The skint champions: Inter’s Chinese owners are ordered to settle their massive debts in Hong Kong

It’s no secret that Suning, the Chinese company in ownership of one of Italy’s most popular clubs, is in trouble. There were reports on Monday that the Hong Kong Court of Justice requires Suning to honour a domestic debt of $250 million. And if they fail to do so – their European assets could be sold forcibly.A ruling by the Court of Justice of the Special Administrative Region of China would require Inter chairman Steven Zhang and his father Zhang Jindong, founder of Suning, to honour a $250 million debt to the Great Matrix finance company.Tuesday, 19.45: (6.25) Shakhtar (4.30) Inter (1.57)A number of rich Chinese companies purchased stakes in Suning in order to consolidate the company and get a piece of the action when the Zhangs recover, but Suning didn’t use the fresh injection of cash to pay what they owed to Great Matrix. The result? Suning will pay the penalty. The creditors involved in the suit are now looking into the assets of Steven Zhang and his father. If the Zhangs’ shares in Inter are kept held in Luxembourg then it is unlikely that they will be accessed by the creditors and their lawyers, but instead, the personal assets of the Zhangs outside of the club could be looked for. Alexis Sanchez could leave #Inter in January. Marseille, Real Beria and Sevilla have all shown interest in the Chilean attacker. [via @cmdotcom] pic.twitter.com/Qwtau8FZwI— Inter Xtra (@Inter_Xtra) September 27, 2021 What does it mean for Inter and their fans? It’s hard to say, but one thing is certain – the club will be urged to sell their best players to stay afloat amid all the uncertainty.

Powered by Live Score & Live Score App