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As Inter deal nears, Suning eyes football empire

Chinese retail giant is expected to buy a majority stake in the famous Italian football club; it is also reportedly seeking deals to help create a global sporting "ecosystem"

Published Sun, Jun 5, 2016 · 09:50 PM
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Shanghai

CHINESE retail giant Suning Commerce Group Co Ltd, set to tie up a deal for Italian football club Inter Milan, is already eyeing bigger ambitions: controlling a global sports empire stretching from football clubs to online broadcasting.

Suning and Inter Milan are due to make an announcement in the eastern Chinese city of Nanjing on Monday, widely expected to confirm that Suning will buy a majority stake in the Italian football club.

Amid a wider push by China to increase its standing in the game, Suning'…

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