Suning Ended Inter Talks With BC Partners After Disagreement On Price, Italian Media Reveal

Suning Ended Inter Talks With BC Partners After Disagreement On Price, Italian Media Reveal
March 30, 2021 22:30
( )

BC Partners will almost certainly not be taking over at Inter anymore, according to a report in the Italian media today.

Il Giorno’s print edition explained that Suning’s talks with the British-based private equity firm were practically over, following months of speculation about a sale.

Suning never budged from their €1 million valuation for Inter while BC Partners were only ever willing to offer €750 million to buy the club.

Both parties remained rigid in their initial positions and have therefore never been close to agreeing a price for a deal.

Suning have since moved onto a different strategy and are now exploring the possibility of a loan, the report continued, which would enable them to remain Inter’s owners.

Earlier today, the Chinese retail giant reiterated that they were committed to supporting Inter financially after the Nerazzurri held a board meeting over a video call.

Inter recorded a €62.7 million loss during the second half of 2020, a figure which could nonetheless have been worse given the drop in revenues thanks to COVID-19 and playing in empty stadiums.

By Will Beckman
Close

Subscribe

to our newsletter