The Suning Commerce Group

[CafeCordoba]

Okay, so the board member would be still there. Just that there's no voting power on any matters in operational side, okay. And yeah, the liquidity stack thing wasn't mentioned, they'd be the first ones getting their money back in case of bankruptcy (hardly likely I assume).

But that SoftBank connection is interesting.

 

[Broseph Stalin]

Okay, so the board member would be still there. Just that there's no voting power on any matters in operational side, okay. And yeah, the liquidity stack thing wasn't mentioned, they'd be the first ones getting their money back in case of bankruptcy (hardly likely I assume).

But that SoftBank connection is interesting.

Liquidity stack also matters when an asset is being sold at a loss below its last valuation. So Fortress would be the first one getting their investment back and the common stock shareholders would be the one getting fucked over. This is what happens to the employees in a lot of tech startups. And in our case, the HK fund investors might get screwed. It’s going to be interesting to see how they’re going to structure this deal with so many different parties involved.

 

[brehme1989]

I'm pretty sure a few members will get a subliminal notification on the SoftBank association

 

[CafeCordoba]

Liquidity stack also matters when an asset is being sold at a loss below its last valuation. So Fortress would be the first one getting their investment back and the common stock shareholders would be the one getting fucked over. This is what happens to the employees in a lot of tech startups. And in our case, the HK fund investors might get screwed. It’s going to be interesting to see how they’re going to structure this deal with so many different parties involved.

Yeah, I think the LionRock Capital thing will be removed from the equation in one way or another in this mess. They own 30% at the moment but as far as I've understood, they are just basically some kind of extension of Suning. I could be totally wrong also.

 

[Pimpin]

So what’s your point? Did I ever commend Stalin or any sort of communism in any shape or form? I could have your mom’s picture as my avatar for that matter but it doesn’t mean that I’m in love with her, ya know. It’s not surprise that this forum participation is dwindling when mods are okay with statements like that

let me put a picture of hitler as my avi and see where that gets me. I'd put your mom, but seeing the way you speak, I doubt you ever knew her.

 

[Broseph Stalin]

let me put a picture of hitler as my avi and see where that gets me. I'd put your mom, but seeing the way you speak, I doubt you ever knew her.

Dude your username is literally pimpin. As an aspiring prostitute, I feel deeply offended

 

[ADRossi]

Enough of this. If this discussion continues you'll both be receiving infractions.

 

[wera]

http://forzainterforums.com/showthread.php?15383-The-Broseph-vs-Pimpin-debate&p=1986024#post1986024

I made a dedicated Broseph/Pimpin thread so that this thread doesn't have offtopic.

 

[Puma]

A few days ago, I read that Suning would take steps in the coming days to pay our players what they were owed in January and February 2021. Has there been any confirmation on whether those payments were made?

 

[brehme1989]

On an unrelated note. Or not. The Chinese ban Alibaba's browser grom app stores.

Suning doesn't have international coverage for us to learn the exact situation or at least pieces of info on the government's actions against them.

 

[Puma]

I read for the first time yesterday that if Suning remain owners of the club they might be forced to sell some of players to deal with their mounting debts. There article also mentioned the possibility of Inter being prevented from participating in tournaments such as the Champions League and Europa due to our debts.

 

[Pimpin]

I read for the first time yesterday that if Suning remain owners of the club they might be forced to sell some of players to deal with their mounting debts. There article also mentioned the possibility of Inter being prevented from participating in tournaments such as the Champions League and Europa due to our debts.

our debts pale in comparison to some other clubs

 

[Puma]

That's not really saying much. We know that different rules apply to different clubs. And if I am not mistaken, Inter is not one of the clubs that is treated favourably by UEFA otherwise we would not have had to labour under Financial Fair Play for so many years.

Claiming that our debts pale in comparison to some other clubs is like a person saying they did not know the law and should therefore not be punished.

 

[CafeCordoba]

Having debt does not mean much. Man United have a lot of debt but it's not a concern because they can make money and handle the debt.

Inter do not too much money because the inflated Asia sponsorship deals are not there anymore. And probably won't be there anymore because they would be there already if it was possible.

UEFA treatment has nothing to do with this. UEFA will probably be very lenient with any FFP related matters this summer and maybe even the next one too.

 

[.h.]

I dont know what the laaatest situation is with FFP. 100% for sure they were going to roll 2019-2020 and 2020-2021 reporting years together, but that was before the 20-21 season even started. Given everyone will still lose heavily this yeara, I dont think that's gonna remain the situation.

I THOUGHT I saw somewhere that reporting periods until like 2025 were going to be blended together to try to mitigate it but probably was wrong

remember, the biggest single impact of COVID is loss of gate receipts - in the scheme of big clubs, gate receipts. is the SMALLEST proportionn at Inter compared to other clubs esp english ones. We're being hit hard because of the sponsorship deals too.

A new shirt sponsor and selling some of the players I've identified will go a long way for us this summer.

 

[Il Drago]

Fortress Leading Bain Capital & PIF In Suning’s Hunt For Inter Investment, Italian Media Claim

Fortress remain Inter’s likely source of investment in the coming weeks, according to a report in the Italian media.

Carlo Festa, a reporter for Il Sole 24 Ore, said the Nerazzurri’s owners Suning had three options to secure the €250 million they needed to make it through to the end of the year.

Fortress are in pole position to give Inter a loan which will help them cover their impending financial deadlines, but Bain Capital Credit are still working on seeking a deal with Suning too.

Saudi Arabia’s Public Investment Fund (PIF), meanwhile, are interested in buying a minority stake in the club and recently made contact via lawyers representing them from Freshfields.

Inter president Steven Zhang has effectively made it clear that Suning will not sell the club, the report continued, by setting an extremely high asking price for anyone wishing to purchase a majority stake: €1 billion.

BC Partners were interested in buying Inter recently but the British private equity firm only ever valued the Nerazzurri at €700 million.

Suning’s objective now is to make it to the end of the year while hopefully winning the Serie A title with Inter in the meantime.

They will then choose the best course of action for the future, although Festa warned that their current talks to find a loan deal were ‘complex’.

Inter are already heavily in debt and securing a loan would only go to increase that level of debt, with the Nerazzurri thought to have around €400 million of it now.

 

[TheNetworkZ]

End of the calendar year or financial year? Regardless I hate that we have to worry again after Suning finds a loan agreement. Just sell the club ffs.

Sent from my SM-G973W using Tapatalk

 

[.h.]

itll be end of football/financial year most likely.

 

[kurt0411]

Fuck these guys

 

[Puma]

I am just wondering how the club can plan for next season with the lack of certainty around our ownership.