Suning Planning ‘Complex & Risky’ Loan Move To Remain Inter Owners, Italian Media Explain

Suning Planning ‘Complex & Risky’ Loan Move To Remain Inter Owners, Italian Media Explain
April 9, 2021 13:00
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Suning have devised a two-step plan to remain as Inter’s owners into next season, according to a report in the Italian media.

Il Sole 24 Ore‘s online edition revealed the Nerazzurri’s majority shareholders were seeking a bridge loan worth €50 million, which would help them respect all their payment deadlines between now and the summer.

Suning would be able to enjoy Inter’s likely Serie A title success before turning their attention to the search for a new minority shareholder.

Inter’s owners are considering selling off LionRock Capital’s 31.05% stake to new investors, while remaining in charge of the club.

Steven Zhang and his right-hand man Simon Yang have been discussing Suning’s options for several weeks with Goldman Sachs, who are assisting the Chinese retail giant in a bid to solve their financial issues.

Suning’s plan to stay in charge of Inter was described as ‘complex and risky’ by this report, but it would enable them to stay at the helm until the end of the season and beyond.

By Will Beckman

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