No Formal Deadline For BC Partners To Complete Due Diligence At Inter, Italian Media Reveal

No Formal Deadline For BC Partners To Complete Due Diligence At Inter, Italian Media Reveal
January 21, 2021 17:20
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BC Partners do not need to rush their due diligence of Inter’s accounts as there is no fixed deadline from owners Suning, according to an Italian media report today.

As per La Repubblica’s print edition, there is no written date by which Suning will allow other interested parties to begin their own due diligence processes, because Inter are not listed on the stock exchange and therefore there are no obligations.

If and when BC Partners wish to make an offer, Suning boss Zhang Jindong can take time to consider it before responding, provided Inter’s liquidity issues do not become more urgent.

The Nerazzurri must pay their players’ salaries for the months of July and August 2020 before the Italian Football Federation’s deadline of February 16, otherwise they could face a points deduction in Serie A.

BC Partners, a British private equity fund, have been linked with investing into Inter for a few weeks now but they are far from alone in having been linked with buying into the club.

American, Swedish and Singaporean funds have all been linked as speculation concerning Suning’s plans for the future continues.

By Cammy Anderson
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