The Suning Commerce Group

[bubba zanetti]

This fkn Pedro is obviously a troll.

 

[Kev9Inter]

From Ben Jacobs on Twitter

My understanding with Inter and PIF is the parties are not in any ‘new’ advanced talks. There has been on-off contact for over a year about both minority and majority investment. PIF do want other clubs eventually, but their focus is on Newcastle for now.

The parties did talk in September, crucially before the #NUFC deal suddenly went through. In the short term, I see PIF wanting a commercial partnership with Inter rather than owning the club.

But Suning may be forced to sell, & PIF are certainly opportunistic investors. Yet unless Suning drop their price significantly I don’t see PIF either investing or taking over. There is a lot of excitement amongst fans and conflicting info about whether Suning even wish to sell.

Senior PIF sources are playing down their interest in Inter. 1bn is a high price to pay and PIF don’t invest for vanity but value.

 

[bubba zanetti]

Marotta said there will be no signings in January and that Zhangs will remain our owners.Fuck.

 

[bubba zanetti]

Italian Journalist Marco Barzaghi: "Inter Disposed To Deny PIF Sale Is Close But I’ve Got Lots Of Confirmation”

Italian journalist Marco Barzaghi believes that a sale of Inter from Suning to PIF is close even though the possibility has been denied by the current

sempreinter.com

 

[Jnr]

Marotta said there will be no signings in January and that Zhangs will remain our owners.Fuck.

I wouldnt trust anything Beppe says. The man worked for Agnelli for 8 years. He has finessed the lying.

 

[Bluenine]

I wouldnt trust anything Beppe says. The man worked for Agnelli for 8 years. He has finessed the lying.

That is true, Marotta is a crafty professional and he would never divulge a PIF investment before its done. That said, in this particular instance, I think Marotta is just doing expectation management. I don't think PIF are interested in buying Inter unless Suning drop the price significantly, and I don't think Inter are planning on a big January window.

 

[Conan the Barbarian]

Marotta said there will be no signings in January and that Zhangs will remain our owners.Fuck.

I read that news and I'm already depressed. Adding no one in January would be a proper suicide for us. Our squad depth is limited as fuck. Even if we don't have money ,we should at least try some swap deals.

 

[CafeCordoba]

I read that news and I'm already depressed. Adding no one in January would be a proper suicide for us. Our squad depth is limited as fuck. Even if we don't have money ,we should at least try some swap deals.

It's not a suicide if the target is top4 finish and CL knockout stages. By January, we've already reached/not reached CL knockouts. I can't see us dropping out of top4 with this squad. I'd say we're still right up there in the Scudetto race, strongly.

 

[Conan the Barbarian]

It's not a suicide if the target is top4 finish and CL knockout stages. By January, we've already reached/not reached CL knockouts. I can't see us dropping out of top4 with this squad. I'd say we're still right up there in the Scudetto race, strongly.

You're right but my comment was about the championship

 

[DARi0]

INTER OWNERS SUNING CONCERNED AS EVERGRANDE DEFAULT​

Inter owners Suning could be in for a very heavy financial hit, as Chinese giants Evergrande have defaulted and are expected to be declared bankrupt tomorrow.

Bloomberg confirm China Evergrande Group defaulted on interest payments to international investors.

German market screening agency DMSA have started bankruptcy proceedings, calling on all bond investors to join, so the real estate developers will likely be declared bankrupt tomorrow.

Evergrande already missed several deadlines and extensions on the interest payments before defaulting yet again.

This is very bad news for Inter, because their owners Suning had €2.6 billion worth of shares in Evergrande Real Estate.

There had already been serious liquidity issues at Suning and this will be a further blow to their portfolio.

According to the Bloomberg Billionaires Index, Suning and Inter owner Zhang Jindong has lost $2 billion this year, circa half his fortune.

It will again raise questions on the future of Inter and their plans to sell the club, especially with PIF interested, the Saudi investment fund that has already purchased Newcastle United.

Can anyone check/confirm this?

Someone commented that they actually did make the payments, late, so default averted. For now.

 

[brehme1989]

Can anyone check/confirm this?

Someone commented that they actually did make the payments, late, so default averted. For now.

Yeap, someone magically appeared with $150,000,000 worth of Bitcoin and the payment was made after the case...

So Evergrande did default, but it also made the due payment.

Default doesn't mean you go bust, it's what we call what happens when you don't pay what you're supposed to, when you're supposed to. But usually this is what people who are about to go bust are doing, so it's synonymous in people's ears.

 

[ElDuccio]

There's a circulating rumor on Inter fanpages the decisive date for PIF takeover is November 19. I don't take it seriously till i see solid proof.

saw it too, many people claim that it will be official next week. Other sources always said that there will be new news at the end of the year. There is nothing official but it's strange that there is always someone talking about in this last months. Something should be true. If the story with the 19 is true then we will have more sources talking about in the next days (Gazzetta, ANSA, maybe sky....)

 

[.h.]

Yeap, someone magically appeared with $150,000,000 worth of Bitcoin and the payment was made after the case...

So Evergrande did default, but it also made the due payment.

Default doesn't mean you go bust, it's what we call what happens when you don't pay what you're supposed to, when you're supposed to. But usually this is what people who are about to go bust are doing, so it's synonymous in people's ears.

I wonder if they've tried loan with obligations



Just kidding


Defaults are clearly a very common first step to winding up. The balance sheet will be interesting, what prices can actually be realised for some of their assets. Here comes write down Central.

 

[Pimpin]

I wonder if they've tried loan with obligations

technically, this is literally default on a loan with obligation

 

[bubba zanetti]

Sell the fkn club for lower price to Saudis already godamnit!

 

[.h.]

technically, this is literally default on a loan with obligation

Hahaha that is true.

 

[Ethor]

255 million debt coupons due on 28th December, for Evergrande, according to reports.

 

[brightbackground]

https://twitter.com/x/status/1458786933887455238

https://twitter.com/x/status/1458814895273787397

https://twitter.com/x/status/1458787277312827401

Antonello confirms that Zhang will remain, says Inter is yet again refinancing a bond, and then has the gall to complain that the fans are pissed off. Man we are so fucked.

 

[CafeCordoba]

Marco Bellinazzo from Sole 24 Sore says that PIF was interested in Inter earlier in this year (like many others have said) but Newcastle ended up being their target so there won't be anything. Mentioned also the double ownership thing regarding UEFA regulations (like talked about here).

 

[vex]

At the same time, some of the more fringe journalists are still saying even today that everything is advanced with pif, and that they are interested. Apparently their sources continue confirming it. Probably just doing it for clickbait, but you never know, they are strangely sticking to it despite no official confirmation or anything like that.