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Never anyone like Suning: 700 mln in Inter in 3 years. This is how the assault on Juve started

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A commitment that was immediately full-bodied and 'overpowering', a relentless face aimed at making Inter as soon as possible one of the world's largest clubs. As confirmed by the Gazzetta dello Sport, no new property in the history of Italian football has ever invested so much money in a company as done by Suning in the Nerazzurri club. Because the amount put into the Nerazzurri cash since June 2016 is really impressive, or 700 million euros: Steven Zhang in Prague " The 700 million are inclusive of the purchase of the old shareholders held by Thohir and Moratti, for an outlay of 128 million. At the same time, in June 2016, the holding company of the Zhang family proceeded to a capital increase by 142 million restoring the balance sheet of the Nerazzurri club: the enforceability of accounts and budgeting for purchase campaigns continued through a series of loans, in several tranches, of 40, 177 and 119 million respectively, of which 145 subsequently converted into capital accounts. The last injection of money, in terms of financing, dates back to the 2017-18 season. In the 2018-19 financial year, closed by Inter at a loss of 48 million and with a record turnover (net of capital gains) of 377 million, no contributions were made necessary by the shareholder, "writes gazzetta.it. COMMERCIAL CONTRACTS – But it is certainly not over here: " However, Suning's commitment continued through the proceeds of commercial contracts. It started in 2016-17 with 44 million for the name of sports centers, sponsorship of training uniforms and the co-branding on the Asian territory of products, plus 12 million for the rights of the academies in China, the sharing of technical and professional personnel and the sale of the rights of the thematic channel in China to PPTV. 2017-18, up to 36 last season. So far Inter has collected 131 million from commercial contracts with Suning, not counting the activation of those Asian partnerships with other companies ". (Source: gazzetta.it)

The post Never anyone like Suning: 700 mln in Inter in 3 years. This is how the assault on Juve appeared first on FC Inter 1908.

Tom "math" Otis
Freelance writer and translator, digital surfer, neroazzurro

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