Investcorp is the fund who have made an offer worth €1.3 billion to purchase Inter Milan from Suning.
This according to today’s print edition of Turin-based newspaper Tuttosport, via FCInterNews.
Reports yesterday emerged that a fund from the Middle East has made clear that they are willing to make a major financial offer to buy Inter from current owners Suning.
The Nerazzurri owners have been scanning the market for potential buyers via the mediation of investment banks Goldman Sachs and Raine Group.
And reportedly, a big offer is about to come in.
Reports suggest that a fund from the Middle East would be ready to put around €1.3 billion on the table.
This amount would be enough to satisfy the valuation that Suning have placed on the Nerazzurri. It would also be more than the €1.2 billion that RedBird paid to acquire AC Milan from Elliott Management.
Suning have been holding out for an offer in excess of €1 billion.
The price of the Rossoneri has acted as something of a benchmark for the Nerazzurri owners.
And a €1.3 billion bid could be enough to convince Suning, who have so far rejected other offers as not being high enough.
InvestCorp The Fund To Have Made €1.3Bn Offer To Buy Inter From Suning
According to Tuttosport, the identity of the fund who have come forward is InvestCorp.
The Bahrain-based fund have been showing an interest in buying the Nerazzurri for some time now. They had already made an attempt to purchase Inter’s city rivals Milan before RedBird won out.
As Tuttosport note, InvestCorp are based in Bahrain, although they also have significant investment from Saudi Arabia.
The newspaper also report that Suning may not necessarily sell.
An offer of €1.3 billion would certainly be enough to tempt the Nerazzurri owners.
However, Suning are reportedly also considering waiting until the 2025 Club World Cup, seeing how the revenues from that expanded competition affect the situation.
