Suning are close to agreeing a €270 million loan deal with Bain Capital for Inter, according to a report in the Italian media today.
Il Sole 24 Ore’s print edition said Inter’s owners were due to secure a deal worth more than the initial €200-250 million they were seeking.
Suning and Bain Capital are sorting the final details of their ‘complex financial arrangement’, which will see the money paid to Great Horizon, the Luxembourg-based company through which Suning control Inter.
Great Horizon would then send the money to Inter through an injection of capital, helping the club ease their well-documented financial problems.
Suning would use the new money to buy out LionRock Capital’s 31.05% stake in the club – a move which would give them 100% control at Inter – and then look to sell Inter’s minority stake to another group in the future.
Fortress and Oaktree remain in contention as alternatives options to Bain Capital for Inter, although Oaktree are only prepared to agree a deal worth €150 million.
