BC Partners Preparing ‘Decisive Move’ For Inter While Fortress Make First Offer, Italian Media Report
BC Partners are prepared to take a ‘decisive step’ in negotiations to buy Inter from Suning, according to an Italian media report today.
As per La Repubblica, after a bumpy due diligence process which revealed Inter had missed out on €50 million from Asian sponsors, BC Partners could nonetheless make their move to acquire a majority stake in the Nerazzurri.
The British-based private equity fund are far from alone in being interested, though, with the report stating American fund Fortress had also made an offer to Suning, as revealed by Il Sole 24 Ore last night.
Elsewhere today, Tuttosport said a deal for BC Partners to buy Inter for around €800 million was ‘imminent’, while Corriere dello Sport claimed Saudi Arabia’s Public Investment Fund was now leading the race.
La Repubblica’s report also highlighted the fact that Inter have several deadlines they must meet by the end of March, in order to fall in line with UEFA’s financial regulations.
These include a €10 million instalment to Real Madrid for Achraf Hakimi and their players’ salaries for the month of January.