Suning Attracting Interest From US Consortium For Inter Investment, Italian Media Report

Inter could soon receive new investment from the United States, according to a report in the Italian media today.

Milano Finanza’s print edition said the Nerazzurri were subject to interest from a SPAC (Special Purpose Acquisition Company) which was preparing to float itself on the Wall Street stock exchange.

SPACs are enjoying great success in the US at the moment, with 297 promoted during the first three months of 2021 alone for a combined worth of $97 billion.

This particular operation regarding Inter is reportedly being driven by an American businessman, who wants to follow the lead of some compatriots by investing in football – despite Serie A not being at its peak currently.

Back in Italy, Inter’s owners Suning are considering issuing a new bond for around €250 million, which would in part help them repay the previous bonds – worth €375 million – which are maturing in 2022.

The move would increase the Nerazzurri’s debt still further, the report explained, but it would also help solve Inter’s liquidity problems.

Suning would also use part of the €250 million bond to buy out LionRock Capital’s 31% stake at Inter.

MF said other funds such as Fortress, Oaktree and Bain Capital were still interested in getting involved at the club and could look to become minority shareholders.

Inter could seek a bridge loan worth €80 million from Goldman Sachs, meanwhile, as Suning prepare to reshuffle the club’s corporate setup in June.