Suning Have Plan To Remain Inter Owners While Bain Capital Talks Continue, Italian Media Claim

Suning Have Plan To Remain Inter Owners While Bain Capital Talks Continue, Italian Media Claim
February 19, 2021 12:15
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Inter’s current owners Suning have come up with a strategy that could enable them to remain in charge of the club, according to an Italian media report today.

As per Corriere dello Sport, rather than sell to BC Partners, who have made what is deemed an unreasonable offer, Suning could obtain a loan to help them cover immediate costs and help them through the Nerazzurri’s delicate financial moment.

Suning could offer up shares in Great Horizon, the Luxembourg-based company through which they control Inter, as collateral in loan negotiations, which could earn them €100-150 million.

They are willing to give them as collateral in negotiations with various partners over the refinancing of the club’s two bonds, which have a total worth of €375 million and are due to expire next year.

American fund Bain Capital are the most advanced in this sort of deal, which must be given the green light by Goldman Sachs, who are advising Suning in their quest for fresh investment.

The €100-150 million would go into Inter in the form of a capital increase or shareholder loan and would guarantee the club something they have lacked of late, liquidity.

The goal, as recalled by the Rome-based publication, is to have everything completed by March.

 

By Cammy Anderson
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