Inter Owners Suning Could Sell Company Shares To Ease Financial Problems, Chinese Media Report

Inter Owners Suning Could Sell Company Shares To Ease Financial Problems, Chinese Media Report
February 25, 2021 14:40
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Inter’s owners Suning are considering selling shares in their company to raise funds, according to a report in the Chinese media today.

As per Sohu.com, via FCINter1908.it, chairman Zhang Jindong is prepared to sell a stake of around 20-25% in the company to combat Suning’s ongoing financial troubles.

Given that this is quite a large stake to be putting on the market, the report explained that this would probably lead to Suning selling off control of the company altogether.

Matters are still currently in the planning stage and are subject to approval from the relevant authorities.

Some rumours have suggested 19.99% of Suning.com, valued at around €12.7 billion, could be purchased by China’s government directly.

It is unclear if or how this could impact Inter at all given Suning own the Nerazzurri.

There is no shortage of speculation regarding Zhang Jindong’s plans for Inter, with reports this week claiming they are seeking a loan to help meet the club’s impending financial deadlines.

Suning are also thought to be considering their other club, Jiangsu FC, who could reportedly go bankrupt if new owners aren’t secured by April.

By Cammy Anderson