- May 14, 2011
- Favorite Player
Sell Sell Sell
Well yeah. They had a plan before COVID and their business going south in China.No it's much worse. Thohir actually had a plan even if we didn't like it. His plan was to stabilize the club then sell to someone who could invest into the club.
Stevie and co has no real plan except bandaids to stop the leaks. They don't want to sell except for an absurd offer nor are they willing to invest.
Well yeah. They had a plan before COVID and their business going south in China.
Now the plan is to try to keep winning, try to keep the CL status to somehow maintain the expensive squad BUT at the same time we need to sell assets, reduce costs . It's a cycle which doesn't have a good ending. It's a vanity project for Zhang so he wants to parade with the trophies and be friends with the players.
these guys are being sued once per month it seems
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here, some more ''good'' news.Whenever i see you have posted on this thread i secretly hope for news about sale. Typically visiting this thread only ends up in disappointment.
[DOCUMENTI] I creditori di Zhang: «Rischia il carcere a Hong Kong»Secondo i creditori di Steven Zhang, il presidente dell’Inter “rischia fino a tre mesi di carcere” a Hong Kong. È quanto emerge dai documenti che Calcio e Finanza ha potuto visionare, sulla causa nata nel Paese asiatico dopo che il numero uno del club nerazzurro non ha ripagato un debito da...www.calcioefinanza.it
According to Steven Zhang's creditors, the Inter president "risks up to three months in prison" in Hong Kong. This is what emerges from the documents that Calcio e Finanza were able to view, on the lawsuit that arose in the Asian country after the number one of the Nerazzurri club did not repay a debt of over 300 million to the China Construction Bank Asia.
In detail, in fact, the creditors have sued not only in the USA, but other legal actions have also started: one in Milan and two in Hong Kong, where the court initially agreed with the creditors. In particular, according to the first request for judgment, Steven Zhang will have to appear on March 13 before a judge for what is called a "debtor examination". In particular, according to the documents filed in the USA by the creditors, Zhang will be "orally questioned to ask him if Zhang has debts, how many debts he is owed and what other assets or means he has to satisfy the sentence" with which he was obliged to repay the over 300 million in debt. In addition, Zhang shall also "produce any book or document in his possession or power" relating to his assets and liabilities.
According to the creditors, it is "a cross-examination, and that of the strictest kind" in which the debtor must answer all the questions "quite relevant and correctly asked" and provide "all the necessary details". "This procedure will help ascertain which assets belong to Zhang and which debts are owed to him, so that they can be used to satisfy the Hong Kong ruling and the debt he owes to China Construction Bank Asia." documents.
The examination of the Hong Kong debtor will cover:
assets, liabilities, income and expenses of Zhang, disposals of assets and transfers of assets by Zhang;
his affairs; the means of him to satisfy the sentence of Hong Kong;
and if Zhang improperly structured his assets and his relationship with Inter to avoid complying with the Hong Kong ruling.
However, there is a significant risk: based on the precedents cited by creditors, in fact, the risk is that of imprisonment of up to three months. "If the Court has ascertained, following the examination carried out, that the debtor of the sentence has hidden assets in order to avoid the fulfillment of the sentence or the liability object of the sentence, in whole or in part, or has voluntarily omitted to answer any questions, may, at its discretion, order the debtor's imprisonment for a period not exceeding three months,” the documents read.
However, this is not the only risk for Steven Zhang. The creditors have in fact filed a second lawsuit against the Inter president for contempt in relation to the accusation of perjury during the first trial. Indeed, China Construction Bank Asia "will ask to convict Zhang of contempt of the Hong Kong court due to his false sworn statements in the proceeding that led to the entry into force of the Hong Kong sentence".
“The basis for the indictment request will be that Zhang knowingly made false statements to the Hong Kong Court including falsely swearing that he was not involved in and unaware of the refinancing transaction, did not sign the Intercreditor Agreement and the Personal Guarantees , and his signatures on those documents were forged,” the documents read. "If the court rules against the accused, they may be jailed or fined," concluded the creditors of China Construction Bank Asia.
Milan and Juve are swimming in cash, don't get me started on NapoliSuning is a major reason why we don't generate enough revenue.
IIRC Milan's revenue is lower than ours? They just have a much cheaper cost basisMilan and Juve are swimming in cash, don't get me started on Napoli
Their wages are much lower (€30m less).IIRC Milan's revenue is lower than ours? They just have a much cheaper cost basis