The Suning Commerce Group

[pupivn]

I know Jiangsu but who are the other team?

A certain black and blue one?

 

[dor83]

A certain black and blue one?

Inter aren't in financial ruin and if anything the finances improved under Suning so either the original poster was thinking of another club or it was an incorrect statement. I asked the question genuinely by the way, I don't know much about Suning so there could be another club they owned.

 

[ADRossi]

Inter aren't in financial ruin and if anything the finances improved under Suning so either the original poster was thinking of another club or it was an incorrect statement. I asked the question genuinely by the way, I don't know much about Suning so there could be another club they owned.

I'm referencing them literally having the club repossessed because they defaulted on their debt they're 0/2 financially.

 

[.h.]

tbf dont think you can exactly say they've led *inter* to financial ruin. themselves, sure, but the outcome for us as a football club has been pretty good so far

i do also appreciate im taking a joke overly literal

 

[dor83]

I'm referencing them literally having the club repossessed because they defaulted on their debt they're 0/2 financially.

In fairness, that was a loan to Suning and not Inter, the club was just collateral. They left the club closer to break even than it has been in decades, much improved on when they took over, so not financial ruin in any way really.

 

[ADRossi]

In fairness, that was a loan to Suning and not Inter, the club was just collateral. They left the club closer to break even than it has been in decades, much improved on when they took over, so not financial ruin in any way really.

What are you going on about? Suning has owned two football teams as investments. The first shut down after bankruptcy. The second was repossessed from them because they couldn't afford to own it without predatory debt financing. I'll let you take an educated guess on how the third goes.

 

[.h.]

What are you going on about? Suning has owned two football teams as investments. The first shut down after bankruptcy. The second was repossessed from them because they couldn't afford to own it without predatory debt financing. I'll let you take an educated guess on how the third goes.

inter is hardly in financial ruin though?

 

[ADRossi]

inter is hardly in financial ruin though?

You're voluntarily choosing to get your panties in a bunch over the wording choice of an obvious joke because you feel the need to rush to Suning's defense as their white knight. Enjoy your day.

 

[.h.]

i like my jokes factually accurate

 

[dor83]

What are you going on about? Suning has owned two football teams as investments. The first shut down after bankruptcy. The second was repossessed from them because they couldn't afford to own it without predatory debt financing. I'll let you take an educated guess on how the third goes.

Them not being able to afford to keep it is very different to the club being run badly, under them the club improved it's financial situation, they started to actually work on the issues left by previous owners. There was plenty to criticise Suning for during their time as owners, but the clubs finances were actually worse when they took over than when the left.

 

[ADRossi]

Them not being able to afford to keep it is very different to the club being run badly, under them the club improved it's financial situation, they started to actually work on the issues left by previous owners. There was plenty to criticise Suning for during their time as owners, but the clubs finances were actually worse when they took over than when the left.

Dude, THEIR INVESTMENT ended up in financial ruin. Do you need me to go back and edit my post to include the words, or are you going to continue to be intentionally obtuse to make a point?

 

[dor83]

Dude, THEIR INVESTMENT ended up in financial ruin. Do you need me to go back and edit my post to include the words, or are you going to continue to be intentionally obtuse to make a point?

Ok mate, wasn't trying to antagonise anyone, just having a discussion.

 

[Darth_Ausilio]

I'm referencing them literally having the club repossessed because they defaulted on their debt they're 0/2 financially.

To quote Sun Tzu “third time lucky”.

 

[DARi0]

It would seemingly include the purchase of the Portimao sporting complex and the training centre for the Under-23 team.

However, the process would take up to 12 months to finalise, so they hope to have a deal done by 2025.

Portimonense currently play in the Portuguese second division, as they were relegated at the end of last season, finishing 16th out of 18 teams.

We will finally have a satellite club in Portugal

 

[brehme1989]

Someone's trying to get an EU passport

 

[ADRossi]

Someone's trying to get an EU passport

This is exactly it.

 

[.h.]

arent there FAR FAR cheaper ways to get EU passports?

Italy

Italy's Golden Visa programme. Invest from €250,000. European residency through investment. La Vida Golden Visas. Read more.

www.goldenvisas.com

even in Portugal, you can get an EU passport https://www.goldenvisas.com/portuga...rLOMgTMY0aOp81jPcsQ4EIag6vek5SxoaAmwNEALw_wcB

Greece

Get advice on the Greek Golden Visa. See our real estate portfolio qualifying for the Golden Visa in Greece. La Vida Golden Visas.

www.goldenvisas.com

no?

 

[brehme1989]

arent there FAR FAR cheaper ways to get EU passports?

Italy

Italy's Golden Visa programme. Invest from €250,000. European residency through investment. La Vida Golden Visas. Read more.

www.goldenvisas.com

even in Portugal, you can get an EU passport https://www.goldenvisas.com/portuga...rLOMgTMY0aOp81jPcsQ4EIag6vek5SxoaAmwNEALw_wcB

Greece

Get advice on the Greek Golden Visa. See our real estate portfolio qualifying for the Golden Visa in Greece. La Vida Golden Visas.

www.goldenvisas.com

no?

Golden visa ≠ passport

Portugal hands you a citizenship just by showing up for a few days every year or something as an investor.