Reuters bring the details of the Suning Commerce Group‘s 68.55% takeover of Inter. The Chinese have acquired the shares for 270 million euros, the biggest ever takeover of a European club by a Chinese based company.
Source: Reuters
Reuters: Suning acquire 68.55% for 270m euros
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It’s actually over 600 million. Cost plus debt.
Its 270Mil + 400mil debt being payed.
Source? If this is true, Inter went from ~40% debt to 0 in one transaction, which would mean the FFP obligations that the team has, have to be renewed.
Yep, that 700 mil price tag did seem waaaay too exaggerated. Welcome to reality. Sad reality :/
700 million was the real price, give or take
only 270m?