Inter sale not dead yet. Suning were in talks with the British firm, BC Partners. The Nerazzurri president insisted that they do not want new owners for the club. Instead, they are looking for new minority shareholders. Inter is in urgent need of capital. So much so that player wages have been delayed. In fact, the San Siro project is obstructed due to Inter’s unknown future. Until the Nerazzurri find a fixed owner, the San Siro project will not be resumed.
Inter are short of cash since the 19/20 season as Inter invested a great deal during the summer of 2019. And the Coronavirus pandemic has given a blow to not just them but also to other massive clubs. The Nerazzurri are on the lookout for new investors for a while now and even if the talks with BC Partners ended; there are few more in line. Suning took over the club from Erick Thohir in 2016.
Inter sale not dead yet, still in negotiation with BC Partners
Inter sale not dead yet after the Nerazzurri president Steven Zhang seemed to have ended negotiations. The conditions to continue the negotiations with BC Partners didn’t exist, reported Italian media. While there is a huge difference between the valuations of the two parties, the talks haven’t come to an end yet.
EQT, Temasek, Ares Management, Arctos Sports Partners, Fortress, and Mubadala are amongst the few groups interested in investing in Inter. Suning announced their strategy for 2021 on Twitter. They believe that the market will be steady this year. The Nerazzurri have spent the most on transfers in the past 5 years at €352 million. They have also made profits of €33.5 billion from their website sunning.com. Some fans are hoping for the Suning to remain the majority shareholders as selling to an equity fund can lead to limited investments in the future.