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Serie A: Italian Football’s Chinese Bailout

Suning Inter Milan Serie A
Zhang Jindong (C), chairman of the Suning Holdings Group delivers a speech during a press conference for Suning's Acquisition of Inter Milan in Nanjing, east China's Jiangsu province on June 6, 2016. A Chinese billionaire with connections to President Xi Jinping announced a swoop for a majority stake in Italy's Inter Milan on June 6, the most prestigious football club acquired so far by Chinese investors. Zhang Jindong's Suning retail giant will pay 306 million USD for about 70 percent of the three-time European champions, a landmark move for one of the sport's most famous clubs. / AFP / STR (Photo credit should read STR/AFP/Getty Images)

The recent transfer rumors circulating the Italian Serie A are currently revolving around the Florentine club of Fiorentina. La Viola are the center of another massive transfer of money for a rather “decent” forward. Chinese club Tianjin Quanjian are believed to be making a €50 million bid to acquire Nikola Kalinic. The transfer of Kalinic from Fiorentina to China at the moment is a rumor but shows the length which Italian clubs are willing to go in order to compete in the Serie A and in Europe.

Nikola Kalinic has been a stand out player for La Viola this season but not entirely of the “superstar” quality entirely, especially since he was a total flop in the English Premier League for Blackburn Rovers.

The Chinese Super League’s apparent influx of cash to expend on player acquisitions has made its mark all over Italy. The likes of Fredy Guarin and Gervinho left Inter Milan and AS Roma for Shanghai Shenhua and Hebei China Fortune FC. The sale of club AC Milan to the Chinese Business Consortium led by Yonghong Li for a grand total of €740 million also shows the need for “quick” cash. Retailer Suning Holdings also bought the majority stake of Internazionale di Milano for €270 million back in June 2016.

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AC Milan and Inter Milan have been going through a tumultuous time in the Serie A last 2015-2016 campaign. The current season on the other hand has shown significant improvement for both clubs since their sale to Investors from China. Inter’s current form has them seventh place in the Serie A only three points behind their cross town rivals AC Milan, 5th place in Italy. AC Milan’s new owners have pumped in around €350 million into the club and will continue to do so for the next three years to get the Rossoneri back to winning ways.

La Viola have always been that small gladiator fighting it out for dominance in the north of Italy between the Milanese clubs and the giants in Turin (Juventus). The excess of cash that Fiorentina would acquire for Kalinic would aid La Viola in the long run as clubs like Roma, AC Milan, and Inter Milan have turned to outside investments to contend with Juventus.

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