Bahrain-based fund InvestCorp have released a coy response to recent rumours that they are ready to make an offer to buy Inter Milan from Suning.
The fund issued the brief statement via Bloomberg-linked outlet Asharqbiusiness, via FCInterNews, that they can “Neither confirm nor deny these reports” regarding their links to a sizable offer to purchase the Nerazzurri that have emerged in the past couple days.
Rumours about a possible change in owner have been persistent in recent years.
And in the past couple of days, another round of reports have come out.
These have centred around the possibility of an offer that would actually be large enough to meet Suning’s valuation.
To date, the reason that any of the interest in buying Inter has come to nothing has been that no offers have been high enough.
Reportedly, Suning want no less than €1.3 billion to sell Inter. They have used the €1.2 billion fee that RedBird capital paid to acquire AC Milan from Elliott Management as a benchmark.
But now, it could be the case that InvestCorp really test Suning’s resolve.
InvestCorp Respond To Inter Milan Takeover Rumours
InvestCorp have been a name that reports have linked with interest in buying Inter for some time now.
Moreover, the Bahrain-based fund were reportedly also hoping to by Milan before RedBird beat them to the purchase.
Now, it could be the case that the fund get serious and make a very large offer to Suning.
And for their part, InvestCorp have done little to quell the speculation. That is, albeit, without outright confirming their interest.
The official statement from the fund via Asharqbusiness simply reads “We can neither confirm nor deny the recent reports.”
At the moment, the question marks around Suning’s ownership of Inter concern the financial situation at both the club and the parent company.
Particularly, the amount of debt is an issue.
Suning have yet to pay back the large loan that they took on from US-based fund Oaktree Capital in the spring of 2021. That loan was to cover operating costs, and the Inter owners put up the Nerazzurri as collateral.