InvestCorp are keen to buy Inter, as they believe that there is a real opportunity to exploit an opportunity in Italian football, and they feel that current owners Suning could soon be ready to sell.
This according to today’s print edition of Italian business newspaper Il Sole 24 Ore, via FCInterNews, who report that the Bahrain-based fund are putting together a dossier in the hope of attracting other investors because they feel that the time is right to complete a takeover of the Nerazzurri.
Yesterday it was reported that InvestCorp are reigniting their interest in buying Inter from Suning.
Today, Il Sole 24 Ore go into more detail on the Bahrain-based fund’s interest.
The business newspaper report that InvestCorp are now actively looking for investors in a potential consortium, and that they are principally looking at possible investment from within the country of Bahrain.
According to Il Sole 24 Ore, InvestCorp have long targeted taking over a big club within Serie A, as Italian football is seen as having a lot of unrealized potential under the current club owners.
The fund had been widely reported to be pushing to take over AC Milan from Elliott Management before RedBird Capital eventually swooped in and completed a takeover of the Rossoneri.
However, it was later reported that InvestCorp had in fact been interested in purchasing the Rossoneri’s city rivals Inter first, before turning their attentions across the derby divide.
According to Il Sole 24 Ore, this interest both in Italian football and in the Nerazzurri specifically never really went away.
Initially, the fund had cooled their interest because they were made to understand that Suning would have no interest in selling Inter, at least not at below their €1.2 billion valuation.
However, the Bahrain-based fund have continued closely following the Nerazzurri’s situation under Suning, and have come to believe that it could be possible to complete a takeover given the pressure being put on the current owners due to the looming due date of the massive Oaktree loan.
Il Sole 24 Ore report that as of yet InvestCorp have not gathered enough interest to move forward, but that they are very serious about trying to do so.
