The Suning Commerce Group

[Il Drago]

If there's an advanced negotiation for the sale of the club, you will learn about it from Financial Times or Bloomberg. Not from Tuttosport.

 

[Gal]

At this point it is more likely to be just inquiry or preliminary bids. We won’t hear from more trusted sources until we get into the advanced negotiations state. Nothing indicates Inter actually entered any sort of negotiations with them at this point, hence it’s not really worth it for those sources to even mention it.

Realistically that can be months from now.

 

[vex]

I don't believe zhang will sell coz as i v said earlier he will ride this train until the wheels fall off imo, but at what point, if there is really an offer or interested buyer, do we say the behavior on his part is utter and complete negligence.

Motherfucker has to go to other people to borrow money to keep the club in his hands, and at the same time has an audacity to ponder over overall price and even say it's not enough, or I refuse...

I know he is an owner, and he can do whatever the fuck he wants, but the sheer arrogance that comes off of that attitude "maybe I sell, maybe I don't" and at the same time running like a little junkie to his dealer every time he needs money to keep the club in his hands is what really grinds my gears in all of this.

 

[Gal]

Vex we end up in the hands of an AIF regardless of what Zhang decides it’s not exactly a dream scenario

 

[IL Fenomeno]

I don't believe zhang will sell coz as i v said earlier he will ride this train until the wheels fall off imo, but at what point, if there is really an offer or interested buyer, do we say the behavior on his part is utter and complete negligence.

Motherfucker has to go to other people to borrow money to keep the club in his hands, and at the same time has an audacity to ponder over overall price and even say it's not enough, or I refuse...

I know he is an owner, and he can do whatever the fuck he wants, but the sheer arrogance that comes off of that attitude "maybe I sell, maybe I don't" and at the same time running like a little junkie to his dealer every time he needs money to keep the club in his hands is what really grinds my gears in all of this.

The interest rate will rise significantly.. I don't think he will refinance the loan? Where should the Zhangs get money from

 

[Gal]

The interest rate will rise significantly.. I don't think he will refinance the loan? Where should the Zhangs get money from

You can always get another AIF to pay out your dept on even less favourable terms.

 

[Adriano@10]

The interest rate will rise significantly.. I don't think he will refinance the loan? Where should the Zhangs get money from

As i tried to point out a couple of pages ago suning most likely does not need to refinance the whole 240+ mio (not sure anymore how big our oaktree loan is)...
They most likely only need to refinance the amount which they put into inter which is around 100mio i think...
Still a tough task to raise that money but a lot easier than if you d have to refinance the whole thing.

Also while intrest rates have increased massively our financial situation also improved quite a bit from when we original took out that loan..

 

[DARi0]

‘Investcorp guarantees splendid future for Inter’

Local journalist Turki Al Ghamdi provided an update on Investcorp’s negotiations for Inter, highlighting how ‘everything now depends on Zhang’.

The Bahraini investment group are willing to pay up to €1.3 billion for the Nerazzurri, the valuation set by owners Suning. The Chinese company have been rocked by financial issues since the COVID pandemic and will have to pay back Oaktree upwards of €300m by May 2024, making a sale before then a realistic possibility.

Inter president Steven Zhang has been hesitant to sell the club in the recent past, but things could be different this time as Investcorp push to try and agree a deal. Due diligence checks were started earlier this month and further steps could be taken in the coming weeks.

Speaking on pages 12 and 13 of Tuttosport, Al Ghamdi first provided some context behind Investcorp.

“I confirm that negotiations are continuing. Investcorp is a company with several investors, including Mubadala Investment Company which holds 20%, founded in 1982 by the late Nemir Kirdar.
“Among the fund’s most prestigious successes is that of bringing Gucci back to success when it was close to bankruptcy.
“Now its executive chairman is Mohammed Mahfoodh Al Ardhi, a special man with great goals, a lover of football and Sardinia, where he has often been on holiday.
“Our community knows the fund very well, they know they have a great and prosperous future ahead of them, as they have never failed in any project they have decided to get their hands on.”

He touched on the figures being discussed in the negotiations.

“About €1.3 billion should be allocated for the purchase of Inter, although now clearly Zhang will have to be convinced to sell.
“Investcorp’s subsequent profit will come from developing the team and achieving local and international success.
“It will be crucial to have our own stadium to enjoy huge annual revenues, as is the case with other top clubs in the world.”

The journalist explained why Investcorp are so interested in purchasing Inter.

“The fund has several assets scattered around the world, which are currently being managed positively. Some time ago the decision was made to acquire a football club as a new asset to add to the portfolio.
“Now the choice has fallen on Inter because they are considered a suitable team for investment, with a large fan base and current ownership that, due to debt, will have to sell. Inter have an important history and are one of the most prestigious clubs in the world.
“If an owned stadium were built, the revenues would be gigantic. On the other hand, look at how much Premier League clubs cost, the prices are very high.
“Think of Manchester United and you will understand why Inter is a very attractive option at the moment. As Milan probably was too, but with Elliott it wasn’t concluded.”

Finally, Al Ghamdi suggested that Inter would be given significant resources to work with in the transfer market under Investcorp.

“Now everything depends on Zhang, after the recent contacts with brokers and possible investors. Investcorp would guarantee a splendid future for the Nerazzurri.
“Here in the Arab countries, there are many true Inter fans who follow the team with passion. Investcorp’s target would be to win everything, domestically and internationally.
“So, the focus would be on hiring and signing great players to achieve the set goals.”

I bet Stevie does not want to lose his shiny toy, unless his dad tells him to.

 

[Nerazzurri_Ninja]

Id keep Zhang around as a minority shareholder, id also invite Morratti to buy a small share and be on the board.

 

[Gal]

‘Investcorp guarantees splendid future for Inter’

I bet Stevie does not want to lose his shiny toy, unless his dad tells him to.

He is a puppet he has nothing to say in this matter.

 

[crzdcolombian]

Id keep Zhang around as a minority shareholder, id also invite Morratti to buy a small share and be on the board.

I agree if they can get us more into the asian market that would be great. I still can't believe china and India with 2 billion people each don't have 1 remotely decent player to buy for marketing purposes

 

[Nerazzurri_Ninja]

I agree if they can get us more into the asian market that would be great. I still can't believe china and India with 2 billion people each don't have 1 remotely decent player to buy for marketing purposes

For India there is Suhail Bhat and for China there is Jia Boyan, i would invest in these young phenoms if even to loan out and see what happens

 

[Demokritos]

I agree if they can get us more into the asian market that would be great. I still can't believe china and India with 2 billion people each don't have 1 remotely decent player to buy for marketing purposes

Can buy cricket player from india or Pingpong player from China
Sadly Not for football

 

[satubito]

Sheikh Jassim has withdrawn his bid to buy Man United. Rumors now say he will turn his attention to us.

 

[Forzanerazzurri]

Sheikh Jassim has withdrawn his bid to buy Man United. Rumors now say he will turn his attention to us.

Those rumors have been struck down.

 

[Strale]

No need for big signings imo keep what we have, sort out financial stuff, proceed as quickly as possible with the new stadium and leave Marotta and Ausilio to deal with everything football related.

As a fan, I really don't need to see a freakin Neymar, even a new Neymar. This is a team sport, and quality sport projects, team chemistry and good atmosphere win imo See PSG and how embarrassing they are

 

[Corrode]

actually Inter needs a new superb technical forward, like neymar and sanchez in the past. neymar and sanchez are a couple of superb forward, but they are in the past right now, a.k.a finished.

 

[PHM1605]

If the new owner can boost as much as allowing us not to sell founded star(s) every year, I am already satisfied.
Imagine this squad + Hakimi Lukaku Onana Brozovic etc. A true powerhouse.

 

[.h.]

Sadly I dont think that's at all feasible. You'd need something like 100-150mil a year in sponsorship + immediate pay off of all bonds and loans to Inter, on a 1 billion transaction price you're probably looking at circa 1.5billion cost, +50-100mil a year in additional sponsorship (the real variability is how you bet on CL progress every season. If we can assume CL QFs, things are a bit rosier)

The fundamental problem is that we spend more than we make.

Last year we spent very little on the market, had to generate plusvalenza (sale of Casadei, Brozovic as examples) and get to the CL final, we still recorded, what was it, like an 80m loss?

 

[PHM1605]

Care to elaborate how teams like e.g. PSG dont spend more than they make?