Inter Owners Suning Are Looking To Restructure Their Debt In China, Italian Media Claim

Inter Owners Suning Are Looking To Restructure Their Debt In China, Italian Media Claim
October 14, 2021 13:00
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Inter’s owners are currently in the processing of restructuring the debt that they owe to the Chinese government, according to a report in the Italian media today.

As has been reported by Il Sole 24 Ore, the Chinese government as well as the major Chinese banks are working together to try and restructure the debt that Suning owes, which is thought to be around $2.6 billion.

The bank that would be the most involved in the process would be CITIC but there are also discussions around totally reorganising Suning as a company.

Inter are now Suning Sport’s most important asset so the Chinese government could ask them to sell the club in order to help finance their debts back in China.

This is why rumours of a takeover by the Saudi Arabian Public Investment Fund are still circulating, as Suning could be forced into a sale of the Nerazzurri in the near future.

By Euan Burns

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