Suning Would Only Need €33M To Buy LionRock Capital’s Shares At Inter, Italian Journalist Reveals

Suning Would Only Need €33M To Buy LionRock Capital’s Shares At Inter, Italian Journalist Reveals
May 4, 2021 19:00
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Suning may have financial problems at Inter but LionRock Capital are not one of them, as explained by an Italian economics expert today.

Reports in Italy on Tuesday said Inter’s president Steven Zhang was close to securing a €250 million loan deal from Bain Capital or Oaktree, which will help cover the club’s costs until the summer.

Inter were said to be considering using some of that money to buy out LionRock Capital’s 31.05% stake at Inter, which is worth €167 million – but that appears to be wide of the mark.

Il Sole 24 Ore reporter Carlo Festa tweeted: “I keep reading articles on Inter which talk about the difficulty they would have to liquidate LionRock Capital.

“This is the last of their problems, though.

“LionRock’s shares are a ‘portage’, so to speak, and Inter would only need €33 million to buy them.

“Suning loaned them the other €133 million themselves.”

Suning have been in charge at Inter since 2016 and it seems they have no intention of leaving the club, as per a leaked document from Goldman Sachs today.

They will reportedly need to secure fresh investment in the form of a minority shareholder, though, which could be Bain Capital themselves.

Inter’s Serie A title triumph could help ease Suning’s problems in any case, with another expert today claiming that it could persuade China’s government to relax their restrictions on overseas investment.

By Will Beckman

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