Suning Holdings: Last News

Inter Milan celebrated a historic moment in last-week's Serie A victory but now the players will face a difficult proposition after being asked to give up two months of their wages.Antonio Conte's Inter ended the dominant nine-year reign of Juventus by claiming their first Scudetto since 2010.But the Nerrazzurri have been short on finances due to the unpredictable coronavirus pandemic and the club's owner Steven Zhang is proposing a two-month wage freeze to reduce costs by 20 percent.Zhang, a chief executive of Chinese real estate company Suning Holdings, had a 45-minute meeting with the team on Monday to discuss his proposal which intends to help aid a £230million rescue package.Zhang's strategy, if the players go along with it, could save

Premier League bosses have been left with a financial black hole of around £650m after ending their broadcasting deal with PPTV.The Premier League's decision to terminate the agreement with its Chinese rights holders follows a legal battle over a withheld payment of £160m before Covid-19 forced football into lockdown in March.It was claimed last month that rights holders Suning Holdings, who own PPTV, had refused to honour the payment.The Premier League have now confirmed they have severed all ties with the broadcaster in China and said in a brief statement: "The Premier League confirms that it has today terminated its agreements for Premier League coverage in China with its licensee in that territory.