It is not only Inter who have enjoyed a significant increase in revenue’s since Suning took over in 2016 with the Chinese company also experiencing an increase Gazzetta dello Sport detail
“Suning’s turnover is $63 billion more than the GDP of countries like Uzbekistan, Oman and Kenya. In 1990, while Inter built the team that later won the UEFA Cup at the end of the season, Suning sold their first air conditioners in Nanjing, but even Jindong Zhang, couldn’t have imagined this. The $63 billion turnover in 2018 is $15 billion more than the turnover of Suning in 2016, the year they arrived at Inter.”
Gazzetta then took a look at Inter’s increase in revenues.
“Suning have invested approximately €530 million in the club between increases in capital and various loans while losses have been reduced to €17.8 million based off the balance sheet data as of 30 June 2018.
“Sporting director Ausilio had to reach the capital gains goal by exploiting the sales of the Primavera players, but on the whole Inter should be considered as growing. Thohir brought together revenues of €207 million, which last year stood at €274m and now it is close to €300 million – excluding capital gains. This figure will be confirmed at the shareholders meeting.
“The change of pace was mainly on the Asian market , where Inter has entrusted the search for sponsors to some marketing agencies. Looking forward, however, the idea of Zhang is to replicate what was done in Italy, where it was decided to renounce the help of Infront to personally manage the negotiations with the partners.”
The Milan based newspaper also detail that negotiations between Suning and Erick Thohir over exiting the club are at the final stage. Once the Indonesian departs, Steven Zhang can become president and Inter will move on to the next stage.
