Speculations concerning Inter’s sale intensify as the club’s owner Zhang Jindong has claimed Suning will cut down investments ‘irrelevant to retail business.’
Suning are reportedly looking to sell a majority stake in the club with BC Partners who have been in talks to acquire the Serie A giants although the British fund and Suning have not yet reached an agreement over the club's worth.
Speculations concerning Inter’s sale intensify as the club’s owner Zhang Jindong has claimed Suning will cut down investments ‘irrelevant to retail business.’
Suning are reportedly looking to sell a majority stake in the club with BC Partners who have been in talks to acquire the Serie A giants although the British fund and Suning have not yet reached an agreement over the club's worth.
Speculations concerning the future of the club intensify after a statement released by Zhang Jindong today.
"We should focus our main battlefield, initiate subtraction, redraw the battle line. We will focus on retail business resolutely, close and cut down our business irrelevant to retail business without hesitation," the Inter owner claimed.
Suning are reportedly negotiating with Bain Capital to refinance the current debt of €400m and for a further loan of €200m in order to reach the end of the season.
Zhang Jindong, the owner of Suning Group, made a speech today "We should focus our main battlefield, initiate subtraction, redraw the battle line. We will focus on retail business resolutely, close and cut down our business irrelevant to retail business without hesitation" pic.twitter.com/LLLYGpXvaF
— Titan Sports Plus (@titan_plus) February 19, 2021