Inter President Steven Zhang has confirmed that Suning are not interested in selling the club.
This according to today’s print edition of Milan-based newspaper Gazzetta dello Sport, who report that the President reiterated yesterday during a shareholders meeting that he and the company have no plans to divest significantly from the club.
This comes amid rumours and speculation that the financial problems around parent company Suning.com could cause them to have to sell major assets, with the Nerazzurri thought to be a property in particular whose sale could generate much-needed cash for the company.
At the shareholders meeting, a major development was the raising of the threshold for the amount of shares necessary to constitute a qualified minority shareholder, from 10% to 35%.
Zhang-linked LionRock currently hold 31% of shares at the club, and the effect of the new bylaw is that Zhang and LionRock would no longer qualify for the status.
However, amid this uncertainty, the Inter President has emphasized that he and Suning have no plans to relinquish their ownership and put the club up for sale.