Inter owners Suning have seen concerns over their finances eased somewhat after selling a 23% stake in the company to Chinese state investors, in a deal worth €1.9 billion.
The Chinese retail firm have seen financial pressure mount over the course of the season, with wage and transfer fee deferrals taken out and ongoing discussions over the sale of the club.
As reported in today’s newspaper edition of La Gazzetta dello Sport, the sale of Suning shares domestically has given them some breathing space at Inter and reduced the need to rush through a sale.
Offers from the likes of BC Partners, PIF, and Fortress will now be considered, with Suning owners the Zhang family now favouring selling a minority stake in the club and remaining at the helm as the senior partners.
Saudi Arabian fund PIF are thought to be ready to submit a bid of €300m for a 30% stake in the club, as Suning look for short term investment.
Spending by the Chinese firm has slowed considerably over the past year with finances affected by the ongoing coronavirus pandemic, but they had previously invested €720m in Inter from 2016 until June 2020.
