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Back to football! Congratulations to Kangyang Zhang! 80 million euros, the acquisition of the Portuguese Super League relegation team

After Inter was taken over, they entered the Portuguese Super League.

Back to football! Congratulations to Kangyang Zhang! 80 million euros, the acquisition of the Portuguese Super League relegation team

This summer, Suning Group's inability to repay Oaktree Capital's €395 million loan led to Inter Milan being taken over, and chairman Zhang Kangyang completely "disappeared" after saying goodbye to fans and the club on social media.

The 24-hour Sun, a well-known financial media outlet in Italy, reported in mid-June that KPMG's consultants had valued Inter Milan, with a preliminary estimate of more than 1 billion euros. After deducting the $395 million owed to Oaktree Capital and the €415 million in debt, Mr. Zhang was able to get the rest of the money.

Back to football! Congratulations to Kangyang Zhang! 80 million euros, the acquisition of the Portuguese Super League relegation team

According to this valuation, plus Zhang Kangyang's previous debt-to-equity swap operation and the unused part of Oaktree's loan, it is expected to get 350 million euros.

After two months, Zhang Kangyang appeared in football information again and appeared in front of fans, this time he is ready to continue to devote himself to the football industry.

According to Portugal media El Blada and zerozero.pt, Suning Group is ready to invest 80 million euros to acquire Portuguese Ligue 1 club Portimão.

Back to football! Congratulations to Kangyang Zhang! 80 million euros, the acquisition of the Portuguese Super League relegation team

Portimão, the second largest city in the Algarve, the southernmost region of Portugal, has been hovering in the second division since its inception in 1914 before returning to the Portuguese Premier League with the Portuguese title in 2016/17.

Last season, Portimão finished third from bottom in the league and lost in the relegation play-offs, eventually relegating to the Portuguese Liga.

Back to football! Congratulations to Kangyang Zhang! 80 million euros, the acquisition of the Portuguese Super League relegation team

Because of the relatively good economic and demographic advantages, there are also many capital attempts to buy Portimão, last year Nottingham Forest owner, Greece ship king Marinakis offered 35 million euros to buy 75% of the shares, but this proposal was rejected by the club's majority shareholder Odoro · Fonseca.

Fonseca is now in talks with Suning Group to acquire Portimão and an Under-23 training centre, which is expected to be completed in 2025.

Back to football! Congratulations to Kangyang Zhang! 80 million euros, the acquisition of the Portuguese Super League relegation team

Since becoming Inter's president in 2016, Zhang Kangyang has delivered on his Noyang, leading the veteran Serie A giants to two European finals and return to the top. Winning seven trophies and beating AC Milan six times to win the league title, leaving a brilliant mark in the team's history.

In terms of running the team, Zhang Kangyang can be regarded as a historical figure, whether it is a local Inter fan or a Chinese nera, they all regret his sudden "violent death". Now Da Shao is back in football and hopes to be as successful as he did at Inter.

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