Sacramento Kings co-owner Vivek Ranadive is among the parties interested in buying Inter from Suning.
This according to today’s print edition of Turin-based newspaper Tuttosport, who report that the US-based business executive and software engineer is considering a bid for the Nerazzurri, although he would consider Suning’s €1.2 billion valuation to be excessive.
Ranadive is the founder of a number of companies in the IT sector, and former CEO of TIBCO Software, whilst he had also been a shareholder and former Vice-President of NBA franchise the Golden State Warriors before selling his shares in 2013 to take up a position with the Sacramento Kings in 2013.
The US business executive had been among the consortium involved in the passage of AC Milan’s ownership from Elliott Management to RedBird Capital, and could turn his attention to the Nerazzurri.
At the moment, Inter owners Suning have reiterated that their desire is to find business partners to invest in the Nerazzurri rather than to sell the club outright, although the financial situation of the club and the impending deadline for a €275 million loan from Oaktree Capital could mean that they would sell soon.
If this is the case, Ranadive would be among those interested in taking over at the Nerazzurri, although it remains to be seen how serious his interest is.
Meanwhile, Tuttosport also report that should control of Inter fall into the hands of Oaktree in the event that the full amount of the €275 million loan is not paid back in time, the US-based fund’s plan would be to quickly sell the club rather than take over as Elliott Management did with AC Milan in 2017.
