The Suning Commerce Group

.h.

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Their 22 financial accounts are expected to be circa plus 50m
 

.h.

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I think the expectation this year is still more than 100m in losses but I really dunno. Before you ask why, for Milan a lot of it comes from being in the CL and stadia reopening
 

CafeCordoba

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Our debt means we need to pay close to 30m interest payment PER year. And that's just the interest payment, the actual debt is not paid back. It will be rolled over ie. new loan is taken to pay the existing debt at due date unless they find for example new owner to handle that once and for all.

Zhang needs to really understand this when setting the price tag for the club.
 

Matrix_invincible

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Difficult season ahead. We need to replace Skriniar. We need another Striker if Lukaku isnt laughable cheap.
We ve many old players which need to be replaced.

Conclusio we have to invest at least 100 millions on the transfermarket, where to take the money from?
 

NimAraya

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Difficult season ahead. We need to replace Skriniar. We need another Striker if Lukaku isnt laughable cheap.
We ve many old players which need to be replaced.

Conclusio we have to invest at least 100 millions on the transfermarket, where to take the money from?
By having a new owner who is not as broke as Suning.
 

wera

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The most important detail is not the broke part (although also important), but having an owner that isn't getting into debt with every venture. The gigantic level of mismanagement starts with Zhang Jr.
 

brehme1989

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The most important detail is not the broke part (although also important), but having an owner that isn't getting into debt with every venture. The gigantic level of mismanagement starts with Zhang Jr.
You think he's managin anything to begin with?
 

Matrix_invincible

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The most important detail is not the broke part (although also important), but having an owner that isn't getting into debt with every venture. The gigantic level of mismanagement starts with Zhang Jr.
I think they would be willing to spend, i see the problem in the politics of China.
 

Il Drago

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Unnamed American Fund Close To Buying Inter Milan From Suning, Italian Media Claim​

An unnamed US-based fund is on the verge of buying Inter from current owners Suning.

This according to today’s print edition of Milan-based newspaper Il Giornale, via FCInter1908, who report that only the announcement remains for the purchase of the Nerazzurri to be complete, and that this is expected in the next couple weeks.

Despite the persistent denials of Suning that they are trying to sell Inter, the owners have been working behind the scenes with US-based investment banks Goldman Sachs and Raine Group to search for either an outright buyer or minority investment.

According to Il Giornale, a US-based fund has stepped forward to make a deal, and not just to become a minority partner.

The Milan-based newspaper claim that the talks are at an advanced stage, and that now an official announcement can be expected soon.

As far as the sums involved in the deal, Il Giornale note that Suning’s asking price for the Nerazzurri has been €1 billion, raised to €1.2 billion following the sale of city rivals AC Milan to RedBird for that amount.

However, the current owners’ valuation may well have wavered slightly.

This would be the case particularly in light of the fact that the debt burden between the principal and interest on the loan that holding company Grand Tower SARL took on to inject cash into Inter will come due at €350 million next year.

Given that Suning put their shares in Inter up as collateral on that loan, they would lose control if they are unable to pay back the loan when it comes due.

Accordingly, Il Giornale claims, Suning may have agreed a deal at somewhat less than their asking price has been.

Based on Il Giornale’s report, updates can be expected in the very near future.

I doubt big news would be coming out from Il Giornale but one can only hope.
 

Jane The Virgin

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These investing funds gonna be the death of me.

Pre Mou, post Mou, covid... We deserve fucking Arab money..... UFOs are being shot every day, the end is near... At least give us 2 years of being filthy arrogantly stupid bully rich.


Please!

Edit: also Juve serie b.
 

Ethor

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Grande, " a unnamed American fund", if true, the bastards will push for the super duper league I'll be bound!
 

DARi0

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I doubt big news would be coming out from Il Giornale but one can only hope.
and I doubt american company would co-exist with a chinese one :yao:

in this tempo the american fund will be Oaktree simply taking over defunct Suning
 
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