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New investor to buy Inter shares?
Football Italia

Hong Kong-based firm LionRock Capital and not Alibaba’s Jack Ma will reportedly buy Erick Thohir’s 31.05 percent stake in Inter.

Ma was first thought to be joining forces with Suning Group, but Gazzetta dello Sport claims Thohir is ‘about’ to hand over his shares to LionRock.

The newspaper explains the fund is already planning to help Inter build their new stadium, for which there could be ‘important developments’ as early as February.

LionRock was founded in 2011 by Daniel Kar Keung Tseung, a Chinese-American businessman who has 25 years of business experience in China and Southeast Asia.

La Gazzetta concludes it could pay ‘a figure very close to €150m’ for the Indonesian’s stake in the Nerazzurri.
 

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LionRock Capital, already a partner of Suning Sports, reportedly planning to buy Thohir's 31% and build new stadium in San Siro area

From Jakarta to Hong Kong, under the supervision of Nanjing. Almost a third of Inter will move from an Asian megalopolis to another. The 31% of Erick Thohir is about to change hands and we are at the final stage. Suning has found a new partner, which could give a new and exciting acceleration to the growing process of Inter, especially the stadium. This new investor comes from the Special Administrative Region of China and all indications and clues lead to LionRock Capital.

This is an investment fund based in Hong Kong founded in 2011 by Daniel Kar Keung Tseung, a Sino-American businessman born in 1971, studied in the United States at Princeton and Harvard and already has 25 years of experience in the business world in the Chinese and Southeast Asia region. LionRock Capital invest primarily in sports, e-commerce, food and medical sectors (but in their portfolio, there are also an online taxi startup and a real estate company in Jangsu) and self-describes as a company that aims to “establish long-term relationships and able to create value” with management of those which it invests in.

LionRock already has an important partner with Suning Sports, the sport branch of Zhang’s creation. This relationship with boss Jindong seems to be solid and profitable and Inter are the new step in this partnership. The investment of LionRock should be around €150M. There is great harmony between these two companies with which they can make long-term plans that could soon unlock new phase of growth. The project on top of their list seems to be the stadium: already in the month of February, the club intends to take decisive steps in this direction.

The current and preferable is no longer fixing up the San Siro, but to build a brand new stadium in the same area. Adding a modern facility has always been one of the indications of Steven Zhang, president since October 26th. He once again reaffirmed the ambitious projects at the Suning convention ongoing in Nanjing: “I want to realize the dream of millions of Inter fans: to return to the top of Europe. And at the same time demonstrate through this team’s success the vision and ability of modern Chinese companies internationally.”

This meeting is to celebrate a positive year for his father’s company: in a year of shrinking growth for the Chinese economy, Suning exceeded its objective and opened 8000 new stores. Jindong celebrated the company’s success by announcing that he wanted to “rejuvenate” management. He also celebrated Inter: “We are back to the limelight. In less than two years, we achieved what the fans dreamed of in six years: the return to the Champions League. Inter are building a new period of glory.” The new partner, another “Lion”, just like the logo of Suning, will help Inter to roar even louder.

WHO IS DANIEL TSEUNG? Loves Jeremy Lin and has positive connection with the Chinese government

International by definition, for over 110 years. And soon, the history of Inter will once again be confirmed thanks to a new minority shareholder. LionRock Capital is headquartered in Hong Kong, a former British colony, now a Special Administrative Region of China, which has always been a meeting point between East and West. The investment fund will acquire 31% of Inter which is still held by Erick Thohir and it is founded by Daniel Kar Keung Tseung whose business connects China and the United States, further expanding horizons.

Tseung, moreover, studied in the US and not just at any university: Princeton and Harvard. Today, he is 47 years old but SEC (US Securities and Exchange Commission) has traces of him on the board since 2004. He started with investment funds as early as the 1990s, but in his career, he was on board of directors of several companies such as the Chinese equivalent of Starbucks in Gourmet Master, a building materials supplier in Ohio named Owens Corning, but also e-learning companies that helped train Beijing’s top state executives (Chinacast Education Corporation). This last experience confirms that, despite “western” profiles on social media, his relationship with the Chinese government is positive: almost a necessary condition to do business in the Asian country. He is a Protestant Christian, married with two daughters, one in elementary and the other is just a bit younger. He is fond of tennis and a fan of Jeremy Lin, NBA player of Asian origin who had a couple of great seasons.*

His fund invests in established companies but also in startups: the idea, which will please Inter fans, is that LionRock loves to see the companies that it invests in grow by pumping in necessary capital. Founded in 2011, the fund has a small structure of 27 employees, recored a profit of $5.4M in 2018 and has Karen Lai as director of investments. Their headquarters is in Hong Kong but has a sister company in the Cayman Islands. In Europe, LionRock has investment in Hailo, a taxi company (also present in Italy). In sports, the most important partnership is with Suning Sports and Inter are the first football club in its portfolio.

When everything is closed with Thohir, there will be room for Tseung and/or one of his men to enter Inter board of directors. The plans for the future, with a brand new stadium on top of the list, will be discussed with the Hong Kong partners beforehand. To renovate the Meazza, but also to build a new stadium in the same area (this is the favorite option), they need capital, investment and a partner in full harmony. And the ties between Tseung and Zhang have become sufficiently close in these years.
 

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Nice to have you back, man. :)

Damn that is a long read :D will check it later.
 

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Not exactly brand new but must be posted here

LIONROCK CAPITAL ACQUIRES 31.05% OF FC INTERNAZIONALE MILANO S.P.A.

LionRock Capital becomes the Second-Largest Shareholder in the Italian Football Club

25/01/2019 - 13:00

MILAN — FC Internazionale Milano S.p.A announces that LionRock Capital has reached an agreement with International Sports Capital HK Limited to acquire their 31.05% shares in the Club. Thus, LionRock Capital becomes the new minority shareholder in Inter.

The Club welcomes LionRock Capital to the Inter family and expects them to assist and support Suning in bringing further success to Inter both on and off the pitch. The Club extends its appreciation to Erick Thohir for his past contributions and wishes him every success in the future.

Commenting on the transaction, Steven Zhang, President of FC Internazionale Milano said: “In 2018, thanks to the efforts of the entire staff, of our management, coaching team and players, we have achieved strong results in sports performance, commercial growth, and marketing and media innovations. This gives us full confidence for the future development of the Club and has led to the interest of LionRock Capital. In addition to this partnership, we also look forward to establishing further global sporting and commercial relationships. Together with our partners, we continue working on our prime objective – to make Inter a top club worldwide on and off the pitch and to provide the best possible experience for millions of Inter fans.”

“We are very optimistic about the business development prospects of all sports-related activities and with over 110 years of history and global influence in the football area, FC Internazionale Milano has exciting future development potential. LionRock Capital will fully support Inter’s key objective to make the Club one of the world’s top football clubs both on and off the pitch,” said Daniel Kar Keung Tseung, Founder and Managing Director of LionRock Capital.

https://www.inter.it/en/news/65983

Portfolio
 

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Discussion Starter #65
Very strong rumours that Conte has accepted an offer (9.5m euros) to coach Roma because Suning have to decided to keep Spalletti :facepalm:

Terrible news if true

Spalletti has proven categorically that he is a limited manager that is unable to impose a style of play on a team like Inter that badly needs one.

3rd place and zero trophies will be the best we can hope for again next season....
 

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The colossal mistake to extend Spalletti's contract biting us in the ass. I'm sure the €28m payout that he would be due to receive is quite the deterrent in Suning sacking him.
 

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Discussion Starter #67

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Danilo is ex Real Madrid, that in itself makes me ok with him coming as pretty much any player we signed from Real has won trophies with us. Plus if he is leaving the bench at a better team than ours like City and taking a paycut it means he is eager to play, not coming to collect money.

Ranocchia hasn't been a starter at Inter for 4 years or so now so he is largely irrelevant.

As for Spalletti, Marotta won't say that he is a goner with 4 games left. Let's wait and see. I remember that Facchetti confirmed Zaccheroni but Mancini was brought in when the season ended anyway.

https://www.fedenerazzurra.net/news/2019/5/1/antonio-conte-and-lele-oriali-to-inter-waiting-for-the-final-ok-from-suning-after-reaching-champions-league-ambitious-shopping-campaign-in-summer?fbclid=IwAR0m6BhLWX9oyX5TdrIFOic9_pM2wCkvgxlGWcewHVZUEaG2VgkSwxhviQw

Inter have surpassed every one to be in pole position to land Antonio Conte this summer. This is the conviction of the Corriere dello Sport and Tuttosport this morning as both newspapers see the Nerazzurri ready to say goodbye to Luciano Spalletti to direct all of its resources to bring home the former Italian coach.
 

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Discussion Starter #69
Danilo is ex Real Madrid, that in itself makes me ok with him coming as pretty much any player we signed from Real has won trophies with us. Plus if he is leaving the bench at a better team than ours like City and taking a paycut it means he is eager to play, not coming to collect money.
Well, yes, if anything , flopping at Real is a good sign of success at Inter. That's a fair point.

He was actually good for City the few times I saw him TBH. Skillful player with plenty of ability.

And can play both LB and RB. But I would have preferred Darmian+Tagliafico. Llet's see what happens...


Ranocchia hasn't been a starter at Inter for 4 years or so now so he is largely irrelevant.
Candreva's extension is really what bothered me TBH. Rannocchia was actually good each time he played the last 2 seasons

As for Spalletti, Marotta won't say that he is a goner with 4 games left. Let's wait and see. I remember that Facchetti confirmed Zaccheroni but Mancini was brought in when the season ended anyway.
Fair point, it's just that the Roman media have basically been pushing the story (for the last week) that Conte has signed for ASR.

Looks like the Inter-Conte thing may still be alive though.... we can only hope.

I can really see Conte building an exceptionally effective team at Inter, as long as he is given a proper DM
 

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Candreva has been much better for Inter compared to Ranocchia. Ranocchia has barely played at all in years, including stints out on loan at Samp and Hull etc.. so probably frog's Inter's disasters have been forgotten.

As for fullbacks, tbh I wouldn't mind keeping the 4 we have now for next season instead of chopping and changing all the time but if Cedric is not bought then obviously we need a new rb. Neither Cedric or Dalbert have played enough at Inter imo.
 

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Discussion Starter #72
Nostradamus is back
 

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Discussion Starter #74
Something about Cancelo?

Still retarded
 
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