In the coming months, The Suning group will have complete 100% ownership in Inter and Gazzetta dello Sport explain what this means financially and for those in the boardroom: “Inter need money, Chinese group could bring almost 70 million, very important since in 2015/16 the balance says -50 million. Inter enterprise value is almost 500 million, almost 100 million more than 2013 when Moratti sold to Thohir. Before choosing Inter, in its process of expansion in Europe Suning Group has made a number of preliminary assessments with the assistance also from a London-based fund. Inter is found to be the most cost-effective solution between the clubs in the same band for tradition, catchment area and potential of the brand.Interested in the majority, the Chinese have met Thohir in London in January by launching struck a deal that is now at the final stages”.
“Suning is a giant with 15 billion euro revenue, money is not a problem but it’s not enough: it’s important to chose the right people to relaunch Inter at all levels after the Thohir failure. All his men should leave, like CEO Michael Bolingbroke and corporate director Michael Williamson. Javier Zanetti will remain at his place, like Piero Ausilio and Giovanni Gardini.”
Source: Gazzetta dello Sport