Suning’s €1 billion valuation for Inter makes perfect sense, a report in the Italian media explained today.

Milano Finanza’s print edition revealed the Nerazzurri’s owners valued their own 68.55% stake at €400 million, based on the latest financial report submitted by Great Horizon, the Luxembourg-based company through which Suning control Inter.

Suning’s shares at Inter increased in value by €40 million in 2019, meaning they were recorded on the company’s books at €398.7 million.

Inter as a whole would be worth €581.6 million as per this valuation, but the club’s debts takes that figure up to the €1-1.1 billion sum that Suning would demand to sell the Nerazzurri.

Great Horizon had debts worth €321.3 million in 2019, the report revealed, all of which were due to be repaid by the end of the financial year.

A report elsewhere today claimed Inter president Steven Zhang had secured a €250 million loan deal from Bain Capital, which would help Suning cover all the club’s costs until the summer.