The Suning Commerce Group

[Candreva Crosses]

I will not watch anymore until the club is sold if that happens.

 

[bubba zanetti]

Nothing new with Saudis..Fuck.

 

[ElDuccio]

Enzo Bucchioni from TMW says that PIF will buy Inter, probably before new year.

 

[bubba zanetti]

There have been rumours that Saudi Public Investment Fund (PIF) is interested in buying Inter, but Marotta insists the Zhang family have a long-term project for the club.

“They invested almost €1 billion in five years, and that’s not ethically sustainable. Now, we are out of the tunnel, there is stability. Zhang has passion, he’s confirmed multiple times his long-term commitment to Inter."

Oh well, fuck Zhang and his commitment.

 

[Harpsabu]

There have been rumours that Saudi Public Investment Fund (PIF) is interested in buying Inter, but Marotta insists the Zhang family have a long-term project for the club.

“They invested almost €1 billion in five years, and that’s not ethically sustainable. Now, we are out of the tunnel, there is stability. Zhang has passion, he’s confirmed multiple times his long-term commitment to Inter."

Oh well, fuck Zhang and his commitment.

Negotiation tactic. Zhang is still beppes boss.

I really don't think I want pif here. I want rich owners who aren't going to go bankrupt, but their human rights records are abysmal. Really conflicting.

 

[bubba zanetti]

Chinese are same level. I rather want rich than poor monsters.

 

[CafeCordoba]

Chinese are same level. I rather want rich than poor monsters.

China is as big problem but I don't consider Zhangs exactly the same as PIF. CCP's intention MIGHT be in the long run the same, polishing China image in Europe by having their billionaires own football clubs in Europe, but IMO Zhang coming in back in 2016 wasn't the same thing. I can guess their intention was purely their own agenda, to hit to the European markets.

 

[brehme1989]

China is as big problem but I don't consider Zhangs exactly the same as PIF. CCP's intention MIGHT be in the long run the same, polishing China image in Europe by having their billionaires own football clubs in Europe, but IMO Zhang coming in back in 2016 wasn't the same thing. I can guess their intention was purely their own agenda, to hit to the European markets.

Their intention is what the CCP decides the agenda is.

I'm gonna have to go geopolitical here, but the gist of it is that the European market was under complete US influence ever since the fall of the Soviet Union, then Germany recovered in the 2000s and removed US hegemony over Europe, but it was still a battlefield between the recovered EU, the return of Russia, the USA and then China wanted a slice of that after the 2008-2009-2011-present [depends where you are] economic crisis.

Having a stake in Europe pretty much is what dictates who "runs" the world, with everything else being secondary.


Suning doesn't care if they sell fridges and washing machines in Italy, Spain, Germany or Ireland. They know it's irrelevant as the market size is too small for them to consider it. They're here because they were ordered to gain a foothold in Europe and Inter was one of the top clubs for sale, they gave little Xincheng an Inter jersey and then paraded how they've always loved the club. Could have been the case as we have lots of Chinese fans, but it's not really relevant.
Before Suning, some other Chinese company was used to gain access at Inter, and we even got to wear red jerseys for that failed experiment.

From a strategic and business perspective, a Chinese company entering the European market is usually a suicidal situation, there's limited room for growth, the market is saturated as it is, unless this is some niche technology, and even so, Europeans will never consider Chinese products as superior until the Americans do so. And the Americans won't, not the way China handled this aggressive expansion. (This is what happened with the Japanese products in the 70s through the 90s and now Japan is considered a producer of great quality)

Chinese driven investments in football included:
- Inter (top club)
- Atletico Madrid (big club with recent success)
- Valencia (big club, lots of fans, good potential to be the 4th side of Spain)
- Espanyol (local rival to Barcelona, big exposure)
- Slavia Prague (important hub that connects Eastern and Central Europe, lots of American funds operate there for 15+ years)
- Wolves (PL club, with a collaboration with a so called super agent)
- Various English clubs across the top 3 tiers (popular league, hopes of making it to PL, as not that many existing PL clubs were up for sale, such as WBA, Reading, Southampton, Barnsley, Birmingham etc)
- Lyon, Auxerre and Sochaux in France. Rather strategic choices.
- Pretty sure there are several other clubs all over Europe with Chinese owners or investors over the last 6-7 years

The only one that was irrelevant to what the CCP wanted was that Milan crook.

The key goal was to gain knowledge on how Europe operates. Their main goal through football was to host the World Cup eventually and use owning a bunch of clubs as an argument in favor. Don't see this as an option. And they don't care about the football, the communities, the results. They only care about fulfilling the CCP agenda. If they don't comply in a timely fashion, they're going to be hunted by the government. Just like Jack Ma was, just like Zhang himself was, and how the Evergrande situation is developing.




The Arabs on the other hand just want to show off their money. And they want the results to reflect their expenditure.

 

[brightbackground]

Marotta's words leave little doubt: We are fucked. Come June, we'll lose Brozovic for free and sell Skriniar and Lautaro. Next June, we'll lose De Vrij for free and sell Bastoni and Barella. Only then, when we're worth peanuts, will Suning be content to let ownership of Inter go to Oaktree, which will manage us as a vulture fund does: buy cheap young players and sell them as soon as they increase their value. In short, we'll become a midtable team. Yes sir, the future is grim.

 

[Javier'sSon]

@brehme how does owning European clubs help in hosting a WC?

 

[brehme1989]

@brehme how does owning European clubs help in hosting a WC?

They have a weak league, they are rather secluded from the rest of the world due to their policies, so it kinda shows that they are interested in football regardless of all that and puts them in a position to network with other confederations. And that they can afford it.

At least in theory.

 

[Devious]

Time to go Suning, we Arabs know how to deal with this shit, we invented bribery and we know how to rule a corrupt system with money, this is how we breath mate it’s in our blood.

Please pack your pussy ass idiolistic bs and go, in the country of Mafia you won’t survive long.

The Shiekh will bring all of Italy down to his feet, these refs will be loaded with rolex and Mercedes enough to just give us the championship on a silver plater every year.

Just thank you but time to go, let real men take the helm in the country of corruption.

 

[forzainter257]

Lmao

 

[TheNetworkZ]

I read Devs post and all I could think of is Arabic businessmen who try to pull you into a sale by calling you "my friend"

 

[Il Drago]

Marotta talked about the ownership situation before the derby last night:

“I am not a shareholder, but in the past few days I have spoken with the President and he has given reassurances on his continuing on.”

“There is absolutely nothing concrete to do with that fund, as far as the question of ownership. I limit myself to managing the club with my colleagues, we try to do it in the best way.”

 

[bubba zanetti]

Thats not a good news.

 

[bubba zanetti]

Where is PIF?We want PIF for FIF!

 

[Il Drago]

Oaktree Representatives In Milan As Suning Planning For Long-Term Ownership Of Inter, Italian Media Report​

Representatives of US fund Oaktree Capital have been in Milan visiting and observing the club, as they look to see how the club is being run after giving a substantial loan to owners Suning earlier in the year.

This according to today’s print edition of Milan-based newspaper Gazzetta dello Sport, who reports that the representatives are in Milan at the invitation of the club.

The directors from the London office of Oaktree are not in Milan for primarily business reasons, but have attended the Nerazzurri’s clash with Juventus at the San Siro over the weekend in addition to observing the training ground yesterday as the team prepared for this evening’s clash with Empoli.

So far, €80 million of the €275 loan to Suning from the fund has been invested by the owners into the Nerazzurri, while the rest is yet to be put into the club.

Nerazzurri President Steven Zhang is not currently in Milan but will attend tomorrow’s shareholders meeting where the club are expected to approve financial reports for the year which include €246 million losses.

The current owners remain committed to the club despite the financial difficulties that are ongoing, and they look to be aiming to continue working with Oaktree as they move forward with the intention of continued long-term ownership of Inter.

 

[Harpsabu]

246m of losses?? Does that include our sales of lukaku and hakimi??

 

[Materazzi_23]

Maybe because both transfers happened after 30th of June?