The Suning Commerce Group

Mikele

Primavera
Primavera
Joined
May 26, 2022
Messages
163
Likes
119
I don't believe Zilliacus has disclosed that number to Manchester Evening News. I mean, I've read the interview and the number wasn't quoted to him.
This guy Zillacus is like klown. For months he is going around buying MU, Inter... offering 1B, 1.4B, ... He is with Investcorp, US investors... He offers some fans platform to Ratklif... He just wants attention.
 

Capo

Prima Squadra
Prima Squadra
Joined
Apr 22, 2019
Messages
880
Likes
556
They can definitely get an extension. The media has no idea how capital markets work.

Its not up to Suning, its up to the fund/market.
I dont see how things works out for Suning or even having the capital to pay this back, other than selling material assets, unless there is something going on in the background but nothing suggest they have recovered from COVID-19 and the Chinese Economy is facing tailwinds.

Any capital fund doesn't lend out 100 million dollars for friendship. They will tell Suning this is the Interest rate or have Suning provide more assets. Either way, Suning knows what they are doing or could be on a downhill slope and Inter becomes a more attractive asset, so they get their price, or they roll snake eyes and lose any sort of reward.

I would not be surprised if Oaktree amended the clause that they (Suning) get anything....
 

Mr-Intermilan

Prima Squadra
Prima Squadra
Joined
Dec 29, 2018
Messages
528
Likes
880
I'd rather Suning keep control somehow and we keep going the way we are.
one of the risks as you mentioned, they will sack all managers
Marotta included and i believe he is the keystone of our success.
recall when he was hired back on 2019...he said he had beef with spalletti
but he dont like to sack managers during the season. so whether we change owners
or not, marotta shouldnt be touched.
 

satubito

Capitano
Capitano
Joined
Jun 16, 2009
Messages
2,403
Likes
405
Favorite Player
Youth team
10 years of FIF
one of the risks as you mentioned, they will sack all managers
Marotta included and i believe he is the keystone of our success.
recall when he was hired back on 2019...he said he had beef with spalletti
but he dont like to sack managers during the season. so whether we change owners
or not, marotta shouldnt be touched.
This is one of my biggest fears. Marotta goes back to the cheats before he retires and builds them up again in dominating fashion. I don't want new owners coming in and spending big bucks again on players either. Our current formula is working amazingly well.
 

andrei

Capitano
Capitano
Joined
Nov 2, 2011
Messages
1,954
Likes
851
Favorite Player
Ronaldo
10 years of FIF
This is one of my biggest fears. Marotta goes back to the cheats before he retires and builds them up again in dominating fashion. I don't want new owners coming in and spending big bucks again on players either. Our current formula is working amazingly well.

You are not the only one here.
When Marotta renewed until 2027, one of the thing which went through my head was the idea that Suning is in negotiations to sell and want to give Marotta & co some kind of guarantees that they remain here.
It`s not unplausible that a new owner comes with new ideas like "money ball", etc and want new managers with "modern approach" or other retarded shit. Marotta lived that already when Agnelli and his "child" Paratic stabbed him in the back after he build that Juventus from scratch.
 

DARi0

La Grande Inter
La Grande Inter
Joined
Mar 20, 2007
Messages
10,828
Likes
4,932
Favorite Player
Beppe Marotta
10 years of FIF
An unnamed US-based fund has shown an interest. This fund would be willing to refinance Suning’s debt to Oaktree with an interest rate of 15%.
If this is indeed the case, then the Inter owners could spend the next three months sorting out the refinancing.

This would give them enough time to avoid defaulting in May.

And it would mean that, despite years of persistent rumours of a sale, Suning could remain at the helm.
They just keep on rolling
 

Forzanerazzurri

Prima Squadra
Prima Squadra
Joined
Aug 10, 2015
Messages
926
Likes
564
Favorite Player
Real Ronaldo
Its not up to Suning, its up to the fund/market.
I dont see how things works out for Suning or even having the capital to pay this back, other than selling material assets, unless there is something going on in the background but nothing suggest they have recovered from COVID-19 and the Chinese Economy is facing tailwinds.

Any capital fund doesn't lend out 100 million dollars for friendship. They will tell Suning this is the Interest rate or have Suning provide more assets. Either way, Suning knows what they are doing or could be on a downhill slope and Inter becomes a more attractive asset, so they get their price, or they roll snake eyes and lose any sort of reward.

I would not be surprised if Oaktree amended the clause that they (Suning) get anything....
That's not how any of this works.
 

crzdcolombian

La Grande Inter
La Grande Inter
Joined
Aug 2, 2007
Messages
14,536
Likes
2,094
Favorite Player
Cryptozo d King
10 years of FIF
An unnamed US-based fund has shown an interest. This fund would be willing to refinance Suning’s debt to Oaktree with an interest rate of 15%.

They just keep on rolling

my thing is like China or no Chinese investment firms want to help Sunning? That seems like a red flag.

They need to sell part of the club. 15% interest is impossible to get out of when we are talking about the amount of money they are in debt. We would have to have a record breaking sale every season to just cover debt.
 

wera

might be Deadpool
La Grande Inter
Joined
Mar 28, 2011
Messages
33,011
Likes
11,958
Favorite Player
Bea Arthur
10 years of FIF
Most Diverse Poster
I'd rather Suning keep control somehow and we keep going the way we are.
They way we are will implode sooner or later. We could be Serie A's best club for the whole decade, but if we are so financially unstable, we could either fall in more money problems or maybe some other penalty
 

Il Drago

Moderator
Moderator
Joined
Dec 21, 2015
Messages
20,909
Likes
33,010
Favorite Player
Wesley Sneijder
Best Football Poster
Best Overall Poster

Oaktree works to extend Inter Milan financing package as deadline looms, sources say​


MILAN, Feb 20 (Reuters) - Oaktree Capital Management is working to extend a 275 million euro ($298 million) loan to Italy's top flight soccer club Inter Milan before it expires in May, two people familiar with the matter told Reuters.

In 2021 Inter Milan's main investor, Chinese conglomerate Suning (002024.SZ), secured a deal to get a three-year financing package from Oaktree to help Inter Milan weather the coronavirus pandemic storm.

The high-yield loan was guaranteed by Suning's 68.5% stake in Inter Milan, which gives Oaktree the potential right to take control of the club in case of a default, several sources briefed with the matter said at the time.

Oaktree is now working with Suning adviser Goldman Sachs for an extension of the loan, the sources said, without providing further details. They declined to be named as discussions are private.

The terms of the extended loan are expected to be different to the original one, with one of the sources saying the maturity could be shorter.

All involved parties declined to comment or were not immediately available.

Current Serie A leaders Inter Milan recorded an annual 86 million euro loss in the 2022-2023 fiscal year from 140 million euro the year before.
Revenue rose to 415 million euros, helped by the club's performance in the UEFA Champions League last season, when the Milanese club reached the final of the lucrative UEFA competition. Total debts stood at 807 million euros.

Inter attracted interest from potential investors last year but Suning denied at the time that any deal was in the works and nothing materialised.
 

Forzanerazzurri

Prima Squadra
Prima Squadra
Joined
Aug 10, 2015
Messages
926
Likes
564
Favorite Player
Real Ronaldo

Oaktree works to extend Inter Milan financing package as deadline looms, sources say​


MILAN, Feb 20 (Reuters) - Oaktree Capital Management is working to extend a 275 million euro ($298 million) loan to Italy's top flight soccer club Inter Milan before it expires in May, two people familiar with the matter told Reuters.

In 2021 Inter Milan's main investor, Chinese conglomerate Suning (002024.SZ), secured a deal to get a three-year financing package from Oaktree to help Inter Milan weather the coronavirus pandemic storm.

The high-yield loan was guaranteed by Suning's 68.5% stake in Inter Milan, which gives Oaktree the potential right to take control of the club in case of a default, several sources briefed with the matter said at the time.

Oaktree is now working with Suning adviser Goldman Sachs for an extension of the loan, the sources said, without providing further details. They declined to be named as discussions are private.

The terms of the extended loan are expected to be different to the original one, with one of the sources saying the maturity could be shorter.

All involved parties declined to comment or were not immediately available.

Current Serie A leaders Inter Milan recorded an annual 86 million euro loss in the 2022-2023 fiscal year from 140 million euro the year before.
Revenue rose to 415 million euros, helped by the club's performance in the UEFA Champions League last season, when the Milanese club reached the final of the lucrative UEFA competition. Total debts stood at 807 million euros.

Inter attracted interest from potential investors last year but Suning denied at the time that any deal was in the works and nothing materialised.
shocker...
 

disait

Primavera
Primavera
Joined
Nov 5, 2009
Messages
179
Likes
36
Favorite Player
Cambiasso , Sne
We should not be blindsided by the recent succes we have had. If Suning doesn't sell, we're screwed. Especially in the long haul with interest getting even higher and we unable to really pay off the debt...
 

crzdcolombian

La Grande Inter
La Grande Inter
Joined
Aug 2, 2007
Messages
14,536
Likes
2,094
Favorite Player
Cryptozo d King
10 years of FIF
We should not be blindsided by the recent succes we have had. If Suning doesn't sell, we're screwed. Especially in the long haul with interest getting even higher and we unable to really pay off the debt...

Unless an Italian fan buys us it can be an issue. All these super billionaires want EPL where the real money is. Using us to be a Newcastle or some other crap EPL team feeder club is more profitable than us being champion each year.
 

CafeCordoba

Moderator
Moderator
Joined
Mar 7, 2004
Messages
35,552
Likes
15,022
Favorite Player
Toro, Barella
10 years of FIF
There's a good chance the situation is not what it looks like.
 
Top