Suning Group's sale of Inter Milan, after the "Roma Sport" first disclosed it, many Italian media have been following up. Since the entire incident is currently fermenting in Italy, the Chinese media can hardly get any clues of exclusive insider information, but the Italian media have continuously analyzed and broke the news.
Yesterday to today, "Roma Sport", "Gazzetta dello Sport" and other media have published an interview with Inter Milan General Manager Marotta. Marotta revealed two main signals in the interview:
1. Suning is evaluating all possibilities;
2. Suning’s decision will respect the status quo and history of Inter Milan.
To be straightforward, Suning definitely wants to sell Inter Milan, but hopes to find a good buyer. In today's professional football capital market, this idea is obviously a bit wishful thinking. After all, when rich Chinese capital and oil capital are unwilling to sell, there is no real good buyer.
In addition to the "Roma Sport", "Gazzetta dello Sport" and other media, football-italia, sempreinter.com and other media began to follow up, which analyzed several issues:
1. BC Partners is indeed seriously evaluating the acquisition of Inter Milan The acquisition plan is very proactive, that is to say, they believe that now is a good time to "rip off" and must seize the opportunity; the reporter of "Sports Weekly" analyzed directly compared cold-blooded bargaining capital to a vulture.
2. If BC Partners really wants to acquire a majority stake, it will take a few months to complete; and Suning's application for the postponement of the salary of Inter players is also waiting for the completion of the acquisition plan.
3. The biggest difference between the two parties now lies in price. Suning still hopes to stick to a valuation of around 1 billion euros, but the price given by BC Partners is still around 750 million, and it is a purchase price of around 400 million + 350 million in debt. Why does
BC Partners insist on lowering prices? Because they never wanted to operate Inter Milan as a century-old shop that regained its glory, they just wanted to take advantage of the financial crisis of Suning Group to eat fast food. If
can get close to 70% of Inter Milan at a price of about 750 million, they can reissue new bonds after repaying all their debts in 2022, which will be used for transfer operations in the following seasons. This will be the same as Suning just now. The method when taking over Inter Milan was very similar. Use the new bond funds to activate the team, try to bring good results, and then package and sell, complete all operations within a few years.
considers that they are the most proactive bidders in the market, and Suning urgently needs money and get rid of the burden. sempreinter.com disclosed that Inter Milan will hold a special meeting, and Suning chairman Zhang Jindong will Participate in the whole process of conference call to make a decision.
Suning now has more options? The answer is probably no.
Since taking over the Inter Milan club, Suning has invested hugely, but the situation has not been ideal for several consecutive seasons. Either he could not enter the Champions League league, or he was eliminated in the Champions League group stage, which caused great losses for the team. Not only did it lose huge box office earnings and Champions League promotion bonuses, but it also made the team's reputation never improved. Instead, there has been a trend of continuous regression.
Under this situation, coupled with the harsh environment last year to this year, Suning has been unable to use any method to whitewash Inter Milan's financial statements. Under the huge loss, the heavy pressure makes it difficult for them to cope.
What will be the result of today's special meeting? There is a high probability that there will be no results. After all, negotiation cannot be achieved in a day or two. However, judging from the ambitions of the media such as "Roma Sport" in recent times, the vulture BC Partners is aggressively exerting pressure on Suning, and time is still Suning's biggest enemy.
