The Suning Commerce Group

Forzanerazzurri

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Suning cant just go to any fund and determine the terms.

They're not in a position to do so, but enlighten me on how it works?
I've stated how it works several times in this thread, and it looks like it's going exactly like that.
 

Anne Marie

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With higher interest rates, I wonder what is the economic benefits for Sunning? At this point, I assume it's either political purpose (keeping an asset outside CCP's influence), shadow transactions (money laundering), or personal egoism (Zhang's status as a big club president). I do not think our owner loves Inter that much.
 

Forzanerazzurri

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With higher interest rates, I wonder what is the economic benefits for Sunning? At this point, I assume it's either political purpose (keeping an asset outside CCP's influence), shadow transactions (money laundering), or personal egoism (Zhang's status as a big club president). I do not think our owner loves Inter that much.
All of that. And leverage is useful too if you can get a better return from the cash elsewhere (which has been debatable for them lately).
 

Darth_Ausilio

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With higher interest rates, I wonder what is the economic benefits for Sunning? At this point, I assume it's either political purpose (keeping an asset outside CCP's influence), shadow transactions (money laundering), or personal egoism (Zhang's status as a big club president). I do not think our owner loves Inter that much.

I assure you, Steven dreams only of the second star.
 

.h.

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With higher interest rates, I wonder what is the economic benefits for Sunning? At this point, I assume it's either political purpose (keeping an asset outside CCP's influence), shadow transactions (money laundering), or personal egoism (Zhang's status as a big club president). I do not think our owner loves Inter that much.
Isn't it kinda obvious? The main family business has gone to ass and they no longer hold as significant a shareholding as they used to

This is more about pride and reputation, it's their chance to be in the big leagues. And to be fair, we are actually doing really well.

I suspect a part of it will be keeping at least some asset outside of China, too, but there will be a large bit of pride.
 

Capo

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I've stated how it works several times in this thread, and it looks like it's going exactly like that.
How?

There is no evidence to suggest that.

Suning have tried six months to find alternative fund by asking Goldman Sachs to find such a deal. And I guess after six months, they haven't found such a fund, probably because they're fucked. Suning/Goldman Sachs is now asking to extend with Oaktree.

Suning doesn't have any leverage here. Your post seems to indicate otherwise, that Suning has complete control of their destiny when they don't. The company is in financial trouble.

How much trouble we will see closer to May. I would be very curious what the interest is on that $385 Million, and if they strike a deal what it is then. Oaktree will bleed Suning dry and as they should.
 

Forzanerazzurri

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How?

There is no evidence to suggest that.

Suning have tried six months to find alternative fund by asking Goldman Sachs to find such a deal. And I guess after six months, they haven't found such a fund, probably because they're fucked. Suning/Goldman Sachs is now asking to extend with Oaktree.

Suning doesn't have any leverage here. Your post seems to indicate otherwise, that Suning has complete control of their destiny when they don't. The company is in financial trouble.

How much trouble we will see closer to May. I would be very curious what the interest is on that $385 Million, and if they strike a deal what it is then. Oaktree will bleed Suning dry and as they should.
Honestly, I'm tired of explaining this. Sorry.
 

CafeCordoba

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How?

There is no evidence to suggest that.

Suning have tried six months to find alternative fund by asking Goldman Sachs to find such a deal. And I guess after six months, they haven't found such a fund, probably because they're fucked. Suning/Goldman Sachs is now asking to extend with Oaktree.

Suning doesn't have any leverage here. Your post seems to indicate otherwise, that Suning has complete control of their destiny when they don't. The company is in financial trouble.

How much trouble we will see closer to May. I would be very curious what the interest is on that $385 Million, and if they strike a deal what it is then. Oaktree will bleed Suning dry and as they should.
Oaktree has to pay the difference between what Suning owes them and what's the fair value of Inter (evaluated by 3rd party) if they want the Inter shares.

They don't want those shares, they rather want to either continue milking Suning or get rid of Inter completely. This is why the whole thing keeps going on.

They need to give in something too, they cannot just say 25% interest or we take the club because it's gonna cost them to take the club.
 

.h.

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I very much doubt he was ever a serious buyer anyway, to be honest

And pulling out because of like, 25 mil misstated revenues from 2016? that's an excuse, not a reason.
 

CafeCordoba

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What I understood from this is because there's an international arrest warrant (Interpol red notice system being used), he's pulling out. Which is quite understandable and not an "excuse".

He was a serious buyer, he had collected the investor money for it.
 

Il Drago

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Had he really? I have my doubts. Sadly we will never find out.
 
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wera

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Maybe better that it isn't him that buys us
 

CafeCordoba

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It's Corriere dello Sport, so at least I'm waiting for other sources.
 

William

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Maybe this will spur a quick sale finally…
 
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