Inter owners Suning continue to negotiate with multiple interested parties as they seek investment in the club, with Saudi sovereign fund PIF stepping up their interest in a takeover.
The Chinese retail firm are desperate to bring in funding over the coming weeks as they battle mounting debts and financial uncertainty, and have been in discussions with US fund Fortress over a short-term loan to bridge a gap of €250 million until the end of the season.
As reported in today’s newspaper edition of Il Giorno, despite Fortress leading the way PIF have not given up hope and are looking to purchase a majority stake, although Suning are keen to only sell a minority share and remain at the helm of the Nerazzurri.
The Saudi fund saw an approach for the Teatro alla Scala opera house in Milan rejected and have now focused attention on Inter.
Meanwhile, BC Partners’ hopes of purchasing Inter outright are fading, with negotiations brought to a halt after they were unable to reach an agreement over Inter’s value with Suning. The London-based equity firm had been granted exclusivity in January but have now lost ground in the battle to invest in the Nerazzurri.
