Negotiations between Inter’s owners Suning and American private equity fund Fortress are proceeding quickly, according to an Italian media report today.
As per Il Sole 24 Ore’s print edition, Fortress are trying to speed up their entry into Inter and there could well be an agreement reached by the end of the month.
Fortress have offered a loan worth a total of €250 million, €150 million of which would be paid immediately and the remaining €100 million at a later date.
Inter president Steven Zhang has entrusted Suning’s negotiations with the US based group to Simon Yang.
Talks are not being conducted on an exclusive basis, therefore negotiations with other parties such as Bain Capital and PIF can still take place – although the talks with the Saudi fund are at a very preliminary phase.
Suning’s talks with BC Partners, meanwhile, are said to have reached a standstill.
There has been talk of Inter being sold or external investment being made in the club for several months now, with Suning understood to be looking to offload the club.
