Italy Inter Milan Chinese Owners Suning Group Zhang Family to Sell Football Club for $1 Billion, Acquired in 2016 for $263 Million & Won Italy Serie A Championship in 2020/2021 Season
21st October 2022 | Hong Kong
Italy top football club Inter Milan (Football Club Internazionale Milano) Chinese owners (Zhang Jindong & family, Suning Holdings) is looking to sell the football club for $1 billion, having acquired majority stake in the club in 2016 for $306 million (pledging $750 million to invest in the club) & winning the Italy Serie A championship in the 2020/2021 season. The chinese owners Zhang family had been reported to engage United States investment bank Raine Group & Goldman Sachs to find a buyer. Raine Group had also acted in the sale of Chelsea ($5.4 billion) earlier in June 2022. In the same month in June 2022, Redbird Capital, founded by former Goldman Sachs banker Gerry Cardinale, bought Italy football club AC Milan for $1.29 billion (EUR 1.2 billion) from Elliott Management. Redbird Capital has also recently acquired a 10% stake in Fenway Sports Group, which also owns Liverpool football club and baseball club Boston Red Sox. AC Milan is the newly crowned Champions of Serie A (2022), and is one of Italy’s most popular football club alongside Juventus and Inter Milan.
“ Italy Inter Milan Chinese Owners Suning Group Zhang Family to Sell Football Club for $1 Billion, Acquired in 2016 for $263 Million & Won Italy Serie A Championship in 2020/2021 Season “
Suning Holdings Group, Founder & Billionaire Zhang Jindong with $7.5 Billion Fortune
Chinese owners (Zhang Jindong & family, Suning Holdings) acquired a majority stake in Italy top football club Inter Milan (Football Club Internazionale Milano) in 2016 for $306 million (pledging $750 million to invest in the club) & winning the Italy Serie A championship in the 2020/2021 season.
Suning Holdings Group is one of the largest privately owned company in China. Suning.com is one of the largest non-government retailers in China, and is listed on Shenzhen stock exchange. Suning Holdings Group is founded by billionaire Zhang Jindong (China) and has a personal fortune of around $7.5 billion.
United States Investor & NBA LA Lakers Part-Owner Todd Boehly Buys Chelsea Football Club for $5.4 Billion from Sanctioned Russian Billionaire Roman Abramovich
In June 2022, United States investor Todd Boehly and Clearlake Capital ($72 billion AUM, portfolio includes Cirque du Soleil) have jointly acquired Chelsea Football Club for $5.4 billion (GBP 4.25 billion) from sanctioned Russian billionaire Roman Abramovich, after 20 years of ownership and being forced to sell the football (International pressure due to Russia war in Ukraine). Todd Boehly is also the part-owner of Los Angeles Lakers (NBA club), and has investments in Penske Media which owns Billboard, Rolling Stone, Variety and The Hollywood Reporter. Chelsea football club received more than 250 enquiries with 12 credible bids. Russian billionaire Roman Abramovich had bought Chelsea football club in 2003 (19 years ago) with GBP 140 million. Todd Boehly and Clearlake Capital will have joint control of Chelsea football club.
Sign Up / Register
Caproasia Users
- Manage $20 million to $3 billion of assets
- Invest $3 million to $300 million
- Advise institutions, billionaires, UHNWs & HNWs
Caproasia Platforms | 11,000 Investors & Advisors
- Caproasia.com
- Caproasia Access
- Caproasia Events
- The Financial Centre | Find Services
- Membership
- Family Office Circle
- Professional Investor Circle
- Investor Relations Network
Monthly Roundtable & Networking
Family Office Programs
The 2024 Investment Day
- March 2024 - Hong Kong
- March 2024 - Singapore
- June 2024 - Hong Kong
- June 2024 - Singapore
- Sept 2024 - Hong Kong
- Sept 2024 - Singapore
- Visit: The Investment Day | Register: Click here
Caproasia Summits
- The Investment Summit
- The Private Wealth Summit
- The Family Office Summit
- The CEO & Entrepreneur Summit
- The Capital Markets Summit
- The ESG / Sustainable Investment Summit
