is gonna take who ever offers the most money.
Doesnt matter just sell the club already to someone that is not broke.
 

bubba zanetti

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This bullshit rumour is just some sort of distraction from catastrophy start of the season.
 

CafeCordoba

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Suning purchased 70% of the club for €275m + took on iirc 40% of debt. They invested in training facilities (renovating the building, pitches etc). The purchased terrible players (Mario, Kondo, Gabigol). They then proceeded to use Inter as an asset to take a €275m loan from Oaktree (which is most likely included in that chart). Suning have not injected almost €1BN on Inter. They are taking all loans etc into account, but Suning Holding hasn't injected more than €500m.

They cannot inject their own money into the club as they are restricted by the CCP in doing so. The loan to Inter is from Great Horizon Sarl, which is a company they set up in Luxembourg. They set up this company to funnel their money out of China most likely. Zhang has no money. LionRock Capital can force Suning to re-purchase their 31% stake at any given time now (they had a 4-5 year agreement where they wouldn't iirc), and Suning have no choice but to take another loan to pay that off.

Until Suning/Zhang are gone our financal problems will get worse. Milan was just purchased by the 2 biggest MLB teams (Red Sox/Yankees), their owners are ripe with money.

For 2021-2022, we made a profit of €161.05m in transfers. €197.05m total - €36m in purchases. Yet we still need to come up with €60m by next summer...
Transfer money profits are irrelevant. Relevant is the total profits/losses of the club. In 20/21 season we made -245m result, record in Italian football. Past year's losses are not yet out but will be in month or two.

When we make losses it means we've got some outside money to keep the thing running ie. Zhang's money. We haven't made break even result with Suning so far meaning we've financed all our seasons with either debt or Zhang money.
 

Kramerica Industries

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Makes no sense given the current debt level at Inter.

I don't believe the rumor for one minute either, but it's worth remembering that for sportswashing projects like PIF that money really is no object to them. They have more money than they know what to do with; their only goal is trying to hide the atrocities that happen in their country under their watch.
 

TheNetworkZ

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I don't believe the rumor for one minute either, but it's worth remembering that for sportswashing projects like PIF that money really is no object to them. They have more money than they know what to do with; their only goal is trying to hide the atrocities that happen in their country under their watch.

But it still makes little sense to buy Inter for 1 billion euros directly after acquiring Newcastle. It would mean they plan on dropping that project quick.
 

CafeCordoba

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But it still makes little sense to buy Inter for 1 billion euros directly after acquiring Newcastle. It would mean they plan on dropping that project quick.
Why? Buying a football club for these guys mean buying influence ie. soft power. How buying a football club from Italy would mean they would drop a football club ownership in Britain? I don't see a connection.
 

Forzanerazzurri

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But it still makes little sense to buy Inter for 1 billion euros directly after acquiring Newcastle. It would mean they plan on dropping that project quick.
It also makes no sense that inter with several hundred million euro in debt (one of the highest in club football) would go for the same amount as Milan which is debt free when their revenue and EBITDA are comprable. Also "having more money than they know what to do with" doesn't mean they can just overpay for assets without recourse. The fund is governed and would need to find value for assets as part of it's governance. In other words they need to demonstrate value for the asset and an appropriate return for investors.
 

CafeCordoba

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It also makes no sense that inter with several hundred million euro in debt (one of the highest in club football) would go for the same amount as Milan which is debt free when their revenue and EBITDA are comprable. Also "having more money than they know what to do with" doesn't mean they can just overpay for assets without recourse. The fund is governed and would need to find value for assets as part of it's governance. In other words they need to demonstrate value for the asset and an appropriate return for investors.
If there's ever some deal, the money the buyer pay could be this 1.2bn€ but it would include debt-free club or debts being heavily refinanced. No one is indeed gonna spend 1.2bn€ to buy Inter at its current financial state.
 

bubba zanetti

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Thats about it.

"This according to Italian news outlet FCInterNews, who report that the PIF have not made a new improved offer or done any due diligence necessary to resume any talks with Suning, as had been suggested in a report.

A report emerged from Italian broadcaster SportItalia shortly after Inter’s Champions League group stage opener against Bayern Munich that the PIF had made a new offer worth €1.2 billion to Suning to buy Inter and that negotiations are now underway.

However, according to what FCInterNews has ascertained, there are no talks ongoing, and in fact the PIF have preferred to invest in Premier League club Newcastle United.


According to the report, the Saudi fund continue to reject the possibility of investing in an Italian football club on the basis that it is less financially advantageous than an investment in the Premier League, where among other factors, broadcasting revenues are significantly higher.

If an offer of €1.2 billion were to really arrive to purchase the Nerazzurri, then Suning would very seriously consider it, but at the moment there is no concrete offer of this size, while there is some tentative interest from funds in the US.

Meanwhile, as FCInterNews notes, the situation with US-based fund Oaktree Capital is still ongoing, with the large loan that the Nerazzurri took on last summer due to be fully repaid by 2024."

We are fucked.
 

Nerazzurri_Ninja

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I still believe in PIF, they not only wanted an English team in Newcastle but a French team in Marseille and Italian in Inter
 
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