The Suning Commerce Group

.h.

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Gal

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an Arab with money is probably the least stable owner we could get. They'll get bored one day and move off to something else. City and PSG have the benefits of basically being state backed entities.. Look at how the Saudi league had its support just drop overnight. remember Anzhi when eto'o went there??

These are business men first and foremost, if they invest in Inter they are not going to let that investment go south. This isn’t how people like this usually behave or think like. We aren’t linked to Middle East states where sports washing and soft power come into play, what has been talked about is Arabian investment firms and billionaires very very different scenarios.

I would not really be all that worried about such owners in terms of safety for the club, I would be far more concerned about the moral and ethical part of it.
 

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Looks like we're heading for New ownership, or someone holding the majority of shares, going to be interesting on a lot of fronts, mainly from the fans on meltdown with un educated view on what happens next.
 

.h.

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These are business men first and foremost, if they invest in Inter they are not going to let that investment go south. This isn’t how people like this usually behave or think like. We aren’t linked to Middle East states where sports washing and soft power come into play, what has been talked about is Arabian investment firms and billionaires very very different scenarios.
Are they? For the most part these are people who've happened to live in an Oil rich state where the cost of production is 20$/barrel so as long as the price of oil is above that, its *really easy* money. These arent business people who have to run on a really tight budget and a very efficient business to make money, they could literally fuck it up completely, throw away half their oil, and still generate billions a year in profit..
 

brehme1989

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Are they? For the most part these are people who've happened to live in an Oil rich state where the cost of production is 20$/barrel so as long as the price of oil is above that, its *really easy* money. These arent business people who have to run on a really tight budget and a very efficient business to make money, they could literally fuck it up completely, throw away half their oil, and still generate billions a year in profit..
Are you assuming that it'd be their first rodeo?
 

SiamoNoi

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We spoend more on salaries + amortisation, than we make as a club.
Pretty sure that's not the case anymore.
Will only be able to judge when we know what Oaktree plans and/if we get new owners and who they are.
Plan is to get new owner. Oaktree will not run a club.
 

Gal

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Are they? For the most part these are people who've happened to live in an Oil rich state where the cost of production is 20$/barrel so as long as the price of oil is above that, its *really easy* money. These arent business people who have to run on a really tight budget and a very efficient business to make money, they could literally fuck it up completely, throw away half their oil, and still generate billions a year in profit..

You do know many of those billionaires tend to have a noticeable stock portfolio, real estate portfolio they are not really that bound on oil alone, many of them have strong link to various holding and investment companies etc.
 

.h.

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You do know many of those billionaires tend to have a noticeable stock portfolio, real estate portfolio they are not really that bound on oil alone, many of them have strong link to various holding and investment companies etc.
right, but buying random parts of small businesses doesnt make you good at running a business... if we want a new owner, for our circusmtances, someone who is rich, but made their backbone growing a small business with hard graft and understands managing opex and capex budgets tightly is the perfect owner for us
 

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Well, the alleged clause that in the case of a default, Oaktree only get back their cash anyway, and any profit goes to Suning would explain the first point.

If they dont want to run a football club - e.g. they dont have the professional managers, etc, ready to put into place, then why would they want to take over the club? They can look at plenty of other disasters in recent football history where equity was destroyed really quickly (hell look at Chelsea) as a reason NOT to

An extension - why not? It doesnt have to be long term, and it can be conditional on the sale of the club. Its no different to, if the clause above is real, a Suning default and then being sold by Oaktree anyway...
I am sorry broski but on this one you are quite wrong. If someone sells you a dollar for 30 cent you take it. Idgaf how mufh you don't want to run it.

And the ft article says its secured against sunings stake in inter.. who tf whould have 1:1 securization
 

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Are they? For the most part these are people who've happened to live in an Oil rich state where the cost of production is 20$/barrel so as long as the price of oil is above that, its *really easy* money. These arent business people who have to run on a really tight budget and a very efficient business to make money, they could literally fuck it up completely, throw away half their oil, and still generate billions a year in profit..
Lmfaaooooo what
 

Jnr

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I’m rather convinced there is a buyer, otherwise Oaktree would never go down this route. They do so because there is a substantial enough gain for them to do so.. I think they would more than gladly negotiate a new deal with Zhang if not so, but playing like this indicates they have a chance of making a quick profit… Don’t be surprised if a deal is already in the drawer


Remember when there were rumours of interested buyers, but they all wanted to wait out if Oaktree gets the controlling stake, because dealing with chinese was very hard
Unrealistic price set.

Now what if these same buyers are already lining up calls to get behind the negotiation table.

What our management have done under extreme financial difficulties under post Covid Suning .

-250M € to -50M€ in 3 years, next year close to 0 hopefully.

7 trophies!

Compare this to Rube. Highest paid coach highest paid squad, most biggest negative balances year after year. 900 000 000M€ capital increases in 4 years to stay afloat.

Amazing job by Beppe and the team. Whoever buys us would make the biggest financial mistake there is to do if they send these gurus away.
 

.h.

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I am sorry broski but on this one you are quite wrong. If someone sells you a dollar for 30 cent you take it. Idgaf how mufh you don't want to run it.

And the ft article says its secured against sunings stake in inter.. who tf whould have 1:1 securization
Thats the point I keep bringing up that you're ignoring

The *rumour* is that the clause requires Oaktree to pay fair value for the 'rest' of Inter - e.g. if the club is assessed fair value, then they'd have to pay the (750-415) cash for the balance of the Zhang shares.

I've never heard of anything like it, but the media were pretty adamant about it earlier in the year, and it would explain by Zhang secured it against their entire Inter stake.


From the Oaktree perspective - its not 1 dollar for 30 cents though, even without that clause. Its 1 zimbabwean dollar for fair FX rate for the equivalent in USD, but its decreasing in value every passing second, and needs you to bring in a bunch of administrators to manage and run. It's more like someone's given you a house in some shithole part of town and you're going to have to fix it, market it, rent/sell it, etc.


We'll find out in 48 hours anyway.
 

.h.

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Lmfaaooooo what
What? That's true bro. The middle east is a fucking license to print money -
1716049674537.png

Thats one of the reasons why they've just splashed money like its meaningless in the last few decades, because they have a massive - and EASY - cash supply.



People who have to work fucking hard to make their money rarely waste it on stupid shit like gold plated lambos, or building stupid fucking islands that no one uses. Its only people who make easy money that do dumb stuff like that.




Look at this from 2019 - fucking Aramco's cost per barrel was $2.8

2.8. Not 28.
 

brehme1989

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People who have to work fucking hard to make their money rarely waste it on stupid shit like gold plated lambos, or building stupid fucking islands that no one uses. Its only people who make easy money that do dumb stuff like that.

Hm, guess we have Arab owners already then
images


Zhang-2.jpeg
 

.h.

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Hm, guess we have Arab owners already then
images


Zhang-2.jpeg
kinda proves my point, Zhang Junior didnt have to go through the blood sweat and tears to make that money himself.

Anyway, any retort to me answering the question where to falsely accused me of ignoring it for years? Inter's total burden on the Oaktree loans is like <15% of the total cost? Or are you just going to ignore that that answer blows your perspective entirely out of the water?
 

CafeCordoba

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You realise the financial stuff is just Inter losing a lot of fucking money, right? Like, they're injecting loads of cash to cover our losses. The club costs more to run than it makes. The rest of it is just noise.
Inter has improved its financial status considerably in the past 3 years, since Zhang took that Oaktree loan. We made like -250m back then, now it is going to be around 1/10th of that. In 3 years!

And next season already, Inter might be able to hit break even. Depending on sporting success, sponsorship deals, player sales and so on.

Another point I want to make and what @.h. has been saying here: Zhangs have been steady owners for the past 3 years. Target has been a self-sufficient club. We're not there yet, but we're close. And at the same time, trophies have come. Plenty of them. How can you really ask for more?

More, in this case, is of course a sugar daddy, who just wants to spend his money on the hobby of owning a football club. Is that some long-term solution? Hell no it isn't.
 

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itd be fun to have a sugar daddy, but all its gonna be is another moratti and in 5? 10? 15? years time we'll be losing billions under the owner again and having to get a thohir 2.0 in to fix that shit

pass, thanks. We dont have to be fully self sufficient, but I want an owner with a focus on improving our finances. Do that + some sugar daddying and I'm super happy.
 

brehme1989

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kinda proves my point, Zhang Junior didnt have to go through the blood sweat and tears to make that money himself.

Yeap, daddy has been kind enough to put him on the board of some enterprise in Italy they don't care about to spend his time with fashion models and football players.

Anyway, any retort to me answering the question where to falsely accused me of ignoring it for years? Inter's total burden on the Oaktree loans is like <15% of the total cost? Or are you just going to ignore that that answer blows your perspective entirely out of the water?

It's actually false information but you're not reading it wrong, it's just not enough info out there. I invite you to have a look at who bought those Inter bonds. Maybe you'll find that Great Horizons sarl no longer is the majority holder but Grant Tower is. Do they have investments?
 

.h.

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What relevance do the bonds have? You're moving the goalposts after I pointed out you were incorrect about inter paying the great horizons interest
 
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