The Suning Commerce Group

[.h.]

Nothing will happen before the end of the season. As I said a while ago (albeit different circumstances) too much risk to a buyer unless Suning are willing to discount for the risk. Technically we can end up between outside of the CL and CL winners which has a huge range on our valuation.

 

[Superminion]

Nothing will happen before the end of the season. As I said a while ago (albeit different circumstances) too much risk to a buyer unless Suning are willing to discount for the risk. Technically we can end up between outside of the CL and CL winners which has a huge range on our valuation.

Any insight why China construction bank, one of the biggest in the country (and likely to have deep political connections with the ruling communist party) need to chase zhang all over the world for their owe money?
I mean why don't they just sued them in Beijing court instead? Unless off course zhang is truly broke, and have zero personal assets with any value left inside China.

 

[.h.]

Any insight why China construction bank, one of the biggest in the country (and likely to have deep political connections with the ruling communist party) need to chase zhang all over the world for their owe money?
I mean why don't they just sued them in Beijing court instead? Unless off course zhang is truly broke, and have zero personal assets with any value left inside China.

Not a clue. Sorry man.

 

[Adriano@10]

Any insight why China construction bank, one of the biggest in the country (and likely to have deep political connections with the ruling communist party) need to chase zhang all over the world for their owe money?
I mean why don't they just sued them in Beijing court instead? Unless off course zhang is truly broke, and have zero personal assets with any value left inside China.

Its ccb asia so a subsidiary of the CCB and not the ccb themselfe....
Secondly as i understand it this case is mostly about offshore investors about whom china usually does not really give two fucks, last but not least zhang "just" vouched for the bonds which went tits up and now he does not want to follow through.
So my best guess is that it s the CCB asia that is chasing Zhang and his money but they are chasing him to protect non chinese investors money so the CCP really does not give to much of a fuck as long as the loss does not end up on their subsidiaries books which it wont with the current ruling.

If the CCP and the Main CCB really cared about that money being paid back it would be paid back by now or zhang would have never left hong kong after the trial.

 

[Superminion]

Its ccb asia so a subsidiary of the CCB and not the ccb themselfe....
Secondly as i understand it this case is mostly about offshore investors about whom china usually does not really give two fucks, last but not least zhang "just" vouched for the bonds which went tits up and now he does not want to follow through.
So my best guess is that it s the CCB asia that is chasing Zhang and his money but they are chasing him to protect non chinese investors money so the CCP really does not give to much of a fuck as long as the loss does not end up on their subsidiaries books which it wont with the current ruling.

If the CCP and the Main CCB really cared about that money being paid back it would be paid back by now or zhang would have never left hong kong after the trial.

Ah... It made sense

 

[YoramG]

Anyone heard anything new on these guys moving on? Things seem to have very much cooled down recently - not even a nice Moratti come-back story to keep us entertained.

 

[.h.]

If anything happens it won't really start until after the season ends. The valuation swing of whether we win or not is quite substantial.

I think their situation looks pretty untenable with the Oaktree loan coming due, but they've managed to cling on to power when I didn't think they could before.

I'm still expecting a sale this summer, but locking in a new main sponsor could be a counterpoint to my perspective fwiw.

 

[TheNetworkZ]

If a sale was happening this summer we'd know something by now. It's been dead quiet.

 

[CafeCordoba]

Yeah there's been popping up rumors throughout the winter and spring if Zhangs can refinance again.

 

[brehme1989]

If a sale is happening we'd not know about it now.

But expect news in the week following the CL final if there's any movement.

 

[wera]

Now that we are CL finalists, they absolutely don't want to sell

 

[crzdcolombian]

Now that we are CL finalists, they absolutely don't want to sell

chances of that happening again in the next 5-10 years is very very low tho

PSG, Man City, Man U, Bayern, Real, Chelsea are just so much richer than us and transfer budgets are comical. Right now we are a cineralla team that shit doesn't happen often. Nor is some new potential owner going to be stupid enough to think this will happen again in the next few years.

 

[Nerazzurri_Ninja]

there prob be news of a sale after we win CL.

 

[satubito]

I believe a sale will be coming this year. They don't want to distract the players right now heading into a big final. Suning just can't risk losing the team for nothing next year. Now's the time to sell while we are "hot".

 

[.h.]

I believe a sale will be coming this year. They don't want to distract the players right now heading into a big final. Suning just can't risk losing the team for nothing next year. Now's the time to sell while we are "hot".

if they successfully refinance oaktree, then it goes out the window, there's no "deadline" until the bonds which is like 25? 27? I cant remember, cafe knows the year?

 

[satubito]

if they successfully refinance oaktree, then it goes out the window, there's no "deadline" until the bonds which is like 25? 27? I cant remember, cafe knows the year?

For sure. Just glad the Leeds owner went in another direction. Let's see what happens.

 

[Adriano@10]

if they successfully refinance oaktree, then it goes out the window, there's no "deadline" until the bonds which is like 25? 27? I cant remember, cafe knows the year?

27 i think... Also depending on the markets and our overall situation we might be able to refinance that debt at a lower cost in 27... The bonds really are not our biggest problem, Oaktree is.
I mean after all we took out that debt to pay off bonds that were maturing...

 

[.h.]

tbh, I'm more worried about the bonds

Oaktree default means ownership change. I dont really actually care that much about that.

Bonds are secured against our media revenues, IIRC, so it has a very direct impact on the club if we default on them

 

[Adriano@10]

tbh, I'm more worried about the bonds

Oaktree default means ownership change. I dont really actually care that much about that.

Bonds are secured against our media revenues, IIRC, so it has a very direct impact on the club if we default on them

Yeah but probability of default imho is a lot lower gonna be easier to refinance the bonds than the oaktree loan imho.
Also yes it s secured by our media entity....

 

[.h.]

oh, i agree with that. A new owner could wipe them out for example. But as I've said before (and in the most recent comment) - for the most part, Inter's ownership is kinda irrelevant. If we default like the Milan owner did and we revert to Oaktree, etc, all that - whatever. It's only a question of the new owner's strategy.

Material risks to the existance of Inter is what I really care about, who owns the equity I dont really care as long as they're doing a good job