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

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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 “

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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. 

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