The Suning Commerce Group

Capo

Primavera
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inter stature are more worse than m united, at least m united have money to allocate

On the field, I would say Inter is as competitive if not more.

If the roles were reverse, I dont think so. Hypotheitically if Man utd was in the same financial state and their management of the club.
 

Stefan

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Thanks I'm not stupid. How is this a counter argument to everything I said?
Your point about uefa not being fine with it being an issue. Red bull getting past it proves it can be done.

Whether Pif would want 2 teams is another issue.
 

DARi0

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ZHANG MEETS WITH SACRAMENTO KINGS OWNER RANADIVE TO TALK INTER SALE
Inter president Steven Zhang reportedly flew to California to meet with Sacramento Kings owner Vivek Ranadive as he looks for buyers for the Nerazzurri.

This week, reports emerged that the Nerazzurri’s management met with Goldman Sachs representatives to discuss selling the club. The investment bank have seemingly been given a mandate to help find a new buyer for Inter, something that seemingly must be completed before the deadline for the €275m loan taken from US investment fund Oaktree kicks in.

As highlighted by Calciomercato.com, Zhang flew to California this week to meet with Indian-American businessman Ranadivé, who is the owner of the NBA team Sacramento Kings. Ranadivé had already been linked with Gerry Cardinale’s takeover of Milan, underlining his desire to enter the world of Italian football.

Inter owners Suning’s financial concerns are nothing new but things are starting to heat up as they only have 20 months left to pay €275m back to Oaktree, a loan made with a 12% interest rate. The deadline for this is May 2024.

Suning also need to pay back bonds worth of over €400m, which have an interest rate of 6.75%.
Almost missed this one

Il Sole 24 Ore and Libero both reported over the last couple of days that Suning have put Inter up for sale with an asking price of €1.2 billion.
“These stories have been circulating for two years now. The Zhang family loves the club, respects the fans, knows what to do in order to guarantee the present and the future. They’ve always done that and will continue to do so.

“We expect a response from the squad today, not the club. The future is guaranteed in the best possible way and I don’t get into these matters. The Zhang family will never falter in their commitment to the club.” - Don Beppe Marotta :cool:
 

Puma

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Is the worst owner in the NBA worse than Suning?
 

ADRossi

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It's impossible to judge. The Kings are a dumpster fire, but it's not like the reason why is because they refuse to spend money. They hit the salary cap every year.

My bigger concern about Ranadive is that he's one of the POOREST owners in the NBA.
 

pupivn

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He would want to have his decision in everything but I think he’s minority in a big group, he doesn’t have enough money or he has to sell Kings.
 

Stefan

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Il Drago

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Beppe didn't deny possible change of ownership.

If anything, this is more of a confirmation than a denial. Also the fact the news initially came from management mouthpiece, Biasin, makes me believe it could be a lot more advanced than we may believe. Imo we could have news about this before the end of the year.
 

Corrode

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Bellinazzo: "Suning sells Inter only for political reasons. The directives of the Chinese government will not change. But, such a company with a turnover of 50 billion could easily manage and develop the club if not for this situation".
Suning/zhang have a turnover of 50 billion?

They are even worthless in China far apart from Alibaba and JD.
 

qb4ever_2k

Allenatore
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Suning/zhang have a turnover of 50 billion?

They are even worthless in China far apart from Alibaba and JD.

Suning is a traditional brick and mortar retailing chain, they are completely different from JD and Alibaba who are in e-commerce.

Their revenue in 2020 was $40bil, not quite $50bil but they were also retail stores in China during Covid, so not really their fault.
 

.h.

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and what does revenue mean anyway, profitability is the only real measure
 

qb4ever_2k

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This is not the 90s, nobody cares about profitability anymore these days lmao
Size and growth are everything, blitzscaling ftw.
 
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