Inter owners Suning have responded to rumours that the company’s subsidiary Suning Real Estate will have to declare bankruptcy soon, branding the rumours as misinformation and threatening legal action.

The company called the rumours baseless and stated that anyone who should continue to state the rumours as true would be subject to legal action on their official page on Chinese social media platform Weibo, as reported by FCInterNews.

The rumours had been circulating for several hours before the post was made that Suning Real Estate would declare bankruptcy on July 2, forcing the company to take action.

In the post they describe any rumours of bankruptcy as “fake news” and make clear that there is no basis for the rumour despite the known financial problems faced by the company.

The post clarifies a situation which could have many Inter fans wondering about the future of the Nerazzurri, making clear that the club’s owner is not going to have to declare bankruptcy for one of their major assets.