Inter owners Suning are linked with a sale of the club to a fund owned by US businessman Daniel E. Straus.
This according to today’s print edition of Rome-based newspaper Corriere dello Sport, who report that the owners have been negotiating with the businessman on a sale and that they remain firm on their valuation of €1 billion.
Despite their continued running of the club and denials that they are hoping to sell, Suning have been actively looking for buyers according to the report.
One of the most realistic candidates to purchase the club uncovered by the survey of potentially interested parties carried out by an investment bank at the behest of the owners has been Straus.
Straus is the head of a group which manages clinics and nursing homes, but also manages a fund which deals in real estate and private equity, including sports teams.
Up until 2018, Straus had been the Vice-President of NBA team the Memphis Grizzlies, after having bought a stake in the team, and he had also made a failed attempt to buy a stake in the Minnesota Timberwolves.
So far, the report states, the businessman has not done the due diligence for a sale, but likely has enough information from the negotiations and his studies of the club to make an offer.
Even if the negotiations are serious, however, it remains to be seen whether the fund headed by Straus will be ready to meet Suning’s valuation of the club, even with the prospect of a new stadium being built.
