Profile: Suning Group and Inter’s ticking time bomb

19 February 2021

Photo: 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.

James Corbett, Senior Correspondent

For Inter Milan, it is the best and worst of times. 

Leading Serie A, they go into Sunday’s Milan derby with the prospect of extending their lead to four points at the top of the table and ten points from third place Roma. Its centre forward Romelu Lukaku tops the Serie A scoring charts and against Lazio scored his 300th career goal.  

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