A Middle Eastern consortium is ready to make an offer to purchase Inter Milan from current owners Suning.
This according to today’s print edition of Turin-based newspaper Tuttosport, via FCInterNews.The newspaper anticipates that the guarantees on the funding are currently being prepared, considering that it would be a €1.3 billion offer.
Rumours about a possible change in owner have been persistent in recent years.
And towards the end of last month, a new round of speculation started up.
These rumours centred around the possibility of an offer that would actually be large enough to meet Suning’s valuation.
Specifically, Bahrain-based fund InvestCorp have been at the centre of these rumours.
This is not the first time that there have been links between the fund and a possible purchase of Inter.
But recent reports suggest that InvestCorp have indicated that they are willing to make an offer as high as €1.3 billion to purchase Inter.
Middle Eastern Consortium Preparing Offer To Buy Inter From Suning
According to Tuttosport, the interest from InvestCorp is very real.
Moreover, the Bahrain-based fund will also involve other investors as part of a larger consortium.
The consortium’s intention will very much to be to provide an offer which Suning will feel that they cannot refuse.
According to Tuttosport, Suning are well aware of the consortium’s intention to make this large offer.
The Nerazzurri owners have been scanning the market for buyers or investment via US investment banks Raine Group and Goldman Sachs.
And the banks are now monitoring the situation with a potential InvestCorp-led consortium.
At this stage, Tuttosport report, the main issue is verifying the availability of the funding.
Therefore, the wait will be to ensure that a prospective consortium would be able to finance the move.
Accordingly, it may well soon be down to Suning to decide whether to accept a bit.
