The Suning Commerce Group

[.h.]

or something like Tiktok.

 

[Mr-Intermilan]

we need at least, a 5 year
deal,with clauses that can be triggered if inter managed to reach a certain stage in CL
or in the seria A

 

[.h.]

I can see us taking a slightly lower value deal for 2-3 years so that when markets recover, we can 're-tender'. It's also clear that theres potential ownership change on the horizon, and again, if so, a new owner might want to bring in their own sponsor

 

[brehme1989]

New sponsor will be Lionel Messi. Instead of having a logo on the shirt, we'll have Lionel Messi.

 

[.h.]

hey, with Messi we cant pay him much but with the 100k limit on foreign income tax, he could save a fucking packet by signing for Inter!

 

[Il Drago]

Suning: billion-dollar bailout not enough to save Chinese retail group

Alibaba has joined Chinese local government and corporate backers to bail out the country’s biggest bricks-and-mortar retailer. Shares in Suning rose 10 per cent before hitting a daily limit. But it is too early to declare a turning point.

Investors led by the Nanjing state asset management committee and Jiangsu provincial government will take a 17 per cent stake in Suning in exchange for a $1.4bn investment. Chinese appliance and electronics makers Xiaomi, Midea, Haier and TCL Technology are among the backers.

Theoretically, Suning’s plans to expand delivery services from its retail stores and Alibaba, its second-largest shareholder, should help to boost sales in the future.

But Suning needs cash now. The $1.4bn investment is not enough to cover short-term obligations. About $7bn is due within a year.

Suning’s weakness is its dependency on physical retail store sales. It operates more than 8,800 stores, most of which are in China. Expansion has been focused on other physical store chains, including the acquisition of French retailer Carrefour’s Chinese stores and the department store arm of Dalian Wanda Group.

More worrying is the leadership vacuum created by the bailout. Founder Zhang Jindong will no longer be a controlling shareholder after the 17 per cent stake that he and related associates hold is transferred to a state fund. That could impede quick decision-making, especially around asset sales. These are needed if the group is to stay afloat.

Of the assets Suning has to sell, Italian football club Inter Milan should be the first to go. The club is valued at up to €900m and faces financial difficulties of its own. It is a pricey hobby — lost ticket sales amid the pandemic and hundreds of millions of euros needed to recruit top players are a drain. It adds little value to the group’s core business.

Suning’s low valuation may look appealing. Its enterprise value to forward sales ratio stands at just 0.3 times, even after Tuesday’s gains. But until Inter Milan has been sold, the group’s prospects remain ambiguous.

https://www.ft.com/content/38ca264b-f137-48ae-b670-c4d06b9bf6dd

 

[CafeCordoba]

How 0.9bn Inter sale would help their case if they have 9bn of obligations due within a year?

 

[.h.]

Every penny helps. Having Inter, esp as a loss making business, certainly doesnt help.

 

[Harpsabu]

Their decision not to sell a few months ago is even more baffling.

 

[DIN011]

That USA tour promo says “powered by Lenovo” and we already have them as a sponsor. Seeing as all media outlets are saying we’ll unveil the shirt sponsor during the tour I’m pretty sure Lenovo will be our next shirt sponsor.

Apple would be cool as fuck tho, but unrealistic.

 

[brehme1989]

Tik Tok is actually a good shout. And a reason why there's delay.

 

[ADRossi]

https://www.ft.com/content/38ca264b-f137-48ae-b670-c4d06b9bf6dd

This article is horrifying. We're basically owned by the Chinese version of Sears.

I'll put the odds that we're still owned by Suning this time next year at less than 20%.

 

[brehme1989]

This article is horrifying. We're basically owned by the Chinese version of Sears.

I'll put the odds that we're still owned by Suning this time next year at less than 20%.

That's a very optimistic estimation.
For 20% I'd have to consider this for next October.

 

[.h.]

I dont mind being sold, the big question is just who we get sold to. As I'll continue to insist, though, with some financial discipline this club would be profit generating quite quickly.. We'd be there already if it wasnt for Nainggolan, Mario, Dalbert, Lazaro basically (and COVID, now)

 

[pazza moratti]

That USA tour promo says “powered by Lenovo” and we already have them as a sponsor. Seeing as all media outlets are saying we’ll unveil the shirt sponsor during the tour I’m pretty sure Lenovo will be our next shirt sponsor.

Apple would be cool as fuck tho, but unrealistic.

I think Lenovo would look good? But I thought we are getting American owned sponsor and I think Lenovo is Chinese?

 

[William]

Tik Tok is actually a good shout. And a reason why there's delay.

I thought Tik Tok was a Chinese company?

 

[brehme1989]

I thought Tik Tok was a Chinese company?

It's just speculating at this stage. And considering that the source doesn't really know the full details of the deal.

 

[Il Drago]

OFFICIAL STATEMENT FOLLOWING FC INTERNAZIONALE MILANO SHAREHOLDERS' MEETING​

MILAN - The Shareholders' Meeting of F.C. Internazionale Milano S.p.A., which was held today via videoconference, approved the appointments of Carlo Marchetti and Amedeo Carassai as Independent Directors to the Company's Board of Directors. The Shareholders' Meeting also approved, in an extraordinary session, certain amendments to the Company's Bylaws, mainly aimed at changing the number of members and the powers of the Board of Directors, as required to proceed with the appointment of the two new Independent Directors and at reducing certain rights reserved to the qualified minority shareholders.

https://www.inter.it/en/news/2021/07/08/statement-shareholders-meeting-inter.html


I think these are Oaktree guys.

 

[A.l.i]

https://www.inter.it/en/news/2021/07/08/statement-shareholders-meeting-inter.html


I think these are Oaktree guys.

Or new sponsors approval?

 

[CafeCordoba]

Yes those are Oaktree guys.