Suning Have ‘No Desire’ To Sell Inter After Super League Plans Announced, British Journalist Reports

Suning Have ‘No Desire’ To Sell Inter After Super League Plans Announced, British Journalist Reports
April 19, 2021 17:00
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Inter’s owners Suning have no intention of selling the club outright, according to a leading British journalist today.

Sports writer Ben Jacobs said Suning were open to recruiting a new minority shareholder for the Nerazzurri, as they look to solve the club’s liquidity issues.

Inter’s involvement in the new European Super League is an important factor in Suning’s decision to stay, he explained, with the club set to receive a huge financial windfall by taking part in the tournament.

Suning are instead looking for a partner or ‘stop-gap financing’ to get the club on a firmer financial footing in the short-term.

They have already taken a loan from Goldman Sachs which is said to have ‘fast repayment terms’, which could be a sign that Suning are expecting to secure new resources soon (so that they can repay the loan).

Suning have considered selling Inter previously, according to this report, but now that is not the case.

They have been majority shareholders at Inter since purchasing a 68.55% stake from Erick Thohir in 2016.

By Will Beckman

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