Inter Owners Suning Want €1 Billion To Sell Nerazzurri, Italian Media Claim

Inter Owners Suning Want €1 Billion To Sell Nerazzurri, Italian Media Claim
February 4, 2021 12:30
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Inter’s owners Suning are determined to get €1 billion from the sale of the club, according to an Italian newspaper report today.

As per Corriere della Sera’s print edition, BC Partners made their latest offer for the Nerazzurri yesterday and value the club in the region of €750-800 million but Goldman Sachs, who are helping Suning out with the sale process, are determined to get €1 billion.

Steven Zhang’s response to the offer from BC Partners is now awaited.

Everything ultimately comes down to the valuation of Inter, and that also goes for other funds who may be interested in a minority stake or forming a consortium to gain total control.

By the end of this month, at the latest the middle of next month, negotiations for Inter to be sold must be completed.

A lot will also depend on how much money Suning have left available, with the the Milanese publication warning that if it was not much then it would be difficult for them to be too ambitious with their asking price.

Inter are currently in a difficult spot financially and following the loss to Juventus, head coach Antonio Conte even went so far as to suggest that the club’s project came to an end back in August.

So far Conte has managed to keep the team together amid all the corporate uncertainty at the club, and while the players have shown responsibility, it is only natural that they will start thinking about their futures soon.

What is certain, the report concluded, is that a statement from Suning, outlining whether they intend to sell the whole club or only part of the club, would be helpful for everyone.

By Cammy Anderson


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