The Suning Commerce Group

.h.

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I think youll find we are currently 3rd :D
 

Superminion

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Bankruptcy as in Inter being wound up as an asset, fire sold, and properly going bankrupt like Fiorentina, Parma, etc did and having to be refounded?

I very much doubt it, but I wouldnt categorically say its 0%. I'd say its probably like, 1-3%, very small world possibility stuff but not entirely off the realm of feasible. Like, "auditors should mention it as a risk, but its not one anyone really expects to materialise".

Irrespective of whether our rumoured price is 1 billion including debt or 1 billion excluding debt, there's clearly at least some perceived net equity in the business. Recurring revenues, Serie A rights, etc - if you stripped out player base and reduced cost to cover 500 mil in debt, there's probably still a few hundred mil in net equity in the business (I'd guess?). Clearly owning our own stadium would be transformational, but alas

A default on the loans, leading to creditors being awarded Inter? To me, right now, that feels pretty damn likely. I dont see the willpower from Zhang to sell the club really - it's hard to say if its just a general lack of demand for Inter [irrespective of the buying price, you'd still have to inject like a bunch of cash to right the ship, then OpEx we need like 100m a year injection just to cover the baseline running of the business], Serie A [lets be blunt, its a stale league that isn't going anywhere anytime soon], or if it's their unreasonable price.


I really struggle to see how Zhang can get themselves out of this mess - it would, probably, take some unbelievable soar of Suning's stock market performance, paying out major dividends to shareholders - they're still heavily loss making, so they're a long way from being able to do anything of the scale required. It'd also need a change in CCCP policy, which feels extremely unlikely at the moment especially after the Russian-Ukranian war and the resulting sanctions on Russian wealth overseas. Or significant existing overseas assets, which as far as I know, they dont have either. With some amazing deals (eg sponsorship, reducing player costs a bit), they might be able to solve the "inter loses money every year" problem, but then you have the pile of debt question to address as well. And to achieve that while keeping a competitive team (which obviously links to sponsorship, prize money, TV revenue, etc) is damn hard.


Honest view - either a sale at a discounted price (anything that's above the loan fees is some kind of net cash to Zhang), or Oaktree taking us over feel the most likely. The question, though, is why would Oaktree want to take over Inter? Running a sporting club isn't really their pedigree as far as I'm aware, infact I'd love to even know if their business model is to, for companies they own, bring in their own management team etc. From a quick browse on their wikipedia page it looks like they do sometimes take full ownership, but rarely, they're more of a joint venture company.

All that being said, I said the same things about Elliott and Lee and that's exactly what happened there.
It's the fiorentina, Parma type of bankruptcy that I'm worried about, as it will mean that we'll have to start over from serie c/d.
Honestly I don't view being taken over by oaktree as a bad thing at this point, heck I'm probably wishing for that to happen soon. I mean look at our city rival, being owned by Elliot solve their financial problems and even land them a scudetto. Way better than late Berlusconi or yonghong li era for them. These American funds probably are the most qualified on earth people at turning sport into a profitable and sustainable business.
 

Superminion

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we are 2nd in the league.... and the easiest route out of to the semi final of the champions league..... other than winning the league 2 seasons ago. This is a better place than we have been in for 13 years.

stop complaining people.

If they sell the club hopefully someone good comes that wants to make us Euro contenders and not a feeder team to a more profitable EPL or MLS team.

Well, my problem with zhang is this :

I feel like Zhang are just refusing to make a decision, which is the worst decision really. This is a situation where a sale would be good, finding a minority investor to clear debt would be good, putting in place some framework for Oaktree to take us over would also be good. Instead it feels like we are in a burning house and choosing to stay seated to see if the fire brigade show up

See, I'm actually fine if zhang can't keep being sugar daddy type owner like when he first came here, can't blame them for unable to predict a pandemic & changing landscape political landscape in their native country AS LONG AS HE HAS A PLAN B to keep inter financially stable. Why can't he tell marotta to operate like bbilan or Napoli for example?
 

brehme1989

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It's the fiorentina, Parma type of bankruptcy that I'm worried about, as it will mean that we'll have to start over from serie c/d.

Improbable unless Zhang tanks us on purpose.

Honestly I don't view being taken over by oaktree as a bad thing at this point, heck I'm probably wishing for that to happen soon.

Agreed.

Brookfield can definitely find someone for us even if it's not their alley.

I mean look at our city rival, being owned by Elliot solve their financial problems and even land them a scudetto. Way better than late Berlusconi or yonghong li era for them. These American funds probably are the most qualified on earth people at turning sport into a profitable and sustainable business.

Americans cannot magically make us profitable, that's tied to other parameters. But a collection of American owners in Serie A would definitely help towards commercializing the league in a more modern way. The Italian government will remain as rotten as it is when it comes to upgraded infrastructure and their Euro 2032 bid is too late for any proper action and half the stadiums listed there are pathetically small and the only new stadiums proposed in the entire shortlist are the one we're supposed to build and Roma's plan...

Renovating a bunch of stadiums might not be a bad idea, but Italy needs new stadiums as well.

I don't mind sharing a stadium with Milan if that's a renovated Meazza, but if we're going for a new stadium, we have to follow our own path and they follow theirs.

Same applies with Roma and Lazio. One has to build a new one (Roma) and the other has to take the Flaminio next to the Olimpico and build a 40k stadium from scratch.
Italy keeps the Olimpico for rugby, the national team and for athletics events. Which they don't want.
More teams/cities need new stadiums like Napoli, Fiorentina, Bologna, Torino, Palermo, Catania, Venezia etc.


You cannot throw money at Inter and expect that the effect will trickle down to the entire league. The entire edifice needs an upgrade.
And if you don't throw money at Inter, well, here we are...
 

.h.

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It's the fiorentina, Parma type of bankruptcy that I'm worried about, as it will mean that we'll have to start over from serie c/d.
Honestly I don't view being taken over by oaktree as a bad thing at this point, heck I'm probably wishing for that to happen soon. I mean look at our city rival, being owned by Elliot solve their financial problems and even land them a scudetto. Way better than late Berlusconi or yonghong li era for them. These American funds probably are the most qualified on earth people at turning sport into a profitable and sustainable business.
I would hope that scenario is very very unlikely. You go bust on things when you have negative net equity, otherwise in the worst case scenario you just try to get some of your equity out. In football that's also negative perceived equity - eg some clubs like Chelsea have been traded for 1 gbp because there was still brand equity if not real positive equity.
But who knows
 

Besnik

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At this point, Inter is being held like a hostage. They need to free it before it's way too late. Things aren't working anymore, there is no strategy whatsoever. This club needs new ideas with competent people of course. Suning must go. Interisti would have been grateful for their success in past couple of years unless like I said it's too late.
 

ADRossi

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Is there any possibility that the Chinese government is refusing to let Zhang sell? I'm baffled by Zhang's desire to hang on to this outrageously bad investment. He's going to keep losing money (no return on his investment) as long as he owns the club.
 

brehme1989

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Is there any possibility that the Chinese government is refusing to let Zhang sell? I'm baffled by Zhang's desire to hang on to this outrageously bad investment. He's going to keep losing money (no return on his investment) as long as he owns the club.
That's actually a genuine rumour out there but that's also because almost no one knows.
One speculation that I hear a lot is that they want to make a deal with investors of a specific background in order to get them involved in China, but that's thrown around anytime the Chinese have dealings with Europe and/or the USA.
 

Armes

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Don't want to get into polidicks but isn't China bff with the Saudis now?
 

Forzanerazzurri

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To be clear, I also want a change of ownership. It's not like I've been sat here defending Inzaghi, the team, etc.... But that doesnt excuse frankly racist, xenophobic, ignorant posting about the club's ownership
Lame. You have some paper thin skin.
Also, Chinese is a nationality not a race.
I'm pretty certain the CCP doesn't need you to be their defense force.
People are allowed to criticize this foreign owner without the conversation being lazily reduced to pulling the Racism card. It's annoying and it's tired.
 
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Corrode

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Don't want to get into polidicks but isn't China bff with the Saudis now?
everything on people republic of china things always related into political things. it is unavoidable.
 

wera

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It's incredible how fucked we are with them at the helm.
 

sdvroot

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It's incredible how fucked we are with them at the helm.
Well, we're not completely fucked yet, the next three matches in the Seria A are against shitty teams and we'll most likely be able to get 7 points in those matches, which will greatly improve everyone's mood.
 

wera

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Kinda doubt it, it was already a xmas miracle that we were second for so long.

It's been evident from the last few transfer windows that this team is getting ready for a steep dive. The time for big changes has already passed.
 

interman

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I was happy to hear Ernesto Bertarelli related to Inter sale, I don't know him so closely, maybe he is next Rocco Commisso but I somehow prefer him over Americans.

 

CafeCordoba

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I was happy to hear Ernesto Bertarelli related to Inter sale, I don't know him so closely, maybe he is next Rocco Commisso but I somehow prefer him over Americans.

When was that?
 

Adriano@10

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I was happy to hear Ernesto Bertarelli related to Inter sale, I don't know him so closely, maybe he is next Rocco Commisso but I somehow prefer him over Americans.

Would be a great choice imho....
Atleast if he treats us like he treated alinghi where he was not shy to spend money in order to win and winning was the main goal.
 

brehme1989

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When was that?
it's one of the names that has been floating around a potential new Inter ownership. Don't know if there's anything fairly recent, but their name appeared when Thohir was around as well, and as a potential Suning replacement.
 

Armes

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everything on people republic of china things always related into political things. it is unavoidable.
This is a long shot maybe but here goes: since they're bff with the Saudis very recently (you don't see this too much on mainstream media btw) and there is hush talk of the US dollar being replaced, I wonder if Suning staying wold not necessarily be a bad thing for Inter
 
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