Erick Thohir

[Demokritos]

Surely he doesn't hope to get 200M for remaining 30% after selling 70% at 270M. He is probably aiming in the range of 100M. Anyway, we shouldn't offer him more. Let him rot in hell.

Guess 42M Suning offers should have considered the debt inter owed. 30% of the debt is a significant number.

 

[JJM]

Thohir explains: "With Suning everything is fine, the relationship is calm, Inter, I'm optimistic for the Champions League"

watch us end 5th now...the jinx with this guy is real...okerface:

 

[Il Drago]

Hopefully he'll do the same with his Inter shares.

D.C. United majority owner Erick Thohir agrees to sell stake in club

Erick Thohir has agreed to sell his majority stake in D.C. United to partner Jason Levien, who, in turn, has begun assembling a group to invest in the MLS organization, sources said Monday night.

Thohir, an Indonesian businessman who has been United’s general partner since July 2012, owns 78 percent of the team’s operating rights. However, he has been seeking to divest for more than a year.

Bloomberg reported that billionaire Patrick Soon-Shiong — a transplant surgeon turned entrepreneur and philanthropist who in February purchased the Los Angeles Times — is buying into Levien’s group. A source close to the talks said that, while Levien and Soon-Shiong have been in regular contact, the new group is likely to have several investors and might still include Thohir.

https://www.washingtonpost.com/news/soccer-insider/wp/2018/04/10/d-c-united-majority-owner-erick-thohir-agrees-to-sell-stake-in-club/?noredirect=on&utm_term=.9db0180628be

 

[Il Drago]

Thohir: Inter want CL semis
By Football Italia staff

Inter President Erick Thohir claims ‘now we want the Champions League semi-finals’ after singling out the club’s ‘220m fans in China’.

Inter ended a seven-year absence from the Champions League on Sunday as they pulled off a dramatic 3-2 victory over Lazio, and Thohir wasted no time in setting the bar high.

“The objective was to return to the Champions League within five years and we’ve succeeded in doing so,” he told republika.co.id.

“Now we want the semi-finals and to reach it, we’ll stick with Luciano Spalletti. We’ll try to satisfy his needs and keep the players that are necessary for him.

“We’ll strengthen by adding players and, of course, investing in the club. Inter’s success is to have players, coaches and executives who share the same vision and collaborate together.

“Thanks to Inter’s 220m fans in China, we’re working with Suning. Inter’s revenues are constantly growing and we’ve hit €220m.

“After entering the Champions League, that figure will certainly exceed €300m.”

 

[JJM]

this guy...this fucking guy...WHY IS THIS CLOWN STILL INTER PRESIDENT?! WHY?

 

[CafeCordoba]

Jesus christ, just stop this guy to talk to anything related to Inter.

 

[Kakaroto]

Shut your fat mouth. Please make Steven Zhang presidente ASAP.

 

[Guz]

How is it that Suning is the one pumping all the money into the club but somehow his share never seems to dilute? I don't get it.

 

[Ed.]

How is it that Suning is the one pumping all the money into the club but somehow his share never seems to dilute? I don't get it.

Suning pumps money through sponsorship.

 

[RichDAS]

Fuck this fat peice of shit. If it wasn't for Suning we'd be no where. The fat president who hardly ever turns up to Inter's games. You'd better spend you fat fuck! And not on burgers!

 

[TheNetworkZ]

Fuck this fat peice of shit. If it wasn't for Suning we'd be no where. The fat president who hardly ever turns up to Inter's games. You'd better spend you fat fuck! And not on burgers!

Well if it wasn't for Thohir Suning wouldn't even be here

lol

 

[RichDAS]

I'm pretty sure Inter already had interest from China before Thohir took over the club mate.

 

[brehme1989]

I'm pretty sure Inter already had interest from China before Thohir took over the club mate.

Someone had to decide to make Inter sell-able to the Chinese though.

 

[TheNetworkZ]

I'm pretty sure Inter already had interest from China before Thohir took over the club mate.

I don't recall any investors from China being interested in becoming majority stockholders in the club, and I'm sure you don't either. Not to mention it wouldn't have been Suning.

 

[RichDAS]

There were numerous times we had Chinese characters on our shirts during the Morratti era, and I believe the connections were there. Also Inter has a large fanbase in China, which I believe gives a greater potential for Chinese corporations to invest into the club. Anyway, I dislike this person and feel we could do a better job with him out of the picture. A lot of people had the feeling the club wasn't going anywhere when he was at the forefront of the club. Since Suning becoming a part of Inter, the changes are obvious.

 

[JJM]

 

[Universe]

What are you guys on about. Moratti was talking with fucking Kenny Huang, a known scammer and shitbag, before the deal fell through thank fucking Christ.

Despite incidents of gross ineptitude from ALL involved parties of ownership over the years, looking back I'm fairly satisfied (or relieved) with the way things have turned out. I'm grateful first and foremost that Moratti sold the club to Thohir. See Milan for comparison. I'm grateful to Thohir for beginning the slow and sometimes poorly navigated road to modernising the club as a business. Whether it was that Claire former Apple marketing executive lady, or that English dipshit in charge of getting us a new stadium or fucking Bollingbroke, there were certainly failures, but those were failures while searching down the correct path. I'm grateful that eventually Inter were sold to Suning who are certainly no scrubs. Even if one went so far to think Zhang Jr's tears on the pitch at the Olimpico were just for the camera or something, the undeniable fact is that Zhang Sr has instructed his son to be as involved in the club as possible. He's not a part-time owner like Thohir or Kroenke of Arsenal. While I'm yet to rush to his praises, Steven Zhang is a young, English-speaking, Western-educated guy who is literally living with Inter. Right now, that's preferable to the previous ownership. That's not to say he's perfect obviously, but there was a time very recently where this club was backwards as shit with regards to it's media, marketing, brand awareness, sponsorship, finances and global platform. These are the moves we make to remedy this.

Naturally, one can not mention Suning without the unfortunate business that is the Chinese Government and their mandated laws regarding overseas expenditure. The timing was fucked, and we basically went from having money to burn to having nothing. I personally work with (not for) a company that lost a lot of clientele due to the same reason, albeit on a smaller scale (residential and commercial property, basically Chinese investors buying apartments and commercial units in Australia). From the perspective I've seen, I only feel those government restrictions are going to get tighter. You literally have Chinese millionaires bringing $10,000 in cash over to Australia at a time such are the restrictions right now.

I don't know what's going to happen in the future, but even being the enormous skeptic I am, I'm absolutely convinced Suning will actually do everything they can within those tight restrictions to help the club. From Moratti to Thohir to Suning is one development of the club I am satisfied with. Everything else to follow must come on the pitch.

 

[TheNetworkZ]

IIRC CRCC were only interested in a minority stockhold. I specifically said majority.

 

[Fapuccino]

What are you guys on about. Moratti was talking with fucking Kenny Huang, a known scammer and shitbag, before the deal fell through thank fucking Christ.

Despite incidents of gross ineptitude from ALL involved parties of ownership over the years, looking back I'm fairly satisfied (or relieved) with the way things have turned out. I'm grateful first and foremost that Moratti sold the club to Thohir. See Milan for comparison. I'm grateful to Thohir for beginning the slow and sometimes poorly navigated road to modernising the club as a business. Whether it was that Claire former Apple marketing executive lady, or that English dipshit in charge of getting us a new stadium or fucking Bollingbroke, there were certainly failures, but those were failures while searching down the correct path. I'm grateful that eventually Inter were sold to Suning who are certainly no scrubs. Even if one went so far to think Zhang Jr's tears on the pitch at the Olimpico were just for the camera or something, the undeniable fact is that Zhang Sr has instructed his son to be as involved in the club as possible. He's not a part-time owner like Thohir or Kroenke of Arsenal. While I'm yet to rush to his praises, Steven Zhang is a young, English-speaking, Western-educated guy who is literally living with Inter. Right now, that's preferable to the previous ownership. That's not to say he's perfect obviously, but there was a time very recently where this club was backwards as shit with regards to it's media, marketing, brand awareness, sponsorship, finances and global platform. These are the moves we make to remedy this.

Naturally, one can not mention Suning without the unfortunate business that is the Chinese Government and their mandated laws regarding overseas expenditure. The timing was fucked, and we basically went from having money to burn to having nothing. I personally work with (not for) a company that lost a lot of clientele due to the same reason, albeit on a smaller scale (residential and commercial property, basically Chinese investors buying apartments and commercial units in Australia). From the perspective I've seen, I only feel those government restrictions are going to get tighter. You literally have Chinese millionaires bringing $10,000 in cash over to Australia at a time such are the restrictions right now.

I don't know what's going to happen in the future, but even being the enormous skeptic I am, I'm absolutely convinced Suning will actually do everything they can within those tight restrictions to help the club. From Moratti to Thohir to Suning is one development of the club I am satisfied with. Everything else to follow must come on the pitch.

Never heard about these Chinese laws. What a pain in the ass. It's bad enough Chinese money has made buying property impossible in Western states, but the moment Inter stand to benefit from it, it's like nahhhhh fuck that.

 

[Anne Marie]

What are you guys on about. Moratti was talking with fucking Kenny Huang, a known scammer and shitbag, before the deal fell through thank fucking Christ.

Despite incidents of gross ineptitude from ALL involved parties of ownership over the years, looking back I'm fairly satisfied (or relieved) with the way things have turned out. I'm grateful first and foremost that Moratti sold the club to Thohir. See Milan for comparison. I'm grateful to Thohir for beginning the slow and sometimes poorly navigated road to modernising the club as a business. Whether it was that Claire former Apple marketing executive lady, or that English dipshit in charge of getting us a new stadium or fucking Bollingbroke, there were certainly failures, but those were failures while searching down the correct path. I'm grateful that eventually Inter were sold to Suning who are certainly no scrubs. Even if one went so far to think Zhang Jr's tears on the pitch at the Olimpico were just for the camera or something, the undeniable fact is that Zhang Sr has instructed his son to be as involved in the club as possible. He's not a part-time owner like Thohir or Kroenke of Arsenal. While I'm yet to rush to his praises, Steven Zhang is a young, English-speaking, Western-educated guy who is literally living with Inter. Right now, that's preferable to the previous ownership. That's not to say he's perfect obviously, but there was a time very recently where this club was backwards as shit with regards to it's media, marketing, brand awareness, sponsorship, finances and global platform. These are the moves we make to remedy this.

Naturally, one can not mention Suning without the unfortunate business that is the Chinese Government and their mandated laws regarding overseas expenditure. The timing was fucked, and we basically went from having money to burn to having nothing. I personally work with (not for) a company that lost a lot of clientele due to the same reason, albeit on a smaller scale (residential and commercial property, basically Chinese investors buying apartments and commercial units in Australia). From the perspective I've seen, I only feel those government restrictions are going to get tighter. You literally have Chinese millionaires bringing $10,000 in cash over to Australia at a time such are the restrictions right now.

I don't know what's going to happen in the future, but even being the enormous skeptic I am, I'm absolutely convinced Suning will actually do everything they can within those tight restrictions to help the club. From Moratti to Thohir to Suning is one development of the club I am satisfied with. Everything else to follow must come on the pitch.

I was doing fieldwork in China in 2008, and still a keen China watcher.

In China threre is a thing called Wage repression. Money earned from export is put into reserve, then finance though foreign loan (to the US), or domestic investment into infrastructure. In 2008 when the mortgage crisis and shady securitization system triggered the huge financial ourbreak, China put everything in infrastructure as the CCP did not have foreign destinations for their money. Parking ur money in $ is always a safe option - the Economist says $$$ has an exorbitant privilege due to the nature of American debt-fuelled consumption econmy.

The government cant increase Wage because repression policy sustains China competitive advantage - cheap labour (they are restructuring the economy but it takes time). Also, the Communists don’t want a large emergence of a “middle class” - the bourgeois as it would bring about more pressure on the government as well as a possibility of a novel counter-hegemonic ideology. The problem is that infrastructure has hit its limit while export is slowing down. Not only because of the 2008 financial recession but also because of Chinese low position on the ladder of creative industry. In short, the $ inflows slows down.

Meanwhile, Wealth was transfered from Household to the state as interest is set lower than inflation rates. People aint stupid, they keep their savings rather than put them into the central bank. Chinese domestic economy is way more capitalistic than many of you may think, people have channels to make money and to finance elsewhere internationally. Thus, it is understandable when The CCP restricts the outflow of $ leading to our, Inter, current situation, and to the situations that Universe observed. Especially consider the fact that big corporations in China benefited a lot from official connections AND the state putting up protective barriers against foreign competition. Who Jack Ma would be, if Amazon had been allowed to infiltrate Chinese market.