Inter’s lack of transfer activity this month can be attributed to two things, the impact of COVID-19 and the newly imposed Chinese government restrictions, according to an Italian media report today.
Gazzetta dello Sport, via their online edition, highlight that the pandemic triggered an economic crisis, which heavily hit retail, which is Suning’s core business.
Chinese government restrictions in relation to the exportation of capital out of the country have also meant that Suning’s wallets have remained closed throughout the transfer window so far.
Inter are dealing with a lack of liquidity at the moment and it is for this reason that the Chinese conglomerate are seeking fresh financial resources.
Suning are in fact in talks with British private equity fund BC Partners over the sale of a minority or even majority stake in Inter.
BC Partners are currently conducting due diligence of Inter’s accounts at the moment and are doing so on an exclusive basis.
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