Four years later, Zhang Dongdong There seems to be no change in your face.
On May 6, Zhang Jindong met with an American appliance giant, and the photo was published in Suning On the official website of. After nearly three years of "invisibility", Zhang Dongdong seems to be using static pictures to announce his dynamic return.
The appearance of Zhang Jindong coincided with the opening of several large stores in Suning. According to media statistics, Suning's loss narrowed to more than 96 million yuan in the first quarter of 2024, the first time in three years that Suning was close to break even.
Everything seems to be getting better. Zhang Jindong even sent an internal letter to encourage employees in the company, saying that "we have no fear after the darkest moment, and looking at it, it is more an opportunity."
"Time waits for no man, seize every minute, and start a new breakthrough."
However, the battle of "breakthrough" in Zhang Dongdong's words had just started, and the first one to fall was his son—— Zhang Kangyang 。
In May 2021, Suning Holding Inter Milan We obtained a sum of 275 million euros from American fund Oak Capital, and the collateral of the loan is the equity of Inter Milan.
Suning needs to repay about 375 million Euros with interest and principal before May 21, 2024, otherwise Oaktree Capital has the right to enforce the pledge of shares of Inter Milan and become the owner of the club.
Now, the three-year period has come, but Zhang Kangyang has not paid back the money. Huang Shiren of the United States has come to pay the money, or take Xier, or take Inter Milan to pay the debt.
At this moment, Zhang and his son are probably full of Shen Teng's lines:
"Destroy, tired"
"Won the championship in 5 years!"
On December 21, 2015, at the briefing of Suning's acquisition of Shuntian, ambitious Zhang Jindong announced that he would make Suning a first-class company in Asia and shouted the slogan of winning the championship.
In addition to winning the championship, Zhang Jindong also said many beautiful words, promising to further increase the team's investment, make efforts in youth training, and build a modern career Football club. It is worth mentioning that Zhang Dongdong set the theme of this briefing as four words:
"Inherit and surpass."
Now, these four words look like sarcasm.
But no one felt irony at that time. Instead, they were full of confidence in Lao Zhang and Suning.
Because Zhang Dongdong is confident.
In 2010, the "war between the US and the Soviet Union" in the household appliance retail industry ended with the imprisonment of Boss Huang, and Zhang Jindong and his Suning won a big victory.
In 2012, Suning's book capital reached 22.74 billion yuan, and the enterprise also launched a crazy "buy buy buy" mode - merger and acquisition of Red Boy, investment in PPTV, and participation in Jiangsu Football.
In the winter of 2015, Suning was in the limelight. At first, Ramirez's joining made people lose their chin, and then Mr. Ou's arrival of Mr. Teixeira, 50 million, made people lose their chin completely... Suning's series of operations put Guangzhou Evergrande, which has stood in the air for five years, in a daze, and could only win the Colombian star Martinez in a hurry.
Then Suning did something that Evergrande did not dare to do - to buy Italian giants Inter Milan at a price of 270 million euros.
The magic thing happened in reality. The Blue and Black Corps, which once made many people passionate, had a Chinese surname. The song of Meazza sounded in Zhongshan in Nanjing.
At that time, few people knew why Suning wanted to buy Inter. The acquisition of Jiangsu Shuntian can be understood. After all, it is a football craze with a high degree of attention. At least it can make a face in China. What can the acquisition of Inter Milan bring to Zhang Dongdong? Zhang Dongdong is a retail worker, not like Wang Jianlin In that case, we need to go overseas to get land.
This doubt was not solved until Zhang Kangyang's name appeared on the list of the Inter Milan board of directors.
The Chinese have a special word to describe this practice:
"Gold plated."
Sure enough, after becoming the youngest club president in the history of Inter Milan, Zhang Kangyang began to "stand out" in Suning, and was "widely recognized" by all the elders of Suning, and even won the "Chairman's Special Award" at Suning's year-end meeting.
This should be the first special honor won by Inter Milan in the era of Zhang Kangyang.
In his acceptance speech, Zhang Kangyang said a famous quote:
"If you go to Italy and mention the word" Suning ", people's eyes are full of awe."
One day in May 2020, a high-end dinner party opened in a club next to Chaoyang Park in Beijing.
At the dinner table were Xu Jiayin, chairman of Evergrande, Wang Jianlin, chairman of Wanda, Zhang Li, chairman of Fuli, Hu Baosen, chairman of Henan Jianye, and Mai Fan, president of Jiazhaoye.
And Zhang Jindong, Chairman of Suning.
I wonder if there are two local snacks, stinky tofu and pig foot noodles, on the menu of this banquet.
According to Mr. Beast, these football giants can still talk and laugh at dinner, talking about projects worth tens or tens of billions, as well as their vision for the future.
In the future... these tycoons must have never heard a word from the pseudo literary youth:
The future is too far away, the present is forever.
At the end of the year, the future came. Zhang Jindong fulfilled his lofty words and Suning won the championship of the Chinese Super League in 2020. But what he could not deliver was the salary of Jiangsu team and the debt of 136.1 billion yuan he owed.
In order to alleviate the debt crisis, Zhang Jindong once wanted to find his good friend, Lao Xu, and get back the 20 billion yuan he borrowed from him to build a tram. As a result, Lao Xu, with his ingenious tongue, blocked Zhang Dongdong back, which really made Zhang Dongdong feel like being a cousin of his own brother.
Eighteen days after winning the championship, Zhang Jindong and his son Zhang Kangyang pledged the shares of Suning Holdings, which were exchanged from the Ali family for 1 billion yuan. The 1 billion yuan is a drop in the bucket for Suning, a behemoth. The wave of unpaid wages has also spread from Jiangsu to the Apenning Peninsula. In addition, Suning's PPTV has lost English Premier League copyright, Italian Italian copyright and German German copyright in succession
On February 25, 2021, Suning E-shop announced that the actual controller, controlling shareholder Zhang Dongdong and the shareholder Suning Electric Group Co., Ltd. planned to transfer shares, with an estimated transfer ratio of 20% - 25%, which may involve changes in the company's control. Suning E-shop shares were also suspended from February 25. In addition, Suning Electric Appliance Group Co., Ltd. also added a new information about the person to be executed, with the execution target exceeding 3.082 billion yuan, and Zhang Dongdong became the person to be executed.
The folk saying of the person being executed is:
"Lao Lai."
Zhang Jindong's various fronts that had advanced with great fanfare were completely defeated.
On July 12, 2021, Suning announced that Zhang Jindong resigned as chairman and was appointed as "honorary chairman" by the board of directors.
On the other hand, Zhang Kangyang has also been engaged in a global debt collection by CCB. In 2020, CCB provided a loan of 165 million dollars to a company wholly-owned and controlled by Zhang Kangyang, and subscribed to a bill of 85 million dollars issued by the company, with a coupon of 7%. As a result, Zhang Kangyang failed to repay the loan as scheduled when the loan was due. Subsequently, CCB sued Zhang Kangyang in Hong Kong and Italy respectively.
But what makes many Jiangsu fans uneasy is not how miserable Zhang's father and son and Suning were, but the tragedy of Jiangsu team being forced to die while it is possible to survive.
It is said that when the Jiangsu team was in crisis, Wuxi intended to introduce a new CSL champion, but Suning asked for 2 billion yuan.
This finally led to the end of the 27 year professional football life of Jiangsu Team with a notice.
Suning's thunder also completely ignited the fuse of the collapse of the football bubble in Jinyuan.
In 5 years, Zhang Dongdong changed from the chairman of Suning to the honorary chairman. The reason is just the evil result of blind expansion and transformation.
Suning used to be a giant in home appliance retail, but before Zhang Jindong pulled out his sword and looked around, the pattern of the entire retail industry changed dramatically. So he relied on his early capital accumulation to find a way out. But looking around and doing e-commerce, he can't do Jack Ma and Big Qiangzi; As for copyright, what he received was just the mess left by accountant Jia; As a football player, he has not made any substantial improvement in Chinese football at any level, except that he raised the price with all the big speculators.
It was too late for Zhang Jindong to recover.
On the eighth day of the Lunar New Year in 2021, Lao Zhang shouted the slogan of returning to the main retail line in his internal video, and said murderously:
"Those who are not in the main track should be cut and closed."
Therefore, the Jiangsu team died because it was not in the main track of Zhang Dongdong.
Therefore, Inter did not die because it was Zhang Kangyang's main track.
You can say that Zhang's father and son are double standards, but I'm afraid that before the question of life and death, whether to choose Chinese football or Italian football, all fools know the answer.
In fact, even by the strictest standards, Zhang Kangyang's achievements during his years in charge of Inter Milan are qualified: in the 2017-2018 season, Inter Milan won the fourth place in Serie A and returned to the Champions League after six years; In the 2019-2020 season, Inter Milan won the second place in Serie A, only one point short of the championship; The following year, Inter Milan won the Serie A championship after ten years; Last season, Inter retained the Italian Cup title and returned to the Champions League final after 13 years. In the 2023-2024 season, when there are still five rounds left in the season, Inter have already locked the championship of Serie A.
If we operate well, we may be able to feed our father Suning back through the brand effect of Inter Milan.
However, Zhang Kangyang's gamble is a little strong. He borrowed usury from Oak Capital when the capital flow was not sufficient.
Oak Capital is known as the king of non-performing asset management. How can they easily let the company they like escape from the clutches of evil.
However, you don't need to feel sorry for the story of Zhang's father and son. After all, compared with those who used to be good friends, they can still breathe air in the free space. After all, there is one principle in the world that will never change:
"Just live."
However, you two should not touch the football. You are very frustrated.
