Suning Have Invested More Than €700M At Inter Since Buying Nerazzurri, Italian Media Explain

Logo: SempreInter.Com


Article image:

Suning have invested more than €700 million into Inter during their time in charge, as explained by a report in the Italian media today.

As per Tuttosport’s print edition, the Chinese e-commerce giants bought the Nerazzurri for €128 million from Erick Thohir in 2016, before immediately injecting a capital increase of €142 million.

Suning then added around €336 million through a series of interest-bearing loans, with €215 million of that converted into capital as well.

There has also been €160 million brought in from commercial revenue, either from Suning directly or through companies linked to the group.

By removing the millions which have since been repaid and the money accrued as interest, Suning’s total investment apparently sits at €712 million.

The Turin-based paper noted that Inter also have €375 million in debt at present, though, which is why Suning are thought to be asking for €1 billion in order to sell the club.

As things stand, the only offer has come from BC Partners, who have reportedly offered €800 million plus bonuses.