The Suning Commerce Group

.h.

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I guess that depends. Once Oaktree take over, it is clear that they intend to sell Inter to make money. So there are many hypothetical scenarios on what happens next, including:

1. Best Case Scenario: Oaktree seamlessly take ownership next week, they let Marotta do what Marotta does, & they already have a buyer to sell Inter to. In this case, it may still take 3-9 months to sell Inter, so basically next season will depend upon whether Marotta can improve the squad while making a profit in the mercato, as usual. By next season, we will have a new owner, & its safe to assume they will have more funds than Suning. If they are smart enough to keep Marotta, Inter will be much better off, with more funds for transfers & more sustainable debt structure. The best care scenario is that someone filthy rich like the Saudis have already confirmed interest to Oaktree behind the doors



2. Legal Stalemate: Oaktree take over & Zhang finds ground for a protracted legal battle. This could go many ways, but it could potentially nuke our next season with the transfer market frozen & potential penalties from FIGC

3. Status Quo: Zhang finds an extension from Oaktree, or a loan from PIMCO or elsewhere (though this looks highly unlikely if rumours are to be believed). So Inter continue like the last couple of years. In this scenario, its better for Inter if this results from an extension from Oaktree, as this would surely force a sale of the club within 2 years, so that Oaktree get their percentage of sale proceeds on top of the interest

4. Downsize: Oaktree take over & need time to make the club more sellable to prospective new buyers. This would mean that they will cut the club's wage bill drastically. A bit like what Elliott did at Milan, except that Inter are already at the top so this will make the club less competitive in the short term. This would mean we have to let go of some of our stars on high wages like Lautaro, Barella, Hakan, etc. This could start a banter era despite Marotta's best efforts & it will depend on the new owners whether they can get us out of it

There are other scenarios open too, so this could go any which way. It can become a scary summer for us, possibly our most critical summer ever.

I suspect the most realistic... is Oaktree have a buyer lined up, we are run by Oaktree till the end of the season with agreed plans/strategy with the buyer while all the paperwork goes through (itll take a couple of months just on change of ownership with all the due diligence, etc, for us to be re-sold), and then we aim to start the new season with the new owners. I'd expect probably a lot of continuity of staff at least for the season in that model too

I think your legal stalemate example has some merit but I can't foresee a world where we get penalties etc from FIGC
 
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pier

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I think Zhang may opt for the legal stalemate scenario. We could suffer a few problems from the transfer embargo, but at least we covered the position in need by signing Zielinski and Taremi

He has a "plan"....

Sounds like the same strategy he used to try and buy Manchester United and lure their supporters.

Thohir save us pls
Please don't.
 

Capo

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I have said this for last year over and over again that we were moving to Oaktree!!!

Suning had three options
1. refinance at a higher rate
2. sell
3. pay the loan.

Suning does not have the capital, so option 3 was bullshit.

The writing was on the wall in December 2023, going into the calendar year was high-risk. This was only intensified because Suning was consistently looking to either to Option 1 or 2. Suning preference was Option 1.

Some have said on this very board, "dont believe anything", "the deal would easily get done"
"Why would Suning restructure the loan early", "it is only a matter of time."
"This is not a big deal" "I think i have explained the situation and it looks like it happening exactly how i said it would"

LOL fuck off, Suning couldnt organise a fuck in a brothel. And now they will tarnish a celebration, a second star and campaign dominated by their incompetence.

I was never, and still not advocating for new ownership. I am pissed because this should have been sorted 6 months ago, granted that Suning was only kicking the can down the road for the primary reason to find a buyer but now its time.

Lannisters Suning?? always pay their debts!
 

.h.

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You are the sort of guy who refinances a fixed rate mortgage 6 months early and pays the penalty fee :D
 

Jnr

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Meaning Beppe is tired of Suning too. The man wants to see 100 with 6 ZEROS after on his transfer management account and a free hands to splash this money without any worry whatsoever.

Bento, Bouongiorno, few Milan and Rube targets , because fuck them, we can lol
 

ElDuccio

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Soon i can change my profile picture..finally!
 

Gal

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Man, just because you wrote something down doesn't mean I have to agree with you and it doesn't mean it's the truth. Is the loan not related to the club? It was taken because since the covid era, Zhang is unable to spend a worn penny. That is why we are in the current situation. Suning spent huge sums in the past, I didn't deny it and I won't say a bad word about them, but that was in the past. Their present is worrying because Suning has been losing money for years, the Chinese regime makes it very difficult to take money out of the country and Zhang himself is facing large lawsuits. So how can you ignore all this?

And again, everyone defines something differently, that doesn't mean you're right. I think the owner Sugar Dedi is Moratti, the owner of PSG or Manchester City, but there is a middle ground. The middle is an owner who is not financially limited. that's it.

Still what H say is true, the loan is made by Great Horizon (those mainly Zhang) the Oaktree loan is a problem for the owner and the owner ability to keep the team not for Inter per se.

The problem is that what ever hurts the owner tend to shine back on the company. For a club it gives uncertainty and uncertainty always makes things more difficult and will almost always limits a clubs ability to manoeuvre, additional here it means we can end in the hands on another company who fundamentally doesn’t want to run a club and who is very unlikely to inject funds into it.

So When we talk about it as a problem it’s because it limits us and make things uncertain and uncertainty is instability, that instability will make it more difficult in for example attracting sponsors, especially the lucrative reliable kind etc.

The problem with Inter and why the ownership and their debt is a problem all fall back on the club not being self sustainable because the club fundamentally spend more then it earns. If that was not the reality all the issues with Zhang and Great Horizons would be largely irrelevant.

I do not like sugar daddies (don’t really matter if the funds comes from own resources or loans) what needs to be dealt with is lack of revenue, we need to improve revenue so we are not that dependent on a owner.

The reason why you want a owner with cash around to spend is not because they can act as sugar daddies, but because they have resources available to invest, take the risks and change the club into what it is currently not a healthy business
 

brehme1989

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Not Great Horizons

Suning
Zhang
 

.h.

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the grand tower point is correct, but fairly academic. Its a subsidiary of Great Horizons, so it all rolls up into the same reporting structure

Suning the retailer has 0 to do with Inter, aside from having an owner in common. Inter has no ownership line that is held by the retail company in China
 

brehme1989

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the grand tower point is correct, but fairly academic. Its a subsidiary of Great Horizons, so it all rolls up into the same reporting structure

Suning the retailer has 0 to do with Inter, aside from having an owner in common. Inter has no ownership line that is held by the retail company in China
Nobody cares about the retail company...

Great Horizons is out of the picture.
Grand Tower took over.

Those companies OWN the Zhang entity (100% shareholder iirc) called Suning which is the major shareholder of Inter.
 

.h.

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Nobody cares about the retail company...

Great Horizons is out of the picture.
Grand Tower took over.

Those companies OWN the Zhang entity (100% shareholder iirc) called Suning which is the major shareholder of Inter.

tbh, our corporate structure is a bit obscured now and wikipedia is out of date

from this post:


I read that Inter group is owned by Grand Tower, with is owned by Grand Sunshine, which is then owned by Great Horizons, which historically was then owned by Suning Sports, which is owned by 'Suning Holdings', which is owned by Zhang
 

.h.

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As explained by Il Giornale—via l’Interista—Suning would not lose Inter’s control for nothing. In fact, in order to take over, Oaktree must pay the difference between the club’s market value and the sum Zhang was unable to repay. This means Oaktree will have to pay circa €500m to take control of Inter if the club’s transfer value is estimated at around €900m.



Press seem pretty adamant about this. Doesnt really make sense to me but everyone is claiming it.
 

Gal

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If true Zhang did his homework, that’s very smart to say the least… if true It means Oaktree have a buyer willing to pay above the €900m otherwise it makes really no sense
 

.h.

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If true Zhang did his homework, that’s very smart to say the least… if true It means Oaktree have a buyer willing to pay above the €900m otherwise it makes really no sense
The market value definition is the sort of thing bluenine highlights as a multi year court battle tbh. I don't know how one could arrive at fair value and it would be contentious either way, anything Oak tree sell inter for you could instantly sue as being too cheap.
 

Gal

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The market value definition is the sort of thing bluenine highlights as a multi year court battle tbh. I don't know how one could arrive at fair value and it would be contentious either way, anything Oak tree sell inter for you could instantly sue as being too cheap.
They can sue each other for all I care just Inter change hands and get a new owner that is neither of them.
 
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