Zhang unwilling to leave Inter, as per reports

Zhang unwilling to leave Inter, as per reports

Steven Zhang is unwilling to leave Inter. Zhang is reluctant to sell the Nerazzurri while they are fighting to win the Serie A title. He hopes to find a solution that will enable Suning to continue as owners. As reported by the Tuttosport. The club is in a debt of more than €600. So, Inter will look to secure a loan to help them cover their short-term financial needs. Hence, they are currently speaking to Bain Capital over such a deal. The US-based group are not keen on purchasing shares. But still, they are currently evaluating the club with people who specialize in credit and debt management.

Inter were looking for new bidders as well but no one met Suning’s demands. The Chinese retailers took over the club from Erick Thohir back in 2016.

Zhang unwilling to leave Inter

Zhang unwilling to leave Inter, but talks with BC partners is still on

Suning have an offer on the table from BC Partners to buy the club worth €800 million and a response will have to be given by the end of next week. Tuttosport claims that the Nerazzurri’s majority shareholders would probably try to get more money out of BC Partners during their talks if their plan to obtain a loan fall through. BC Partners’ evaluation for the club remains a bit short of Suning’s €1 billion asking prices, but they could include a series of add-ons to help bridge the gap.

Sunning have announced their “next decade strategy” via Twitter. They said that they have various plans for 2021. They believe that the market will be steady this year. Therefore, sales and profits will rebound. They will focus more on their retail business. A reference from Swiss Ramble states that Inter have spent the highest in Serie A in the last 5 years in transfers. About €352 million in total. This shows Sunning’s commitment to the club.

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