Inter Fans Shouldn’t Assume BC Partners Will Buy Nerazzurri From Suning, Italian Journalist Explains

Inter Fans Shouldn’t Assume BC Partners Will Buy Nerazzurri From Suning, Italian Journalist Explains
January 14, 2021 16:20
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SempreInter.com

It is by no means certain Inter will be sold by Suning to BC Partners, according to Italian journalist and football finance expert Carlo Festa.

The British-based private equity fund are being heavily linked with becoming shareholders at Inter, with fresh reports in Thursday’s papers stating they are preparing to buy a majority stake in the club.

BC Partners are currently in the process of conducting due diligence of Inter’s accounts, something which is necessary before making any sort of offer, which could reportedly come in the next month.

However, Festa wrote in Il Sole 24 Ore today: “We will know more by the end of January but I would not assume that BC Partners will buy the club.

“I think that with the current restrictions from the Chinese governments, though, Suning are no longer able to invest the money that Inter need.

“So if it is not BC Partners, in the current conditions, they must still find another partner or buyer.

“The due diligence process for BC Partners will last four weeks and we’re about halfway through.”

Festa also rubbished recent media speculation that has suggested that a Qatar based fund could invest in Inter.

“I have been saying this for years, ever since there was talk of Qatari funds for Cagliari,” he said, as quoted by FcInter1908.it.

“The only real Qatari fund has already invested in PSG; all the others are hoaxes.”

Various report in the media have given various evaluations of Inter with some stating the club is worth around €1 billion and one thing for certain is that if Inter are sold, it will not be for a small amount.

By Cammy Anderson

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