国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

Business / Companies

Retail giant Suning buys 70% share in Inter Milan for $300m

By Cang Wei and He Yini (chinadaily.com.cn) Updated: 2016-06-06 15:51

Retail giant Suning buys 70% share in Inter Milan for $300m

A security guard keeps watch before a news conference with Chinese retailer Suning and Italy's Inter Milan in Nanjing, Jiangsu Province, June 6, 2016.[Photo/Agencies]

Chinese retail giant Suning Commerce Group announced on Monday afternoon that it has signed a 270-milllion-euro ($307 million) deal to acquire a 70 percent stake in Italian soccer club Inter Milan, in the company's latest foray into renowned European clubs.

Suning Sports Group, a subsidiary of the Jiangsu-based electronics retailer, sealed the deal by subscribing new shares while purchasing old ones, the company said at a news conference in Nanjing.

Erick Thohir's International Sports Capital, the former majority shareholder of Inter Milan, will retain a 30 percent stake.

"I'm very excited to have Suning in the team," Thohir said, adding that top football clubs such as Inter Milan will need a strong partner for capital support and business operations to better compete in the international arena and serve world football fans.

Zhang Jindong, chairman of Suning Holdings Group, said: "I know that taking over the torch of such a historic and brilliant club is not just a glory for us, but a mission and a responsibility."

With Suning's sustained investment, Inter Milan will continue to be the cradle and center of top-notch football players, he added.

Suning, one of the largest Chinese electronics retailers with annual revenues topping $20 billion, already splashed millions of dollars on its Chinese Super League team, which boasts stars such as Brazil's Alex Teixeira and former Chelsea midfielder Ramires.

The retailing behemoth, which owns Chinese online content platform PPTV, has also expanded its presence in the sport by forging ties with Spanish champions FC Barcelona and England's Liverpool FC.

This cooperation is very important because Suning has "set up a bridge between China and one of the most renowned clubs in Italy," Xinhua News Agency reported, citing Chinese Football Association (CFA) head Cai Zhenhua, a day earlier.

"The acquisition offers a rare window of opportunity for China's football development .... to brush up their management and skills," said Liu Tong, a CFA official.

Media reports suggest Inter's cross-town rival AC Milan is also in talks with potential investors from China - home to the world's largest population of football fans, and several Chinese companies, including Kweichow Moutai, will jointly purchase a 70 percent stake in AC Milan.

Kweichow Moutai, the country's leading liquor producer, has denied the reports.

Xinhua contributed to this story.

Hot Topics

Editor's Picks
...
达日县| 安泽县| 郧西县| 安顺市| 南溪县| 兴宁市| 龙南县| 潜山县| 收藏| 横山县| 钟祥市| 阿拉善盟| 交城县| 什邡市| 来安县| 石楼县| 盐边县| 营口市| 凯里市| 望江县| 治多县| 衡东县| 承德市| 高州市| 澜沧| 宁乡县| 高邑县| 玉林市| 抚宁县| 赣州市| 西贡区| 岱山县| 云浮市| 大荔县| 乌审旗| 西峡县| 定结县| 垣曲县| 南汇区| 商水县| 井研县|