BC Partners will either buy the majority, if not all of Inter’s shares, or not enter the club at all, according to an Italian media report today.
The investment fund have been strongly linked with investing in Inter in the past few days and as per the print edition of Friday’s Corriere dello Sport, potential investors value Inter in the region of €400-500 million in addition to the net debt of around €350-400 million.
The report goes on to explain that negotiations of this calibre cannot simply be limited to minority entries into Inter or any company for that matter.
BC Partners, one of Europe’s most renowned investors, have already declared their desire to take control of companies via their website.
They have an interest in taking control of companies with poor results, reorganising them, improving the performance and then selling the company in question on.
They will typically hold on to a company for five to seven years and aim to have at least doubled the companies value in a five-year period. If these conditions cannot be fulfilled, the investment will not be concluded.
The report adds that if Inter were to come under control of the fund, there would be a radical change of direction, starting with a re-balancing between Inter’s costs and revenues.
Inter have an almost 30-year-long history of making a loss in their budget and over the past five years, Inter are €300 million in the red, despite finding themselves under UEFA financial restrictions for much of this time.
Inter’s current squad has a huge cost of €283 million between wages and deprecation compared to their revenues of €372 million.
Unless revenues sensationally spike post-COVID-19, an end to big money signings and crowded squads can be expected.
The Nerazzurri club could therefore possibly adapt a model similar to that of AC Milan, RB Leipzig, Red Bull Salzburg, Lyon, AS Monaco and others.
Inter could also look to Bayern Munich, Arsenal and Liverpool’s models when it comes to turnover.
As things stand, there is a great distance between supply and demand, with Suning valuing Inter at €960 million but things are wide open and BC Partners coming in would be good for all of Italian football.
