Inter’s owners Suning and prospective investors BC Partners remain €250 million apart on their valuations for the club, according to an Italian newspaper report today.
As per Tuttosport’s print edition, Suning believe the Nerazzurri are worth €1 billion while the British private equity fund value the club at €750 million, including debts.
BC Partners are negotiating on an exclusive basis with the Chinese conglomerate and if BC Partners are to come in at Inter, it will be on an autonomous basis and not with the help of another company or fund, as certain reports yesterday suggested could be the case.
LionRock Capital, Inter’s current minority shareholder, will certainly leave in the event BC Partners and Suning come to an agreement over Inter.
Therefore, the only possibility of any collaboration at the club is that BC Partners and Suning work together, although it is difficult to imagine that Suning could remain at Inter with a significant stake.
BC Partners are analysing Inter’s accounts as part of the due diligence process and the analysing of the accounts is said to be complex, with the Turin-based outlet reporting that it is not easy to untangle the network of sponsorship agreements Suning have signed with Chinese companies and agencies.
Revenues Inter are owed from China equate to €50 million but it is difficult to get money out of China and as a result there is a lack of liquidity at the club.
