Bahrain-based fund InvestCorp are aiming to raise up to $654 million USD from investors as part of a bid to buy Inter from current owners Suning.
This according to business news outlet Economy Middle East, who report that the fund are aiming to form a consortium with enough funds to purchase the Nerazzurri, targeting between $545 million and $654 million.
A few days ago, Italian business newspaper Il Sole 24 Ore reported that InvestCorp have rekindled their interest in buying the Nerazzurri from Suning.
The Bahrain-based fund have already been linked with the Nerazzurri in the fall, whilst reports suggested that the fund had in fact been interested in acquiring the club prior to their well-publicized pursuit of AC Milan.
Economy Middle East provides confirmation of InvestCorp’s serious interest in purchasing the Nerazzurri from Suning.
The outlet notes that in the event of a takeover of the Nerazzurri by InvestCorp, “it would mark a significant expansion of the firm’s sports portfolio, which already includes ownership stakes in several sports teams and leagues, including the National Football League (NFL) team, the Jacksonville Jaguars, and the Spanish football league, La Liga.”
The report notes that the Bahrain-based fund see there being a real opportunity within European football, and particularly in the big Italian football clubs, and that an acquisition could be quite lucrative.
At the moment, InvestCorp are at the stage of looking for investors, with Economy Middle East reporting that the fund are in talks with potential investors from Brahrain.
The aim would be to form a consortium with sufficient funding to purchase the Nerazzurri.
Should such a consortium be formed, the ball could pass into the court of current Inter owners Suning.
The rumours that the current owners could sell Inter have been persistent given the Chinese company’s post-pandemic financial issues, although for their part Suning have always denied them and have looked for minority investment rather than to sell the club outright.
It has also been widely reported that the current owners’ valuation of the club is in the region of €1-1.2 billion.
However, it has also been reported that with the deadline of a massive loan taken on to support the Nerazzurri from US-based fund Oaktree Capital looming next year, Suning could feel forced to act and sell the club.
Meanwhile, former Inter CEO Ernesto Pellegrini has also hinted at the possibility of an Italian takeover of the Nerazzurri on the horizon.