The Suning Commerce Group

[Adriano@10]

TBH, I think you're kidding yourself if you think Inter is on the radar for Suning in general, considering the problems they're going through right now. We're an after-thought, which is probably by Steven can still be so involved - no transformation director, new CEO, etc, of Suning is going to give two shits about Inter, and that's especially true of CCP/etc.

So your telling me a company that is valued at +/-3.2bio and is financially struggling does not have a 1 bio asset of theirs on their mind?
I know not top priority but if the sale of inter has not come up at suning their blatantly incompetent...

Also my post was not about wether or not suning cares my post was about whos calling the shots and pointing out thats it s probably not the zhangs since we re owned by suning and the zhangs are not the biggest shareholder of suning any more....

 

[.h.]

TBH, considering if they can turn a profit, their share price can probably soar back to 10 - e.g. like 10+ billion, Inter's position is probably not really a focus area right now.


If they dont fix shit, the 1 billion of Inter means nothing in the long term - if they do fix it, then also, Inter's 1 billion means nothing.

Right now all efforts will be focusing on the core business. If they end up in a position where the core business would be healthy if they had an extra 1 billion, then have no doubt Inter will be sold, but right now we're a drop of water - whether its a drop of water in an ocean or a desert, we dont know yet

For time being, Zhang remains chairman of the board


BTW - I did some quick checkinig, nothing too solid, but Inter is owned by:

Suning Holdings Group

Suning Holdings Group is 100% owned by Zhang, and its the holding vehicle for his ownership of Suning.com. We are NOT owned by the brandname Suning retailer as you would know it in China. To me, we're still owned 100% by Zhang, and we have nothing to do with Suning.com. An Inter sale has nothing to do with the Suning retailer balance sheet, except it allows Suning Holdings Group to have some cash to then invest/buy more shares/etc in Suning.com


Interesting, that's a key difference between us and Jiangsu - Jiangsu was owned by Suning Applicances, which (I think) is a part of the retail congolomerate.

 

[Capo]

Have you never played Lawn/Indoor Bowls?

Riveting stuff

Lawn bowls and cheap pots, the dream retirement.

As for Suning, get the fuck out. This is getting stupid selling our talent and hoping the "potential" targets come good to have it happen all again.....

I want that Arab money, and to be fair I hope Milan get it too. Serie A cant be healthy unless Inter, Milan and Juve are all strong financially fighting for Serie A and Champions league. Otherwise, the EPL will naturally become the super league, if they are not already.

 

[CafeCordoba]

Fuck Arab money. There is enough of that (too much) in the football world already.

 

[Il Drago]

TBH, considering if they can turn a profit, their share price can probably soar back to 10 - e.g. like 10+ billion, Inter's position is probably not really a focus area right now.


If they dont fix shit, the 1 billion of Inter means nothing in the long term - if they do fix it, then also, Inter's 1 billion means nothing.

Right now all efforts will be focusing on the core business. If they end up in a position where the core business would be healthy if they had an extra 1 billion, then have no doubt Inter will be sold, but right now we're a drop of water - whether its a drop of water in an ocean or a desert, we dont know yet

For time being, Zhang remains chairman of the board


BTW - I did some quick checkinig, nothing too solid, but Inter is owned by:

Suning Holdings Group

Suning Holdings Group is 100% owned by Zhang, and its the holding vehicle for his ownership of Suning.com. We are NOT owned by the brandname Suning retailer as you would know it in China. To me, we're still owned 100% by Zhang, and we have nothing to do with Suning.com. An Inter sale has nothing to do with the Suning retailer balance sheet, except it allows Suning Holdings Group to have some cash to then invest/buy more shares/etc in Suning.com


Interesting, that's a key difference between us and Jiangsu - Jiangsu was owned by Suning Applicances, which (I think) is a part of the retail congolomerate.

Another key difference between the two clubs is the difference in value. Jiangsu was available for one penny if someone was willing to take the debt while they have set the price of Inter at 1 billion. No one showed the slightest interest in Jiangsu and that's why it was dissolved in the end. It's never gonna happen with Inter.

So your telling me a company that is valued at +/-3.2bio and is financially struggling does not have a 1 bio asset of theirs on their mind?
I know not top priority but if the sale of inter has not come up at suning their blatantly incompetent...

Also my post was not about wether or not suning cares my post was about whos calling the shots and pointing out thats it s probably not the zhangs since we re owned by suning and the zhangs are not the biggest shareholder of suning any more....

I hear you but as a fan it is of little interest whether the problem is Suning themselves or CCP. I am not interested in politics. I only care about Inter. The club is piling in debt, owners can't invest anymore for whatever reasons while the club is selling their best players every summer. This thing isn't sustainable. They just buy time till they figure out what they want to do with the club. But Inter can't go on like this. Inter can't wait till Suning fix their problems in China. The more they stay the more damage they do to the club.

 

[Corrode]

but numerous arab money (net worth $10 bio USD above) would really useful in this capitalism world, of course funding from most wealthy group always get more priority in finance over funding from nearly bankrupted group.

 

[.h.]

100% Drago - I've said that a few times, if you wanted a Chinese football club, you'd literally be better off starting one from scratch than inheriting the Jiangsu debt. My point was just that (at least, I didnt know) the unknown part of the ownership. Up until now I had assumed we were owned by Suning as a Suning Retail asset. We're not. We're owned by a company that is coincidentally called Suning Holdings, but is 100% owned by Zhang - e.g. Inter is 100% Zhang owned and completely unrelated to their Suning ownership aside from being owned by the same holding vehicle. In contrast to Jiangsu which was owned by Suning retail

 

[CafeCordoba]

Another key difference between the two clubs is the difference in value. Jiangsu was available for one penny if someone was willing to take the debt while they have set the price of Inter at 1 billion. No one showed the slightest interest in Jiangsu and that's why it was dissolved in the end. It's never gonna happen with Inter.

I hear you but as a fan it is of little interest whether the problem is Suning themselves or CCP. I am not interested in politics. I only care about Inter. The club is piling in debt, owners can't invest anymore for whatever reasons while the club is selling their best players every summer. This thing isn't sustainable. They just buy time till they figure out what they want to do with the club. But Inter can't go on like this. Inter can't wait till Suning fix their problems in China. The more they stay the more damage they do to the club.

But this "I'm just a fan, not interested in politics" doesn't work too well in this world, unfortunately. Of course one can go with that route, but there are lots of unpleasant and surprising stuff in that route then. I mean if one wants to just ignore ownership things and every related to that.

 

[Il Drago]

It's not about ignoring that stuff Cafe. It's about not making any difference in the end.

 

[Stefan]

But this "I'm just a fan, not interested in politics" doesn't work too well in this world, unfortunately. Of course one can go with that route, but there are lots of unpleasant and surprising stuff in that route then. I mean if one wants to just ignore ownership things and every related to that.

It gets extremely complicated when having to pick between a dictator with an evil background as owner or losing your best players each summer.

 

[CafeCordoba]

Yeah. Tho it's not difficult choice for me.

After all, this rise of Inter with its expensive acquisitions is thanks to Zhang investments and while it would feel so bad to lose it, I'd rather see that and eventually new, somewhat respectable owners than a sportswashing project of some Arab instance.

 

[.h.]

I'd also like to see us move towards being a sustainable club. That's not to say we don't get new owners who invest heavily, but rather than just providing a blank cheque and swallowing the losses like Moratti did, id like to see the investment AND a rejuvenation of commercial etc

 

[Il Drago]

I'd also like to see us move towards being a sustainable club. That's not to say we don't get new owners who invest heavily, but rather than just providing a blank cheque and swallowing the losses like Moratti did, id like to see the investment AND a rejuvenation of commercial etc

Basically what we had with Suning till 2019.

 

[Adriano@10]

TBH, considering if they can turn a profit, their share price can probably soar back to 10 - e.g. like 10+ billion, Inter's position is probably not really a focus area right now.


If they dont fix shit, the 1 billion of Inter means nothing in the long term - if they do fix it, then also, Inter's 1 billion means nothing.

Right now all efforts will be focusing on the core business. If they end up in a position where the core business would be healthy if they had an extra 1 billion, then have no doubt Inter will be sold, but right now we're a drop of water - whether its a drop of water in an ocean or a desert, we dont know yet

For time being, Zhang remains chairman of the board


BTW - I did some quick checkinig, nothing too solid, but Inter is owned by:

Suning Holdings Group

Suning Holdings Group is 100% owned by Zhang, and its the holding vehicle for his ownership of Suning.com. We are NOT owned by the brandname Suning retailer as you would know it in China. To me, we're still owned 100% by Zhang, and we have nothing to do with Suning.com. An Inter sale has nothing to do with the Suning retailer balance sheet, except it allows Suning Holdings Group to have some cash to then invest/buy more shares/etc in Suning.com


Interesting, that's a key difference between us and Jiangsu - Jiangsu was owned by Suning Applicances, which (I think) is a part of the retail congolomerate.

Yeah my bad assumed that we were held through suning directly or atleast semi directly... That being said ownership is still not 100% clear as in there are reports of suning appliances owning 10% of suning holdings( i know not really important) also while jiangsu suning was bought and according to all records owned directly by suning appliances. But it then was Suning holding that announced that operation at jianagsu would cease... This might all just be translation errors but it might as well be that changes to ownership were made in china and just never properly disclosed in any written form in english.

 

[.h.]

TBH I think everyone assumed it - myself included.

 

[brehme1989]

TBH I think everyone assumed it - myself included.

But it's the same thing. It has no meaning other than a technicality to be able to own Inter.

They don't play with the same rules, there's no such thing as "Suning's debt is not relevant to Inter". It definitely is.

 

[Adriano@10]

But it's the same thing. It has no meaning other than a technicality to be able to own Inter.

They don't play with the same rules, there's no such thing as "Suning's debt is not relevant to Inter". It definitely is.

True that, but i do think it leaves the zhangs a bit more wiggle room.
Again I m still baffled Zhang was forced to sell a part of his Suning shares in order to help bail out Evergrande, which is also why he s not the biggest shareholder of suning any more and that in that deal Inter got not touched. Not sure if it was a concious decision by zhang to rather keep the "Inter" holdings than his investment in suning.

Anyways i guess at the end of the day we re at the mercy of the CCP and honestly i dont think they have made up their minds yet otherwise we would be sold already.

 

[brehme1989]

True that, but i do think it leaves the zhangs a bit more wiggle room.
Again I m still baffled Zhang was forced to sell a part of his Suning shares in order to help bail out Evergrande, which is also why he s not the biggest shareholder of suning any more and that in that deal Inter got not touched. Not sure if it was a concious decision by zhang to rather keep the "Inter" holdings than his investment in suning.

Anyways i guess at the end of the day we re at the mercy of the CCP and honestly i dont think they have made up their minds yet otherwise we would be sold already.

Everything belongs to the CCP. The names are there just to put their signatures. Stop thinking the way you're thinking when it comes to Chinese enterprises.

 

[.h.]

well, there is a big difference - if Suning goes bust, Inter arent a part of the assets on their balance sheet. Yes, I agree, theres a pretty good chance we'd be told to get sold to inject some cash back into the Suning balance sheet, but the line of ownership *is* still important

 

[brehme1989]

well, there is a big difference - if Suning goes bust, Inter arent a part of the assets on their balance sheet. Yes, I agree, theres a pretty good chance we'd be told to get sold to inject some cash back into the Suning balance sheet, but the line of ownership *is* still important

You're thinking the wrong way.

Suning does not go bust before Inter under Zhang goes bust.

With that in mind, make up your thoughts again.