Goodbye Inter Milan, American capital gave up 100 million euros, with 375 million IOUs, forced Gong Zhang Kangyang to leave
According to the Italian "La Repubblica", "Courier" and other media broke the news, at present, Inter Milan Chairman Zhang Kangyang is really caught in a dangerous business trap, as the last Chinese-funded enterprise to hold the European giants club, Suning Group may be in the trap of American capital, will lose the Serie A giant Inter Milan.
Suning Group officially accepted Inter Milan in 2018, when Evergrande had not yet thundered, and the new crown epidemic had not broken out. Now more than 5 years have passed, and from a competitive point of view, Suning can be said to have fully fulfilled its promise, leading Inter Milan to win the Serie A championship twice, the Champions League final and the Europa League final first. Inter Milan, both in terms of team strength and club fame, has returned to the point of being strong in the five major leagues.
However, compared with the smooth sailing at the competitive level, Suning Group's own operation has serious problems. First, Evergrande's thunderstorm caused Suning to lose 20 billion yuan of liquidity for no reason, and then Ant Financial delayed its listing, which made Suning's tens of billions of investment income fall short. When the new crown epidemic swept across the country, all offline stores were closed for rectification, and Suning Electric, which was already affected by Internet e-commerce, completely fell into a quagmire. Today, only Suning Finance and Suning Property are still profitable. Suning Networks has been sold to Alibaba, and Suning Electric has been taken over by the State-owned Assets Supervision and Administration Commission of Jiangsu.
And in Italy, when the epidemic ravaged Europe, the giants were also in financial trouble. With the support of the parent company, Juventus relied on the 400 million capital injection of the Fiat Group to get through, while AC Milan relied on the Elliott consortium to strip off the debt when it was sold, which left the Redbird consortium with a financially healthy club. As for Inter, whose parent company is also in trouble, it can only survive temporarily by relying on mortgages, when Inter chairman Zhang Kangyang applied for a loan of 275 million euros with an interest rate of 15% like the American Oak Group, and the pledge was Inter's equity. In retrospect, the loan looked more like a trap.
In fact, Inter only used 150 million of the 275 million euros loan, and the rest of the debt has been filled by the sale of Lukaku, Achraf, Onana and other players. But for Inter President Zhang Kangyang, he fell into a situation of losing all because of this loan.
As early as December last year, because of the repayment of the loan, Zhang Kangyang communicated with Oaktree Group, and the two parties reached a verbal intention to repay the interest for 3 years first and postpone the payment of 275 million principal until 2027. Who knows, just 4 months later, Oaktree Group completely overturned this possibility and demanded that Zhang Kangyang must fully return the interest and principal, otherwise he will take away all the shares he pledged to Inter. Obviously, at that time, the American capital used a delaying tactic in order to delay the time, and now there are only 2 months left before the repayment deadline, and it is too late for Zhang Kangyang to find a source of funds.
Of course, it is not yet known who will die in this specific business war between Chinese capital and American capital in the field of football. Perhaps it was Suning and Zhang Kangyang who found the funds and successfully turned around and kept Inter. It may also be that the Oak Group is taking steps to complete the shocking encroachment on Inter. The specific results will be known in 2 months.