A director of Bahrain-based fund Investcorp has given a coy response regarding the fund’s reported interest in purchasing Inter Milan.
Speaking to Italian news outlet Milano Finanza, Investcorp partner and managing director Nicola Ferraris didn’t rule out the fund’s interest in taking over at the Nerazzurri, noting that there is an “opportunity” at hand.
The corporate situation at Inter has looked in flux for some time now.
Whilst there is still every chance that Suning could remain at the helm, rumours of a sale have been persistent.
One of the major candidates to have emerged to purchase the Nerazzurri are Bahrain-based fund Investcorp.
The fund had reportedly already showed an interest in purchasing Inter’s city rivals AC Milan from Elliot Management before US-based fund RedBird Capital beat them to the punch.
And by all accounts, Investcorp’s interest in Italian football has not diminished.
Reportedly, the fund have already begun raising capital for a prospective takeover.
Investcorp Managing Director On Inter Milan “Opportunity”
Asked about Investcorp’s purported interest in Inter, Ferraris’s initial response was simple – “No comment.”
However, the managing director did have more to say.
“Investing in a single club is complicated,” he noted. “Because financial performance is closely linked to sporting performance.”
“Success or failure to qualify for the Champions League entails several million euros in revenues, more or less,” he continued. “And that depends on how the team is structured and on how the club is managed, but also on a fair amount of luck.”
“Sport is a business in which there are factors which are not entirely within our control,” Ferraris noted.
“With that being said, historical clubs with a big global brand and, above all, a growing global market potential, do present an opportunity.”
“Notwithstanding the high risk it entails compared to other investments,” Ferraris added by way of a caveat.
