Raine Group has reportedly found possible new buyers for Inter Milan, as the exit of Suning is looming ever closer.
According to Tuttosport via FcInterNews, investment bank Raine Group believes it has found an interested party that can satisfy Suning’s financial requests.
The intermediary is highly optimistic, believing we could soon be heading towards the final stretch.
The Turin-based newspaper claims that the interested party is a funding group based in the Middle East.
However, the source notes that Inter president Steven Zhang would like to maintain his hold on the club. The idea of taking part in the Club World Cup entices him.
Nevertheless, if Zhang and Suning decide to remain at the helm, they would have to either pay back or refinance the Oaktree loan. The deadline is set for May 20th, 2024.
As the report explains, this loan has been weighing on the club’s finances in recent years, especially due to the high interest rate (around 50 million euros).
Raine Group Has Found A Middle Eastern Group Interested In Buying Inter Milan From Suning
While Inter have managed to lower the deficit in the budget to 80 million euros, the source reveals that this is mainly due to club’s results on the pitch rather than the work of the corporate management.
So if Suning fails to find a solution for the Oaktree loan in the near future, selling the club would be the inevitable solution.
The report also wonders if a change in ownership would affect the club’s new stadium plans.
The Nerazzurri are currently looking to build a new ground at Rozzano. But the source suggests that the new owners might reconsider the San Siro option.
