Inter, Suning in crisis: the Zhang family relies on the Citic bank to restructure the debt
The Chinese government is studying Suning’s debt, and the Milanese Nerazzurri club would be in its sights. After the rumors of recent days that see the sale of Inter to the Saudis of Pif increasingly imminent, the heritage of the Zhang family regains the scene. As reported by the Sole 24 Ore, Chinese banks closely attuned to the Beijing government would be working on debt restructuring of the group that owns Inter in Italy. Involved in the operation, continues the Sole 24 Ore, there would be one of the largest Chinese state-owned banks: Critic.
According to the accounts of the business newspaper, the Zhang family group accounts is exposed for $ 2.6 billion to Evergrande, the Chinese real estate group on which the risk of bankruptcy weighs. On the table with the banks there would therefore be an overall reorganization of the group. All while the rumors of one weigh on the debt of the Milanese club sale to the Saudi fund Pif, new owner of the Newscastle. Meanwhile, the refinancing of the club’s bonds will start in January for an estimated amount of around 400 million.