Finnish businessman Thomas Zilliacus is weighing up a bid to buy Inter Milan from current owners Suning.
This according to news service Reuters, who report that the former Nokia executive is weighing up making an offer to purchase the Nerazzurri over the next few weeks before the final round of bidding closes.
It is no secret that Inter are linked with a potential sale.
The likes of Bahrain-based fund InvestCorp and Italian businessman Andrea Radrizzani are among those linked with bids.
Thomas Zilliacus Considering Bidding To Buy Inter Milan
Now, the name of Finnish businessman Zilliacus is also on that list.
Reuters report that two sources close to the process have confirmed that the Finnish entrepreneur’s interest is serious. The sources wish to remain anonymous.
According to the sources that Reuters spoke to, advisers will set a deadline for the final round of bidding within the next four weeks. They suggest that a purchase of Inter could be completed sometime towards the end of the summer.
Reuters note that Inter owners Suning have been working with US-based investment bank Goldman Sachs and boutique bank Raine Group. This is for the purpose of searching for interest in either purchasing or investing in the Nerazzurri.
Raine Group facilitated the takeover of Premier League giants Chelsea last year.
Zilliacus Previously Linked With Buying Man United
Reuters also note that Zilliacus had previously shown interest buying Premier League giants Manchester United.
According to the news service, the Finnish businessman had attempted a purchase of the Red Devils through his holding company XXI Capital.
However, Zilliacus hadn’t been able to finance the takeover on his own. He had been looking for an equity partner, but didn’t find one.
Suning Deny Negotiations With Zilliacus
Reuters also note that a source representing current Inter President Steven Zhang has denied any negotiations.
Current Nerazzurri owners Suning have always maintained that they intend to move forward with Inter.
However, the looming deadline of a loan from Oaktree Capital could make this difficult.
