The Suning Commerce Group

[Jnr]

Yeah but this does not affect us at all..

Dont they get a controlling stake and thus have the final say on all of contracts, Inzaghi , Lautaro , Barella, the cooking lady?

 

[.h.]

Dont they get a controlling stake and thus have the final say on all of contracts, Inzaghi , Lautaro , Barella, the cooking lady?

Iirc the rumour was they'd effectively get pro rated ownership based on the valuation of Inter rather than a full default of ownership

Even if so, it shouldn't make too much short term difference. Inter is worth more as a package than stripping it and selling it, esp as we would have been very close to profitable last year without the debt/bonds. If this is what really happens id expect maybe like Elliott they take charge for a season but there's no major shifts and then we get sold off in a year. Potentially faster they may already have buyers lined up.

 

[Pimpin]

Iirc the rumour was they'd effectively get pro rated ownership based on the valuation of Inter rather than a full default of ownership

Even if so, it shouldn't make too much short term difference. Inter is worth more as a package than stripping it and selling it, esp as we would have been very close to profitable last year without the debt/bonds. If this is what really happens id expect maybe like Elliott they take charge for a season but there's no major shifts and then we get sold off in a year. Potentially faster they may already have buyers lined up.

Dont they get a controlling stake and thus have the final say on all of contracts, Inzaghi , Lautaro , Barella, the cooking lady?

Yes but that means creditors would be new owners with 400m less debt.. this woudlnt change anything.

And we wouldn't go on a selling spree.. for same reason why almost 0 defaults don't end in fire sale.

 

[satubito]

Suning will probably get a year loan and have to sell the club in 12 months.

 

[CafeCordoba]

The change of ownership would trigger the Inter's 400m debt to be repaid immediately so there's that. That's around 30m interests to be paid every year.

And please, do not confuse these 400m debt to the Oaktree loan. Completely different things.

 

[Puma]

Stevie, are you by any chance shitting your pants yet?

 

[IL Fenomeno]

Stevie, are you any chance shitting your pants yet?

Wouldnt it be pretty bad for us if Oaktree is overtaking us? They would need to pay Suning a fair valuation tho

 

[Puma]

Wouldnt it be pretty bad for us if Oaktree is overtaking us? They would need to pay Suning a fair valuation tho

It would be terrible for us and the current resounding silence feels ominous.

 

[vex]

I think that silence is what's driving journalists to these conclusions, same as rumors about players contract negotiations, lautaro apparently wanting 10 mil etc... All connected with zhang not securing the deal yet, and imo all filler stuff to fill in that silence. Last night the news was it may be some problems with zhang getting the loan, this morning they are again saying there is confidence the deal will be done.

What I suspect is happening is that these journalists, vultures personified, are just fishing for news, meaning they probably put false information out there like the last night that deal is in jeopardy and then wait for the signals from inter.

 

[CafeCordoba]

I think that silence is what's driving journalists to these conclusions, same as rumors about players contract negotiations, lautaro apparently wanting 10 mil etc... All connected with zhang not securing the deal yet, and imo all filler stuff to fill in that silence. Last night the news was it may be some problems with zhang getting the loan, this morning they are again saying there is confidence the deal will be done.

What I suspect is happening is that these journalists, vultures personified, are just fishing for news, meaning they probably put false information out there like the last night that deal is in jeopardy and then wait for the signals from inter.

So much this.

When there is no news for the journalists for this matter, they are obliged to still write something so they write something which might sound reasonably believable.

 

[Il Drago]

Oaktree loan expires on May 20th so either way we're gonna find out soon. Just few more days patience.

 

[Adriano@10]

The change of ownership would trigger the Inter's 400m debt to be repaid immediately so there's that. That's around 30m interests to be paid every year.

And please, do not confuse these 400m debt to the Oaktree loan. Completely different things.

? Are you talking about the bonds? I highly doubt they become callable or are called automatic if inter changes ownership....

Also for the 100th time oaktree most likely wont own inter but they ll have a buyer lined up and sell to him pretty much right after takeover...

Also have not paid atention to this in some time why the fuck did the pimco deal fall through?

 

[Puma]

There are rumours it has fallen through. But it has not been confirmed yet.

 

[William]

There are rumours it has fallen through. But it has not been confirmed yet.

We can only dream that it has…

Someone will buy us with money from the loan shark and we’ll be hopefully done with this constant debt riding shit.

 

[Dave54]

#Inter has interest from a Saudi Arabian fund: a member of the Al-Saud royal family, led by Crown Prince and Prime minister of Saudi Arabia, Mohammed bin Salman Al Saud.

[via @Gazzetta_it]

 

[Dave54]

I hope they will buy Inter. Tired of this Chinese shit.

 

[Jnr]

Oaktree is trying to sabotage the PIMCO loan 4 days before the dealine. I guess they realized this club is worth a whole lotta more than that Suning loan.

What a drama we`re having this very late. We are getting our scudetto trophy and 24hrs later the ownership might change.

 

[CafeCordoba]

? Are you talking about the bonds? I highly doubt they become callable or are called automatic if inter changes ownership....

Also for the 100th time oaktree most likely wont own inter but they ll have a buyer lined up and sell to him pretty much right after takeover...

Also have not paid atention to this in some time why the fuck did the pimco deal fall through?

Yes I'm talking about that and I've read it's repaid in case of ownership change.

PIMCO deal hasn't fall through. It hasn't been signed yet but reporters need to write something so only thing they can write to make it interesting or sensational is that it might fall through (because it hasn't been signed yet )

At this point I'm definitely rather continue with Zhangs as we know what we're getting. With possible new ownership, it could take months before a sale is and proper decision-making machine is working. Let Zhang cook the sale with better time, maybe with a stadium project signed.

 

[Dave54]

Yes I'm talking about that and I've read it's repaid in case of ownership change.

PIMCO deal hasn't fall through. It hasn't been signed yet but reporters need to write something so only thing they can write to make it interesting or sensational is that it might fall through (because it hasn't been signed yet )

At this point I'm definitely rather continue with Zhangs as we know what we're getting. With possible new ownership, it could take months before a sale is and proper decision-making machine is working. Let Zhang cook the sale with better time, maybe with a stadium project signed.

But if the loan does not happen in 4 days. Zhang would lose the ownership and Oaktree would take over?

 

[Dave54]

#Inter is in ‘very tough negotiations’ with PIMCO, and Oaktree is preparing to take over the club if necessary.

Negotiations between Suning and PIMCO are underway, but could still result in nothing. Oaktree is preparing to take control of the club and has already begun the necessary procedures to seize the club shares. The situation remains ‘fluid’.

In the last hours, optimism for Suning to reach an agreement with PIMCO has filtered through, but time is running out and there are still issues to solve- the more time passes, the more Suning’s negotiating margin is reduced.

If the situation is not solved in the next days, #Inter’s transfer to Oaktree will be nearly automatic- the preparatory procedures already underway.

To take over #Inter, Oaktree will only be required to pay Suning the difference between the market value of #Inter and the debt the club owes.

[via @Corriere]