Suning Still Want To Remain Inter Owners ‘For A Long Time’, Italian Media Assure
Inter’s owners Suning are still hoping they are not forced to sell the club, a report in the Italian media explained today.
As per Corriere della Sera’s print edition, sources close to Suning have assured they will guarantee Inter’s economic stability until the end of 2021, despite serious liquidity issues.
Suning are seeking a minority shareholder who can help them through the difficult period caused by the COVID-19 pandemic, but they remain intent on staying Inter’s owners in the long term.
The report warned that there was no guarantee they would be able to do this, though, with the Nerazzurri’s financial problems becoming more acute with each passing week.
BC Partners recently submitted an offer worth €750 million to Suning to buy Inter, but the Chinese retail giant deemed it too low because they still want €1 billion.
It remains to be seen if negotiations will evolve with BC Partners or with one of the many other interested funds, such as Bain Capital, EQT, Ares Management and Fortress.
The Milanese publication said Suning were hoping to secure a new partner quickly so that Inter’s off-field problems did not derail their sporting endeavours, with Antonio Conte’s side facing a tricky trip to Fiorentina in Serie A tonight.