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Suning Group and Inter’s ticking time bomb

PA Images | Zhang Jindong, founder and chairman of Suning Group. After his speech on Friday it just seems like a matter of time before he is no longer the majority owner of Inter Milan.

Inter Milan’s Chinese owners face domestic turmoil and government crackdown as they seek €200 million emergency funding.

On the surface, society is back to normal in China, but statistics reveal that retail, the core-business of Suning, is bleeding.

Suning face a number of key deadlines in race to support Inter.

Two €375 million bonds due for renewal next year, with assurances demanded ahead of stadium construction project.

19 February 2021 - 8:32 PM

By James Corbett, Senior Correspondent

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