The Suning Commerce Group

[CafeCordoba]

Yeah, he's not gonna get 1bn. Price might be 1bn but he's not gonna see that money as the price would include debts meaning they would have to be covered.

Thing is how less Zhang is willing to take because whatever is offered, buyers can offer that to Zhang and Oaktree. Buyers can wait and get the club from Oaktree year from now or get it now from Zhang. It just depends who gets the money.

 

[Adriano@10]

Yeah, he's not gonna get 1bn. Price might be 1bn but he's not gonna see that money as the price would include debts meaning they would have to be covered.

Thing is how less Zhang is willing to take because whatever is offered, buyers can offer that to Zhang and Oaktree. Buyers can wait and get the club from Oaktree year from now or get it now from Zhang. It just depends who gets the money.

THanks was about to lose my shit repeating this for the 1000ths time...
That billion would assume that at the very least the oaktree loan is payed off..

 

[CafeCordoba]

THanks was about to lose my shit repeating this for the 1000ths time...
That billion would assume that at the very least the oaktree loan is payed off..

Well Oaktree loan is a different thing. If someone buys the club, that one won't inherit the Oaktree loan because it has no connections to Inter legally, it's just a loan taken by Zhang's one holding company.

Debt I was talking about was the debt the club itself has, which is worth 415m or something like that, due in 2027. If someone buys Inter for 1bn, I assume buyer does not want to buy a club which needs to serve such debt at the same time ie. club needs refinancing in 4 years, at the latest. Since the club is losing money every year, technically club can't even pay the interests but needs external financing for that.

 

[Adriano@10]

Well Oaktree loan is a different thing. If someone buys the club, that one won't inherit the Oaktree loan because it has no connections to Inter legally, it's just a loan taken by Zhang's one holding company.

Debt I was talking about was the debt the club itself has, which is worth 415m or something like that, due in 2027. If someone buys Inter for 1bn, I assume buyer does not want to buy a club which needs to serve such debt at the same time ie. club needs refinancing in 4 years, at the latest. Since the club is losing money every year, technically club can't even pay the interests but needs external financing for that.

The key here is that that money s owed to suning like suning loaned inter over the course of their ownership some 407 mio which were still on our bs in 22(end 21)(accoriding to the swiss rambler cannot find our actual BS atm). Now in any transaction these 407 mio would be deducted from the buying price as in if inter is "sold" for 1 bio suning would actually receive something around 593 mios...

People also need to understand that deal are very oftem quoed like this so a deal might be worth 1 bio but only 500 mios change hand.

There is no scenario where somebody pays 1 bio for inter ad the debt situation stays the same.....

 

[CafeCordoba]

Yes, that was my point.

 

[ADRossi]

Remember five years ago when Roma miraculously made the UCL semi final and attracted a legitimate, lucrative kit sponsor.

Anyone home?

 

[IM21]

Remember five years ago when Roma miraculously made the UCL semi final and attracted a legitimate, lucrative kit sponsor.

Anyone home?

when you realize that the sponsor was Digitalbits...

(i know it was not)

 

[DARi0]

There have been consistent reports that Suning are looking to sell Inter after running into financial difficulties, including the need to repay the huge loan from Oaktree finance in May 2024:

“We are not talking to anyone, we are concentrated on moving forward” - Steven Zhang told Amazon Prime Video Italia.

 

[Nerazzurri_Ninja]

Sunning says there here to stay, winning Champions league would be nice

 

[crzdcolombian]

Sunning says there here to stay, winning Champions league would be nice

yea then letting all contracts expire and instead of burning money on old bums bring back some of our youth players. Aim for a top 4 finish next season. How much would we save from the wage bill if the over paid garbage leaves for free? Then we can decide to cash in on a few players. Would prefer to keep Bastoni and Barella but comes down to will they renew on realistic terms. 7 million for Bastoni when he isn't world class and we are bankrupt is stupid.

 

[compile]

yea then letting all contracts expire and instead of burning money on old bums bring back some of our youth players. Aim for a top 4 finish next season. How much would we save from the wage bill if the over paid garbage leaves for free? Then we can decide to cash in on a few players. Would prefer to keep Bastoni and Barella but comes down to will they renew on realistic terms. 7 million for Bastoni when he isn't world class and we are bankrupt is stupid.

Bastoni is actually the best ball moving CB in the world, he's the best at moving the ball from the back forward. I'll see if I can find the post on twitter (or w/e I saw it), that compared him to the "world class" CBs.

*edit here is the chart

 

[Nerazzurri_Ninja]

keep up the good work bastoni

 

[Puma]

Not sure if anyone saw it, but last night I read a rumour that Suning are trying to get the $275 million loan refinanced.

Sadly for us, they are the owners that do not want to go away, no matter how dire things are economically.

 

[Corrode]

Suning have money?

 

[Adriano@10]

Not sure if anyone saw it, but last night I read a rumour that Suning are trying to get the $275 million loan refinanced.

Sadly for us, they are the owners that do not want to go away, no matter how dire things are economically.

This means nothing... There is nothing else suning can do and even if they want to sell they have to portray an image of strength as in that they could refinance if they needed to otherwise any potential buyer would just wait for suning to default and get inter at a discount.
Like this is just the prudent move to make wether your intent is to sell or not....

 

[IM21]

 

[Capo]

Not sure if anyone saw it, but last night I read a rumour that Suning are trying to get the $275 million loan refinanced.

Sadly for us, they are the owners that do not want to go away, no matter how dire things are economically.

They have been trying to refinance it six months ago.
They cant, and will default or sell Inter to break even at a discount 450M.

 

[IM21]

Theres a report saying Gianfelice Rocca would be willing to buy Inter. He is worth $5.2 billion, which places him as the 146th richest person in the world. He's also the chairman of Techint, which is the largest steel making company in Argentina.

 

[.h.]

Theres a report saying Gianfelice Rocca would be willing to buy Inter. He is worth $5.2 billion, which places him as the 146th richest person in the world. He's also the chairman of Techint, which is the largest steel making company in Argentina.

I dont know anything about him, but the only way I can imagine that happening is if he's fronting a group of investors. At 5.2 billion, Inter would take 2% of his net worth every year just to keep afloat, and something like 20% of it just to buy and recapitalise. Unless he fancies giving a lot of money to charity, it's not a great investment for him.

 

[Ayalon]

Theres a report saying Gianfelice Rocca would be willing to buy Inter. He is worth $5.2 billion, which places him as the 146th richest person in the world. He's also the chairman of Techint, which is the largest steel making company in Argentina.

Not to be insensitive, but he's 75 years old, what kind of long term plan could he have for owning the club?