The Suning Commerce Group

[CafeCordoba]

The rumor is Raine Group has found a buyer (yet again). So no breaking news or anything.

 

[armendsh]

The moment Arabs buy us we are doomed.. one thing for sure Marotta wont have the power he has now, and he willl leave for sure

We dont need money just for the sake of buying shit players with no passion
Like Chelsea,Psg etc
Barcelona is doing just fine with loans with Laporta
We are doing just fine without spending with Marotta and getting free players and a coach who is perfect for us.
We just need a good stabile President who isnt ego maniac and will let Marotta and Ausilio to work alone

 

[brehme1989]

There very strong rumours of some middle eastern take over but it’s not yet clarified if it’s SA, UAE, Qatar, Bahrain or Kuwait buyers but should be from one of those countries.

Why not Israeli?

 

[Gal]

The moment Arabs buy us we are doomed.. one thing for sure Marotta wont have the power he has now, and he willl leave for sure

We dont need money just for the sake of buying shit players with no passion
Like Chelsea,Psg etc
Barcelona is doing just fine with loans with Laporta
We are doing just fine without spending with Marotta and getting free players and a coach who is perfect for us.
We just need a good stabile President who isnt ego maniac and will let Marotta and Ausilio to work alone

If it’s not arabs, or Zhang it will be Oaktree who has no interest in running a club who will cut expenses to the bone and restructure to make the club look more attractive for potential buyers… But after that you will be bought by the same dusky or questionable personalities being either Arabs or Americans, because that’s literally the only interest there is in investing in football on the global market currently after the Chinese one part shot down on their citizens and companies investment outside China.

 

[Kramerica Industries]

Why not Israeli?

Friendship with Lazio ended.

 

[Ayalon]

Why not Israeli?

Cuz tech money is nowhere near oil money.

A few months ago there were rumors about Investcorp wanting to buy us, which is a Bahraini fund.

 

[Gal]

Friendship with Lazio ended.

Not really a big loss, also I’m sure our ultras would meet such an owner with open arms and a huge antisemitic banner.

Not that I really want an Israeli owner, no reason to be interwoven in that political drama.

Personally I rather prefer the club to be poor then having any owner from that region until they sort their issue and lack of human rights out. You can pretty much guess what my stance is about our Chinese owner by that stance.

 

[Cane]

Hope there is truth to the rumors. Looking forward to the decision makers having a sizable operating budget for my selfish footballing experience.

 

[IL Fenomeno]

The moment Arabs buy us we are doomed.. one thing for sure Marotta wont have the power he has now, and he willl leave for sure

We dont need money just for the sake of buying shit players with no passion
Like Chelsea,Psg etc
Barcelona is doing just fine with loans with Laporta
We are doing just fine without spending with Marotta and getting free players and a coach who is perfect for us.
We just need a good stabile President who isnt ego maniac and will let Marotta and Ausilio to work alone

Does Marotta actually has that much power? Seems like they always have wait for zhangs ok. remember bremer or skriniar who marotta wanted to sell but zhang wasnt giving his ok

 

[Besnik]

Inter are no PSG or ManCity. This club has much bigger history, prestige and everything else.

It would be cool having a new ownership that has enough funds to keep this competitive while not selling key players every transfer market. We survived until now, but it's not a sure thing that our directors can keep us competitive while being forced to sell key players.

Suning has done quite well since they took over but it's time to go. I'm not saying we should spend crazy money like the clubs mentioned above, but at least to be financially health while keeping clear ideas and project. Like I said, just because it worked nicely so far, it doesn't mean it wil always work like this. A change must be done in this matter, and the earlier the better.

Sometimes reacting on a bad situation could be too late if you haven't taken the right steps earlier.

 

[IM21]

https://twitter.com/i/web/status/1705351241851932695

 

[wera]

Well it's either an Arab owner, another Chinese owner (doubt it) or an American owner (who are hit or miss, most of them don't understand the culture of the sport or the sport itself)

Or, ofc, Zhang not being able to pay off the loans and we get snatched by some people that will try to sell us

 

[Anne Marie]

to be very honest, I am happy with an owner who is financially healthy enough to sustain our current football philosophy and general bonds between players. No more Hakimi, Brozovic sales, Oaktree types of loan. It would be weird to see an Inter with 3 Mbappe every transfer window and a FIF full of glory hunters.

(Brozo should have retired here)

 

[.h.]

to be very honest, I am happy with an owner who is financially healthy enough to sustain our current football philosophy and general bonds between players. No more Hakimi, Brozovic sales, Oaktree types of loan. It would be weird to see an Inter with 3 Mbappe every transfer window and a FIF full of glory hunters.

(Brozo should have retired here)

Unless you're expecting 100m+ in fake sponsorship, that's not a realistic scenario, and I'd be cautious about fake sponsorships because UEFA is starting to crack down on them. Reducing our debt does help, but we need to perform consistently better in the CL & still reduce costs to get to a happier position where we dont need plusvalenza


Our problems are our problems, not our owner's problems (e.g. we arent where we are because of problems with our owners, we are where we are because of consistently outspending our revenue for the last few years. Our ownership problems dont help, but they arent the big root cause.)

 

[brehme1989]

Our problems are our problems, not our owner's problems (e.g. we arent where we are because of problems with our owners, we are where we are because of consistently outspending our revenue for the last few years. Our ownership problems dont help, but they arent the big root cause.)

If the main difference is the interest payment that we're forced to pay for Oaktree, then it is 100% the owner's problem...

 

[.h.]

If the main difference is the interest payment that we're forced to pay for Oaktree, then it is 100% the owner's problem...

inter accrues fuck all on the oak tree loan. The accural of the debt (275m euro or whatever it is) is held by Great Horizons.

We'll see when 22-23 results are released, but for 21-22, a total of 81m from Oaktree had actually been lent to Inter (or, rather, a total of 81m in Shareholder loans had been made, I'm assuming these are all oaktree but we dont know for sure). Financing costs were a total of 4.8 million on Inter's books for 21-22.

The bonds are a different story, we paid 45mil for bonds in 21-22, but again, that's less than 1/3rd of the loss in 21-22, and in reality without the Hakimi+Lukaku plusvalenza, it would have been less than 20%.

The problem is that we operate a club that cost (in 21-22), 576million euros to run, and brought in 439million euros. With 105m of that revenue being plusvalenza.


Ownership is (to first order) irrelevant to our financial status - except for derivative things like whether we can get access to all the sponsors, etc. Fundamentally we run a club like Moratti did - 150m a year in spending more than income.




@ppier I wonder if it might be something for us to do something to look at how much you'd have to trim the squad to run it sustainably (with Zhang and without Zhang)? Could be kinda fun, just to make this a bit more real for everyone.

 

[IM21]

From fedes tweet

An Arab investment fund is ready to pay 1.3 billion to buy Inter. Due to team's success, Suning could hold out for bigger offer. Refinancing loan with Oaktree is not out of question


Tuttosport today digs deeper into the news launched yesterday by providing details on the possible buyer from the Middle East.


The puzzle, little by little, is getting closer to be completed. Rumors, leaks and confirmations are arriving on the offer which was delivered to Suning by the investment bank Raine Group LLC in the second half of August.


It was presented by a fund in the Middle Eastern area linked to the Saudis: all the clues lead to Investcorp, a global investment fund founded in Bahrain but raises a lot of capital from neighboring Saudi Arabia.


This hypothesis is also linked to the fact that Investcorp has been associated repeatedly to Inter for months. But, only a hypothesis.


The certainties, however, are on what is happening around Inter and on the scope of the offer received because the figure given the club's evaluation would be 1.3 billion euros, more than how much RedBird had to pay to buy Milan.


So, what is Suning going to do? The trip to the Champions League final last year is a double edged sword: meaning it increases Inter evaluation but at the same time it is enticing Suning to potentially hold out for even bigger offer.


The relationship between the Chinese company and Oaktree goes very deep and far beyond the loan granted to Inter. Thus, the hypothesis of refinancing the loan is always on the table and Zhang wants to take all the time he needs to make a decision.


This is an impasse motivated by the results obtained by the team: for Suning, saying goodbye after achieving the second star would be a fairytale ending. This could lead to a failure to sell the club, or to sell only at the end of the football season.

 

[brehme1989]

inter accrues fuck all on the oak tree loan. The accural of the debt (275m euro or whatever it is) is held by Great Horizons.

We'll see when 22-23 results are released, but for 21-22, a total of 81m from Oaktree had actually been lent to Inter (or, rather, a total of 81m in Shareholder loans had been made, I'm assuming these are all oaktree but we dont know for sure). Financing costs were a total of 4.8 million on Inter's books for 21-22.

The bonds are a different story, we paid 45mil for bonds in 21-22, but again, that's less than 1/3rd of the loss in 21-22, and in reality without the Hakimi+Lukaku plusvalenza, it would have been less than 20%.

All I see here is debt that's related to our crappy ownership situation.

The problem is that we operate a club that cost (in 21-22), 576million euros to run, and brought in 439million euros. With 105m of that revenue being plusvalenza.

Yes, that's the gist of it. But a new owner solves that to a high degree. Current owners aren't contributing with anything. No know-how, no connections for sponsorships, no idea of how to run a football club but at least they've learned to hire some people to do that, yet they still interfere.

 

[.h.]

All I see here is debt that's related to our crappy ownership situation.



Yes, that's the gist of it. But a new owner solves that to a high degree. Current owners aren't contributing with anything. No know-how, no connections for sponsorships, no idea of how to run a football club but at least they've learned to hire some people to do that, yet they still interfere.

Yeah but my.point is Oaktree barely impacts Inters P&L. Our debt and inability to operate as a football club is because we spend a fuckload more money than we make. We spend like a top premiership side, but we make like 40-60% of what a top prem side makes.

And yes there's probably some loss of money because of our ownership but you'd need sponsorships that blow Juves fake sponsorships out of the water for us to not need plusvalenza every season.

 

[varmin]

I hope we do not turn in another PSG or even Man City (despite their transfer policy is much more balanced last years). It's important to keep Marotta and Ausilio at the helm, and to avoid spending on spoiled starts with huge salaries like Mbappe, Neymar etc.