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Inter's 350 million euro loan deadline is approaching, will Zhang Jindong help his son repay his debts?

author:The financial little fool

Recently, Zhang Kangyang, chairman of Inter Milan Club, has become popular again. On February 4, Miami International and the Hong Kong Stars team played an exhibition match at the Hong Kong Stadium, and Messi did not play because of his injury, which caused dissatisfaction among the fans at the scene. Huo Qigang said: It is regrettable that the careful arrangements we prepared for the arrival of the team were trampled on. "On the day of the game, I happened to be in Italy for a cultural expedition and was unable to attend the game in Hong Kong. However, during the visit, I was invited by the CEO of Inter Milan to watch the game, and I also kindly invited their team to consider visiting Hong Kong for exchanges, hoping that fans will have the opportunity to enjoy the style of the 'Inter Milan' team in the future. ”

Subsequently, Zhang Kangyang, vice president of Suning Holding Group and chairman of Inter Milan Football Club, forwarded the article and said, "Inter Milan China Tour!

Inter's 350 million euro loan deadline is approaching, will Zhang Jindong help his son repay his debts?

In June 2016, Suning Group announced the completion of the acquisition of Inter. After two years, Inter Milan Football Club officially announced that the 27-year-old Zhang Kangyang became the new chairman and the youngest chairman in the club's history. Since taking over, the Nerazzurri have enjoyed a good record, winning one Serie A title, two Coppa Italia titles and two Italian Super Cups. At three o'clock in the morning on June 11, 2023, the final of the 2022-2023 UEFA Champions League (referred to as the "Champions League") officially began, and Inter Milan finally lost 0:1 to Manchester City and won the runner-up.

Inter's 350 million euro loan deadline is approaching, will Zhang Jindong help his son repay his debts?

Although Inter Milan has won one honor after another under the leadership of Zhang Kangyang, it cannot hide the embarrassing dilemma of Inter Milan's losses every year, with a cumulative loss of 639.1 million euros in six consecutive seasons. In the 2017-18 season, Inter Milan's operating income was 347 million euros, with a loss of 17.7 million euros, and then the loss increased year after year, peaking in the 2020-21 season, with a terrifying loss of 240 million euros. Even in the 2022-23 season, Inter Milan's operating income: 425 million euros, a loss of 85 million euros, and 6 consecutive seasons of losses, Inter Milan club is simply a gold eater.

Inter's 350 million euro loan deadline is approaching, will Zhang Jindong help his son repay his debts?

At present, Zhang Kangyang has two large loans to repay, and the accumulated debt is as high as 650 million euros. One is in 2020, Suning Xiaodian in the construction bank financing loan of 250 million US dollars, Zhang Kangyang for the loan guarantee, the loan maturity time is September 10, 2021, the loan so far Zhang Kangyang has to pay a total of 300 million euros, the other is in May 2021, Zhang Kangyang to the United States Oaktree Capital loan of 275 million euros, the interest rate is 12%, the loan maturity is May 20, 2024, the loan maturity Zhang Kangyang has to pay a total of 350 million euros.

Inter's 350 million euro loan deadline is approaching, will Zhang Jindong help his son repay his debts?

Seeing that there are only a little more than 3 months left until May 20, 2024, Zhang Kangyang personally wants to come up with 350 million euros, which is estimated to be more difficult than ascending to the sky, after all, Zhang Kangyang has lost 600 million euros in the years he has been the chairman of Inter, and many of the holes are filled by Suning. Even in 2023, Suning Tesco will have a net loss of 4.15 billion yuan to 5.45 billion yuan after deducting non-profits, and Suning has not tasted profitability for many years. Before the crisis broke out in full swing in 2020, Suning Tesco had actually accumulated losses of more than 20 billion yuan.

Inter's 350 million euro loan deadline is approaching, will Zhang Jindong help his son repay his debts?

The deadline for Inter's 350 million euro loan is approaching, will Zhang Jindong help his son repay his debts? Xu Jiayin's 20 billion yuan directly detonated Suning's debt crisis, resulting in Suning's Tesco business shrinking in the past few years, and it was forced to sell high-quality assets to repay debts. It is impossible for Suning to come up with money to continue to renew the life of the Inter club, but Zhang Jindong is the richest man after all, and he still has a lot of savings. It should not be difficult to come up with 350 million euros, and now thanks to the excellent operation and management of Inter Milan FC, the situation is improving in all aspects, advertising revenue, ticket revenue, Champions League revenue and other aspects of income have increased significantly, and the team's new stadium plan has also been launched, Inter Milan may achieve profitability for the first time this season.

Inter's 350 million euro loan deadline is approaching, will Zhang Jindong help his son repay his debts?

The deadline for Inter's 350 million euro loan is approaching, will Zhang Jindong help his son repay his debts? What do you think about this matter? Everyone is welcome to discuss with each other in the message area.

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