Control the top football giants! Suning acquires 70% stake in Inter Milan with 2 billion yuan

Suning officially announced today that it will control the Italian Football Club Inter Milan. Suning Sports Industry Group, a subsidiary of Suning Group, acquired approximately 70% of the shares of Inter Milan Club by subscribing for new shares and acquiring old shares for a total consideration of approximately 270 million euros.

Original title: Controlling top football giants! Suning acquires 70% of Inter Milan shares with 2 billion yuan.

On June 6, Suning held a "Media Briefing on Suning's Acquisition of Inter Milan" today, announcing that its Suning Sports Industry Group will subscribe for new shares and acquire old shares for a total consideration of approximately 270 million euros., obtain approximately 70% of the shares of Inter Milan Club. Erick Thohir's ISC still holds about 30% of the shares after the deal closes.

At the briefing, Zhang Jindong revealed the behind-the-scenes nature of the two sides holding hands: Before the Spring Festival in 2016, he met with Inter Milan Club President Tosil for the first time and became very interested in Inter Milan; a month ago, Zhang Jindong made a special trip to Italy and visited Inter Milan's legendary former president Massimo Moratti.

"Mr. Moratti's enthusiasm and focus on football deeply moved me," Zhang Jindong said."His total dedication to Inter Milan has created the greatest story and the most touching story in the history of football development in the century."

It is reported that Football Club Internazionale Milano (inter for short) was established on March 9, 1908 and is now one of the Italian football league teams. The club is also the only Italian League team to have won five championships (Champions League, Serie A, Coppa Italia, Italian Super Cup and World Club Cup).

Suning Group has a soft spot for football. As early as 2014, Suning reached a cooperation with FC Barcelona and became the official partner of Barcelona's fans in China; in December last year, Suning spent 523 million yuan to fully take over the former Chinese Super League team Jiangsu Guoxin Shuntian Football Club and changed its name to Jiangsu Suning Football Club.

According to previous media reports, this is not the first time that a Chinese company has deployed overseas football. Prior to this, Wanda Group has invested 45 million euros to acquire a 20% stake in Atletico Madrid Club, and Heli Wansheng has 8 million euros to invest in the Hague, and Xinghui Interactive has more than 60 million euros in the Spanish Real Espanyol, Ledes has 7 million euros in Sochaux, and Chinese Culture and CITIC Capital has US$400 million in the Premier League Manchester City.

Editor: yvette