Inter Remain Strategically Important To Suning Unlike Jiangsu FC, Italian Broadcaster Reports

Inter Remain Strategically Important To Suning Unlike Jiangsu FC, Italian Broadcaster Reports
March 1, 2021 15:00
( )

Inter fans have no reason to worry about Suning’s decision to close down Jiangsu FC, according to an Italian broadcaster’s report this afternoon.

As per Sky Sport Italia, Suning ceased operations with the Chinese Super League side because they no longer considered Jiangsu FC to be part of their strategic plans.

The same cannot be said for Inter, however, as the Nerazzurri remain an asset of strategic significance for the Zhang family.

Inter are suffering from a real lack of liquidity and Suning have had an offer from BC Partners, but they are not keen on the proposal from the British-based private equity fund.

Suning have completed an important transaction in the last few days, selling 23% of their shares in Suning.com for nearly €2 billion.

15% of the proceeds can be transferred to Suning Holdings, the parent company of Inter, to help the club meet its upcoming payment deadlines.

Sky’s report went on to explain that BC Partners remain interested in buying into Inter and that developments are expected in the coming weeks.

By Cammy Anderson
Close

Subscribe

to our newsletter