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1. www.ft.com › content › 2efb0fa3-0bcd-4400-a235-4cSuning plans $2.5bn stake sale in bid to strengthen finances

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   Feb 25, 2021 · Suning, China’s biggest bricks and mortar retail group and the owner of Italian football club Inter Milan, plans to sell an up to $2.5bn stake in one of its subsidiaries in a bid to fortify its...

2. apnews.com › chinese-company-suning-buys-majorityChinese company Suning buys majority stake in Inter Milan

   apnews.com › chinese-company-suning-buys-majority

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   Jun 6, 2016 · NANJING, China (AP) — Retail giant Suning has bought a majority stake in Inter Milan, marking the latest entry into the European soccer market by cash-rich Chinese firms. The announcement was made by company chairman Zhang Jindong at a glitzy news conference Monday in the eastern city of Nanjing.

3. fortune.com › asia › 2024/05/27Suning's loss of Inter Milan caps China's failure to dominate ...

   fortune.com › asia › 2024/05/27

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   May 27, 2024 · On Wednesday, the U.S.-based asset management firm Oaktree Capital took ove r the Italian soccer club Inter Milan after its Chinese owner, Suning Holding Group, failed to repay a 395 million...

   • Author: Lionel Lim

4. apnews.com › article › inter-suning-oaktree-ownersAmerican fund Oaktree takes over Serie A champion Inter after ...

   apnews.com › article › inter-suning-oaktree-owners

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   May 22, 2024 · American fund Oaktree has officially become the new owner of Serie A champion Inter Milan. It brings an end to Suning and Steven Zhang’s eight years at the helm.

5. www.ft.com › content › 7fdc9a56-75c9-4101-b5c5-bf827Inter Milan owner seeks $200m in emergency finance

   www.ft.com › content › 7fdc9a56-75c9-4101-b5c5-bf827

   Feb 4, 2021 · Suning Holdings, the retail conglomerate that owns a majority stake in the Serie A team, is seeking new investment by the end of the year in response to a financial crisis at the club,...

   • Author: Silvia Sciorilli Borrelli

6. www.caixinglobal.com › 2024/05/20 › inter-milanInter Milan Faces Financial Jeopardy if Owner Suning Fails to ...

   www.caixinglobal.com › 2024/05/20 › inter-milan

   May 20, 2024 · Suning, which owns a 68.55% stake of Inter Milan, has until Monday to repay some 350 million euros ($380 million) including 275 million euros in principal and 75 million euros in interest owed to distressed debt investor Oaktree Capital Management LP, one creditor told Caixin.

7. People also ask

   Who owns Suning?

   • Zhang founded Suning in 1990 as a home appliances retailer, but the group rapidly expanded into a conglomerate with scores of related companies and subsidiaries. Its interests now extend beyond consumer retail into property and technology. In 2016 it paid €270m for Inter Milan, one of Italy’s most prestigious football clubs.

   Suning plans $2.5bn stake sale in bid to strengthen finances

   www.ft.com/content/2efb0fa3-0bcd-4400-a235-4c545089344f

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   Will Suning sell a stake if Inter Milan goes bankrupt?

   • Some of those with knowledge of the talks added that Suning was believed to be far likelier to sell an equity stake, even if that means taking a loss on its investment, rather than allowing the club to go bankrupt altogether. Inter Milan is led by president Steven Zhang, the 29-year-old son of Zhang Jindong, Suning’s billionaire founder.

   Inter Milan owner seeks $200m in emergency finance - Financial Times

   www.ft.com/content/7fdc9a56-75c9-4101-b5c5-bf827a0e7b1d

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   Does Suning owe 380 million euros to Oaktree Capital Management LP?

   • Suning, which owns a 68.55% stake of Inter Milan, has until Monday to repay some 350 million euros ($380 million) including 275 million euros in principal and 75 million euros in interest owed to distressed debt investor Oaktree Capital Management LP, one creditor told Caixin.

   Inter Milan Faces Financial Jeopardy if Owner Suning Fails to Repay Nea…

   www.caixinglobal.com/2024-05-20/inter-milan-faces-financial-jeopardy-if-owner-suning-fails-to-repay-nearly-380-million-102198375.html

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   Why is Suning seeking new investment in Serie A?

   • Suning Holdings, the retail conglomerate that owns a majority stake in the Serie A team, is seeking new investment by the end of the year in response to a financial crisis at the club, according to three people familiar with its finances.

   Inter Milan owner seeks $200m in emergency finance - Financial Times

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   Where is Suning based?

   • Suning’s logistics base in Nanjing, China. The company was founded in 1990 as a home appliances retailer, but rapidly expanded into a conglomerate with scores of related companies and subsidiaries © REUTERS Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.

   Suning plans $2.5bn stake sale in bid to strengthen finances

   www.ft.com/content/2efb0fa3-0bcd-4400-a235-4c545089344f

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   How much is Suning a billionaire worth?

   • The one-time billionaire was worth about $6 billion when his company bought Inter Milan in 2016, according to Bloomberg calculations. It’s now close to zero. Suning made its name in retail, selling electronic appliances in thousands of brick-and-mortar outlets.

   Suning's loss of Inter Milan caps China's failure to dominate soccer | For…

   fortune.com/asia/2024/05/27/suning-loses-control-inter-milan-oaktree-china-soccer-football-failure-dominate-sport/

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8. www.sportingnews.com › uk › footballWho owns Inter Milan? How much Chinese company Suning paid ...

   www.sportingnews.com › uk › football

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   Jun 10, 2023 · Who owns Inter Milan? Chinese Suning Holdings Group is the current majority stakeholder and owner of Inter Milan after securing a deal to purchase 68.5% of the club in 2016.