Suning Sale Rumours Indicate Company Will Sell Inter Too, Financial Reporter Argues

Suning Sale Rumours Indicate Company Will Sell Inter Too, Financial Reporter Argues
February 25, 2021 19:30
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Rumours of Suning selling shares in the company suggest that they will also sell Inter, according to a leading Italian journalist and football finance expert.

The Chinese e-commerce giants are suffering from a real lack of liquidity and rumours have surfaced today that they have put between 20-25% of Suning.com up for sale in a bid to raise funds.

As per Il Sole 24 Ore journalist Festa, this could also be a sign of the Chinese companies intentions when it comes to Inter.

In a response to a question from a Twitter follower today, Festa said: “If Suning really sell 25% of their company, I believe the money will be used by their holding company to repay various debts.

“In any case, whether it’s private groups who enter or even more so if the Chinese government gets involved, the message is clear: sell everything that can be sold, meaning Inter as well.”

According to a report from Gazzetta dello Sport this evening, Suning’s trading has been suspended on the Shenzhen stock exchange as people await further news on the company’s future.

Suning are reportedly considering selling control of their company to Jack Ma, raising further speculation that their days at Inter are numbered.

Chinese journalist Yuan Bi explained today that the final decision with regard to the Nerazzurri lay with Zhang Jindong himself.

By Cammy Anderson

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