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Festa can’t deny chances of Suning sell Inter

Fri 01 January 2021 | 7:58

Inter registered a loss of €102.4 million in the last financial year as the football world was heavily hit by the Covid pandemic.

Although the €375 million bond that

Inter

have is due to expire in 2022, several sources have reported Suning’s alleged plans on how to tackle the financial problems.

“At least for the moment, it would seem that Suning wants to refinance the bond (about 375 million which expires in 2022) with a few specialised investors, a sort of private placement,”

Carlo Festa

explained in his blog on the online edition of Il Sole 24 Ore.

“If I had to give my opinion and according to what I have learned in recent days, Suning may not stop there and look for a new minority shareholder.”

Chinese group,

Suning

, took charge of the club back in 2016. In regard to them giving up the control of the

Nerazzurri

,

Festa

said:

“At the moment I don’t think so, but never say never. COVID-19, the tightening of Beijing, the increasingly difficult football situation and many factors could affect the future decisions of the Chinese giant who now has to manage its subsidiary in Europe with different strategic objectives compared to 2016.”


source: SportMob