Inter owners Suning are ready to sell the club and a clearer picture of the ownership situation could appear within weeks, according to Italian journalist Marco Bellinazzo.
The Chinese retailer bought a controlling stake in the Nerazzurri in June 2016 from former Presidents Erick Thohir and Massimo Moratti, but mounting debts have seen them engage in discussions over a sale.
British equity fund BC Partners have entered into a period of exclusivity to assess Inter’s financial accounts ahead of a proposed takeover, and are currently completing due diligence.
Speaking on Italian television programme 90 Minuto on Rai earlier today, Bellinazzo gave an oversight into why Suning were looking to sell and what the short-term future of Inter could hold.
“An unthinkable situation emerged for Suning around six months ago, caused by the financial crisis from the coronavirus pandemic and diktats from Beijing,” Bellinazzo claimed.
“Inter is drawing interest from private equity funds and Suning are considering selling. The funds could also join together to form a consortium, meeting Suning’s valuation of €450 million plus covering the club’s debts to reach €750m.
“I think that the next few weeks will see some movement and some surprises in this regard.”
Inter are facing increasing financial concerns and took steps to defer wages to playing staff from July and August, with the owed amounts now to be paid in February. Similar measures have been taken to defer November and December wages until May.
