The Suning Commerce Group

Nyall

La Grande Inter
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Good fucking riddance.


We won many of our trophies and achieved what we achieved in spite of Suning not because of them.

Do we really want owners who are either the stupidest people on planet earth or so arrogant to believe that they could just will their way into not honouring their commitments?
 

Cocksman

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Ironic that suning is from the country that brought us Covid 19 and that suning mainly needed the loan to cover expenses during the pandemic. Now they are gone
 

brehme1989

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Zhang and co. really fucked it I guess. Not sure about the payment terms by other potential buyers earlier on but it could had been profitable than being in this situation. 🤔
I said it several times, and someone will definitely pick this post and pin it right next to a very recent one I made in the opposite sentiment, but this is pretty much the caveat of having to deal with the Chinese in business when the alternative is to deal with Americans, even at the risk of getting into a bidding war.

We've had at least 3 offers in the last 12-14 months from some interested parties, but they couldn't get to the deal.

Oaktree on the other hand can gather 20 possible investors who are willing to offer 1 billion and discuss terms with more than 5 of them. In a week...
 

Capo

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Why would they refinance early? Pay the restructuring fee as late as you can and ride out the rate you got when cost of funds were historically low.

Oaktree does not want to operate a football club and they do not want their capital back when they can get a double digit coupon on it via a fairly simple extension/restructuring. This is what they do all day. You guys have no idea how this works, you're all running around like chickens yelling that the sky is falling.

It'll be fine.

They can definitely get an extension. The media has no idea how capital markets work.

I've stated how it works several times in this thread, and it looks like it's going exactly like that.

Tell me again, because I am pretty sure it went exactly how I said it went.
 
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.h.

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FCIN runs the article that Inter is worth more than 1 billion euros, including debts, from the latest report from KPMG...
 

ADRossi

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Tell me again, because I am pretty sure it went exactly how I said it went.
I'm personally shocked by how this went down. I can't believe Zhang didn't sort this out sooner.

But if it's true that he will reap the net profits of the third party assessment or whatever, then I suppose he doesn't care (financially).
 

crzdcolombian

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I'm personally shocked by how this went down. I can't believe Zhang didn't sort this out sooner.

But if it's true that he will reap the net profits of the third party assessment or whatever, then I suppose he doesn't care (financially).

the 3rd party assessment as of when ownership was gained or a different date.

Like if Oaktree does stuff to make us more valuable that shouldn't go to Zhang if this payment isnt done for 1-2 years
 

vex

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Ausilio latest statement: "Not having a very present owners in the last years marotta expertise was fundamental."

Some masks are finally being removed, especially for those who did mathematical equations here on why there were great or even decent owners in the last several years. And as I suspected, marotta and ausilio didn't say shit in the past out of respect and common courtesy.
 

.h.

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I wonder what bit of new information you think that represents
 

vex

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I wonder what bit of new information you think that represents
Mostly that majority of your suning dick sucking on this thread was wrong.
 

.h.

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Mostly that majority of your suning dick sucking on this thread was wrong.
What was wrong? I said Zhang was a hands off owner and his single best decision was to give Marotta leeway..
 

CafeCordoba

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Mostly that majority of your suning dick sucking on this thread was wrong.
Nothing was wrong tbh.

In the last years, they wanted to balance the books. And we improved in that respect every season, including this one.
 
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