Suning are in an infinitely stronger position at Inter thanks to their involvement in Europe’s new Super League, according to a report in the Italian media today.
The Nerazzurri announced on Sunday night that they were one of 12 leading European clubs to have joined the new franchise as founding members, with matches expected to start ‘as soon as practicable’ (possibly next season).
Tuttosport’s print edition said Suning’s position had ‘completely changed’ following this news, with Inter’s revenue set to increase by a net €200 million just by joining the Super League.
Inter’s involvement in the Super League could even convince China’s government to relax their restrictions on investment into football, which led to speculation Suning could sell the club earlier this year.
Suning have been playing for time in recent weeks as they looked to resolve Inter’s ongoing financial problems, and the Turin-based paper said it now made sense why they were doing that, knowing this announcement was round the corner.
Inter were always valued at €1 billion by the Chinese retail giant during their negotiations with BC Partners, who thought the club was only worth €800 million – and now Inter really could reach that valuation.
TS said Inter could also use JP Morgan’s involvement in the new Super League to help them renegotiate some of their debt, with the American bank having played a key role in the issuing of a €75 million bond last year.