The Suning Commerce Group

[Ethor]

Investcorp appears to want spread the pain/future blame to include others. Grande, more oil rags but who's the engineer?

 

[crzdcolombian]

I love how clubs offer us 1/2 what we want for players now new owners are offering 1/2 what the current owners value the club at.

It's 650+ they absorb the current debt.... which can be around the billion mark.

 

[YoramG]

Hey, Investcorp hasn't been debunked yet. Hooray.

 

[RickyMaravilla'sRightFoot]

Hey, Investcorp hasn't been debunked yet. Hooray.

I’m sure it will once they have a peek at the books…

 

[.h.]

I cant possibly pretend to know what will happen with Investcorp, but if you're one of their investment managers, and you need to inject a few hundred mil into Inter to keep us afloat, then 100m/season for the next few years, do bear in mind the very real impact it will have on people's bonuses in the company. I dont know what the company culture is like, will they have the long term view to turn an asset around and make it a good investment on the books, or will they be short term focused on annual performance?

But Inter could cost them a significant part of their annual profit/AUM growth, in which case you'd be insane as a banker at Investcorp to consider buying us unless you dont care for your bonus.

 

[Capo]

The only thing that makes inter attractive is;
- Big Club
- Recognised brand internationally

New owners will need to clear the debt completely and commit to a new stadia deal. Only then can they think of introducing capital for stars. The aim will be to develop talent to hover around the Europa league before going all in Super League/Champions league 3 years from buyout.

 

[ADRossi]

Inter are worthless as investment. The Zhang's are demanding an unreasonable price given the return we provide. Anyone who buys this club is either stupid rich to the point that they don't care about losing money, or a misguided investor with the belief that:
1) A new stadium can be built
2) The Super League is coming
3) Serie A's broadcast rights are going to appreciate in value

And none of these three things are conceivable. Super League might be the most realistic, and by then our team will be so poor we might not even get an invite.

 

[Il Drago]

Hey, Investcorp hasn't been debunked yet. Hooray.

I've got you sorted my friend. Biasin said interest from Investcorp is real but it will be difficult to reach an agreement considering Suning high evaluation.

 

[ADRossi]

I've got you sorted my friend. Biasin said interest from Investcorp is real but it will be difficult to reacch an agreement considering Suning high evaluation.

Once the Oaktree loan deadline grows closer Suning will lower their demands.

 

[RickyMaravilla'sRightFoot]

Once the Oaktree loan deadline grows closer Suning will lower their demands.

Nah they're get another junk loan and HODL until Stevie "disappears" one day in the dense Milanese fog.

 

[Corrode]

huge chance no champions league ticket next season. Zhang's law suit. endless Suning bankruptcy. Oaktree comes near next year.. many event to watch.

 

[CafeCordoba]

Sole 24 Ore keeps reporting about Investcrop. There might be something cooking for real this time.

 

[YoramG]

I think what makes me more hopeful than usual is that the news didn’t come out during an international break or the summer where everyone is desperate for clicks, but rather during a crucial part of the season.

 

[NimAraya]

Our performance in the CL might find us more suitors.

 

[.h.]

Tbh I doubt it with the top 4 precarious situation. If we make top 4 then it adds a little bit, more than anything probably helps with sponsorship, but any prospective suitor will either want a discount to transact now because of the risk of not making top 4, or, wait until the end of the season when next seasons financials are more established

 

[Il Drago]

InvestCorp interest in buying Inter Milan from Suning heats up​

Bahrain-based fund InvestCorp are set to appoint a major global bank as a financial advisor as their interest in forming a consortium capable of buying Inter from current owners Suning heats up.

This according to today’s print edition of Italian business newspaper Il Sole 24 Ore, via Calcio e Finanza, who report that the Bahrain-based fund’s work is ongoing as they are seriously studying how to move forward towards taking over the Nerazzurri.

InvestCorp, who had already been linked with an interest in purchasing Inter in the fall, have been reported to be reigniting their interest over the past week or so.

Il Sole 24 Ore had been the first outlet in which the fund’s name reemerged last week, whilst Middle East News then provided further details on the fund’s efforts to raise funds from investors.

InvestCorp are reportedly keen to have up to $654 million USD ready when they arrive to attempt to take over the Nerazzurri from Suning.

According to Il Sole 24 Ore, the Bahrain-based fund are now taking the next steps, which include appointing a financial advisor for the process.

The business newspaper report that InvestCorp will soon be consulting with a major international finance bank as they start to firm up the details of their consortium to present an offer to Suning.

The newspaper also provides details on how the fund has arrived at the valuation of their anticipated offer to Suning.

It has already been reported that the looming due date of the Oaktree loan is a major factor that could push the current Nerazzurri owners to sell.

Il Sole 24 Ore go into further detail in explaining why the debt position of the club is a major factor in the analysis that has led InvestCorp to arrive at a target of €500 million to €600 million in equity as far as their offer to Suning.

The newspaper notes that Inter’s current debt bond is €415 million, with that bond having been issued early last year and expiring in 2027.
This is factored into InvestCorp’s valuation of a deal for the Nerazzurri, particularly in light of the situation with the Oaktree loan.

The loan, which Suning took on in 2021 in order to inject operating liquidity into the club amid post-pandemic financial issues, was for €275 million.

With the interest rates, the Inter owners must pay a total of €350 million to the US-based fund in the next thirteen months, and if they are to fail to do so then control of the Nerazzurri will pass over into the hands of Oaktree, considering that the club was put up as collateral.

According to Il Sole 24 Ore, whilst current Inter President Steven Zhang had explored the possibility of refinancing the loan, the situation with interest rates would make doing so very difficult.

Accordingly, the alternative for Zhang and Suning would appear to be to sell the club, something which has long been the subject of persistent rumours but which the current owners have not yet done.

The newspaper reports that InvestCorp have factored this aspect of the club’s debt position into their valuation, and that this is how they’ve arrived at a potential offer which they anticipate can be enough to convince Suning to sell the Nerazzurri.

In Italian article it's also mentioned Zhang values the club far higher than 1.2 billion.

 

[CafeCordoba]

As said, that valuation will start dropping down when the May 2024 gets closer.

 

[Puma]

It's going to be Milan Skriniar all over again only this time it will involve the sale of the club:

Milan Skriniar: Shop around the player, price him at 88 million, receive an offer for 55 million, refuse to sell, Skriniar walks on a free.

Suning and Internazionale FC: The club is allegedly worth more than 1.2 billion, price the club out of the market, May 2024 edges closer, offers come in lower than Suning are seeking, they either sell at a significantly lower amount or they lose the club altogether to Oaktree.

Let's see how much they learned from the Skriniar transfer saga.

 

[Corrode]

amen

 

[CafeCordoba]

I can take that. Some interested party will buy Inter for cheap from Oaktree and possibly have better funds to support the operation then.