Suning Want To Continue Investing At Inter After Financial Situation Improves, Italian Media Report

Suning Want To Continue Investing At Inter After Financial Situation Improves, Italian Media Report
February 23, 2021 20:00
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Inter’s owners Suning are still hopeful they can resume investing into the Nerazzurri eventually, according to an Italian media report tonight.

Suning have held a majority stake at Inter since 2016, but the COVID-19 pandemic coupled with Chinese government restrictions have made it almost impossible for them to put any more money into the club.

As per Gazzetta dello Sport‘s online edition, the Chinese retail giant hopes to continue investing at Inter once their financial situation improves, but a sale most certainly cannot be ruled out.

At the moment, though, the only offer on the table has come from BC Partners, a proposal Suning have decided is unsatisfactory.

Inter president Steven Zhang is seeking a short-term loan to help Suning meet the Nerazzurri’s various financial deadlines in March and April, the report continued, as an alternative to relinquishing control of the club.

Suning would then be able to plan Inter’s future from a stronger position, perhaps giving them a greater bargaining hand in negotiations with interested parties.

It is not just Inter who could undergo an ownership change in the near future, with a report in China earlier revealing Suning were also looking to sell their other club Jiangsu FC.

Another report suggested Suning could attempt to remain owners at Inter, though, if Antonio Conte’s side win the Serie A title this season.

 

By Cammy Anderson

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