Suning are looking for new financiers and minority partners, but are not looking to sell their majority stake in Inter, according to a report from today’s paper edition of the Turin based newspaper Tuttosport.
The report details how Suning have entrusted Goldman Sachs to help them find banks or funds that would be willing to refinance two bonds, worth a total of €375 million, which expire next year.
They are also looking for minority shareholders who can provide liquid support to Inter during this period, which is further impacted by the Chinese government’s restrictions on football investments.
In recent months, Suning have rejected an €800 million offer for Inter, believing that the Milanese club is worth at least €1 billion.
The new capital could come from the United States, with the project for a new stadium being closely followed. This would only come in the form of refinancing the bonds or as new minority shareholders, as Suning do not want to sell the club.
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