The Suning Commerce Group

[.h.]

how about writing a book titled "comrade Zhang is always right"

Love how you read my posts where I explicitly say I don't get why he's still here or what his long term game plan is and come to that conclusion

 

[Wobblz]

..."how Milan have done it"...

1. Have money

 

[.h.]

1. Have money

to be honest, not really. If anything, its
1. Financial discipline, keep a strict wage structure and dont spend too much on players, but just enough to get into the CL.


Everyone makes such a big deal about our debt - and while, yes, over the next 12 months the Oaktree loan could definitely define our future, its about 1/3rd of our loss for 21-22.

 

[Meysam]

Love how you read my posts where I explicitly say I don't get why he's still here or what his long term game plan is and come to that conclusion

The subject is so clear but I don't understand why are you trying to make everything complicated.
I’m not sure what you are looking for to advocate for the Zhang family.

 

[.h.]

The subject is so clear but I don't understand why are you trying to make everything complicated.
I’m not sure what you are looking for to advocate for the Zhang family.

Because people overtrivialise everything.

Simple minded people like simple explanations - in reality, its not a simple explanation. We got fucked by COVID, for one. We got fucked by CCCP controls. We're going to continue to be fucked, because, Zhang family invested heavily in Inter to allow us to spend more than we earned. There's a LOT of mess with Inter, and a change of ownership - barring finding a unicorn sugar daddy which NO CLUB IN ITALY HAS DONE - our financial situation isnt going to massively improve with any change of ownership.


Ironically, if you dont want Inter to be in the situation we are in now - the solution is easy. Undo transfers of Barella, Bastoni, Lautaro, and Hakan, remove our debt, and our write downs and we probably break even and can run financially sustainable

But I Bet no one here would take that option.


Why do I care? Because y'all need to manage your expectations ahead of the inevitable change of ownership. Zhang taking over from Thohir was much 'better' than we deserved/should have expected, there's no guarantee we will get the same again whenever Zhang sells/defaults. Any realistic ownership for Inter is going to result in further hard times. Quite probably - yes - less difficult than we're seeing under Zhang, but anyone who thinks we're going to be competing for 100m players on a change of ownership is either betting on a unicorn, or completely not understanding the situation we are in.


(& as ever, if thats too complex for your brain to handle, feel free to simplify to '.h. is a zhang shill')

 

[Meysam]

Because people overtrivialise everything.

Simple minded people like simple explanations - in reality, its not a simple explanation. We got fucked by COVID, for one. We got fucked by CCCP controls. We're going to continue to be fucked, because, Zhang family invested heavily in Inter to allow us to spend more than we earned. There's a LOT of mess with Inter, and a change of ownership - barring finding a unicorn sugar daddy which NO CLUB IN ITALY HAS DONE - our financial situation isnt going to massively improve with any change of ownership.


Ironically, if you dont want Inter to be in the situation we are in now - the solution is easy. Undo transfers of Barella, Bastoni, Lautaro, and Hakan, remove our debt, and our write downs and we probably break even and can run financially sustainable

But I Bet no one here would take that option.

I think you’ve made it personal in this subject, bro. As far as I know, it’s business and they are not here for God’s/our sake but just for their profit, which is normal. Zhangs or ‘x’ doesn’t matter.
Personally, I appreciate what they have done so far, but it’s so obvious to me that the way they run the club doesn’t go anywhere and you can’t support them and their decisions no matter what happens.

 

[.h.]

I think you’ve made it personal in this subject, bro. As far as I know, it’s business and they are not here for God’s/our sake but just for their profit, which is normal. Zhangs or ‘x’ doesn’t matter.
Personally, I appreciate what they have done so far, but it’s so obvious to me that the way they run the club doesn’t go anywhere and you can’t support them and their decisions no matter what happens.

They're not here for their profit, though. They've made no profit from Inter. Even if they sell the club for 1 billion euros, they will have lost significant money. That's the thing. No one gives them credit - in the last 6? 7 ? years they've owned the club, they've probably injected 1 billion euros into this place in total.

And, yes, I agree, its also not going anywhere. I'm fully in agreement in that, there's no long term future for Zhang at the club - at least that I Can see. If he sees one, we'd all love for him to hold a press conference that shared what that actual plan was.

But dont pretend the issue is as simple as "ZHANG BAD, NEW INVESTOR GOOD". For one, no Italian club in the CL has been bought in how many years now? A long fucking time. For two, our financial constraints mean its unlikely a new owner will be able to seriously inject capital into the club, unless we do City/PSG style fake sponsorships.

Everyone is waiting for the rainbow of a new dawn - my point is there is no such thing in the short term of Inter (or, at least, its extremely unlikely).

 

[Corrode]

The subject is so clear but I don't understand why are you trying to make everything complicated.
I’m not sure what you are looking for to advocate for the Zhang family.

maybe he is a family member who has closer ties to Zhang Kangyang/Zhang Jindong's family. a family member should not be betray his families right?

 

[.h.]

maybe he is a family member who has closer ties to Zhang Kangyang/Zhang Jindong's family. a family member should not be betray his families right?

yep thats definitely the explanation.

 

[Meysam]

They're not here for their profit, though. They've made no profit from Inter. Even if they sell the club for 1 billion euros, they will have lost significant money. That's the thing. No one gives them credit - in the last 6? 7 ? years they've owned the club, they've probably injected 1 billion euros into this place in total.

And, yes, I agree, its also not going anywhere. I'm fully in agreement in that, there's no long term future for Zhang at the club - at least that I Can see. If he sees one, we'd all love for him to hold a press conference that shared what that actual plan was.

But dont pretend the issue is as simple as "ZHANG BAD, NEW INVESTOR GOOD". For one, no Italian club in the CL has been bought in how many years now? A long fucking time. For two, our financial constraints mean its unlikely a new owner will be able to seriously inject capital into the club, unless we do City/PSG style fake sponsorships.

Everyone is waiting for the rainbow of a new dawn - my point is there is no such thing in the short term of Inter (or, at least, its extremely unlikely).

I agree with you except for first part. personally Its hard to believe that Zhangs have baught Inter not for their profit and they are here cus they are Inter fan or they love us! it doesn't make sense to me.

 

[.h.]

I agree with you except for first part. personally Its hard to believe that Zhangs have baught Inter not for their profit and they are here cus they are Inter fan or they love us! it doesn't make sense to me.

I think the discussion elsewhere makes the most sense. At first it was an international brand thing, but post capital controls, it's a "ringfenced" asset held internationally beyond the ability of the CCP to force them to return to China. No other explanation really makes sense to me.

 

[ChillBro]

We can look at the specifics and we should. We can analyze the finances and we should. The complexity of an entire business isn't something that should be underestimated.

BUT - there are plenty of examples of why Suning is just bad at basic business. And that has NOTHING to do with China or covid or Serie A.

It is widely known that they are the debt kings of China. They grew and started irresponsibly levering up - and in many cases levering up to invest in non-core assets. You know where they didn't invest? In their own primary business! They are brick and mortar electric appliance store owners - they didn't bother to modernize. That is also why while many businesses and many clubs got disrupted by covid - Suning had a CATASTROPHIC drop. It is also widely known that Zhang started making deals and investing in 'friends' that turned out to be horrible investments that got him and Suning into massive shit.

On top of all that, their credit profile deteriorated because of their own mismanagement. At times where there were worldwide historic low interest rates, they locked into financing at very high rates. And I am in the industry and work in the USA, the fact that they had to go to oaktree to get bailed out is horrible. Massive red flag.

Also look at the sponsorship and other deals they signed, many of which didn't even pay out. They didn't think giving shirt sponsorship to some fucked no name unstable company because they offered a bit more than others was risky? Sometimes you take an established name for a iittle less than a risky name offering more.

Add that to the reports that Zhang personally interferes in business deals (preferring lukaku, not selling skriniar when marotta wanted to, etc.) and our inability to close so many deals and it just reeks of incompetence. They are BAD at business.

Think how this last season looks if we dont get a favorable draw in the CL and inzaghi doesnt scrap together great cup performances. Suning has and is GUTTING the club.

 

[brehme1989]

@ChillBro a lot of this stems from their mentality rather than inability. Theirs is incompatible with "western" business practices.

And a lot of people see Inter and look the other way because of them.

 

[IM21]

i hope oaktree don't make any new deals with these guys and tells them to fuck off.

 

[ADRossi]

i hope oaktree don't make any new deals with these guys and tells them to fuck off.

OakTree does not want Inter, I'd imagine. There's incentive for them to refinance with Zhang at an even higher interest rate to bleed more cash from them.

 

[.h.]

OakTree does not want Inter, I'd imagine. There's incentive for them to refinance with Zhang at an even higher interest rate to bleed more cash from them.

I agree in general but like there really isn't that much further to bleed us. We aren't paying interest, it's interest in kind, so it just snowballs towards a bigger and bigger default tbh

 

[Kramerica Industries]

OakTree does not want Inter, I'd imagine. There's incentive for them to refinance with Zhang at an even higher interest rate to bleed more cash from them.

Kill me.

 

[ChillBro]

@ChillBro a lot of this stems from their mentality rather than inability. Theirs is incompatible with "western" business practices.

And a lot of people see Inter and look the other way because of them.

Good point.

 

[brehme1989]

OakTree does not want Inter, I'd imagine. There's incentive for them to refinance with Zhang at an even higher interest rate to bleed more cash from them.

You mean from us...

 

[Nerazzurri_Ninja]

If we dont sign a real Striker and CB im gona question Zhangs commitment, really hoping for some last minute magic