Inter is Suning’s bridge between the East and the West, with company president Jindong Zhang’s statements yesterday only relating to their Chinese operations, Italian media report.
According to a report from today’s paper edition of the Milano based newspaper Gazzetta dello Sport, club president Steven Zhang is looking for a bridge loan of around €200-250 million to help the Nerazzurri find liquidity before the March deadlines come into effect.
The Milanese club are Suning’s powerful advertising vehicle to help them grow a business that has suffered heavily from the effects of the global Covid-19 pandemic.
The Chinese company are not keen on selling shares and prefer to find a financier that would allow them to survive this period whilst still remaining the majority shareholders.
Zhang is negotiating with Bain Capital, a debt fund that could guarantee the money needed to get to the end of the season.
Negotiations with BC Partners is still ongoing, although there is a €200 million difference between their offer for the club and Suning’s requests, which are €950 million.