Suning and BC Partners remain in negotiations over the possible sale of Inter, according to an Italian report today.
As per Il Sole 24 Ore journalist Carlo Festa, BC Partners have offered €750 million to Suning for the Nerazzurri, but this offer falls some way short of the Chinese conglomerate’s asking price, which sits at no less than €1 billion.
In order to bridge the gap between their valuations, the parties are said to be discussing an earnout clause, which would see Suning receive additional payments based on Inter’s future performance after the club is sold.
This would enable them to avoid making a heavy loss during any deal, while also allowing BC Partners to remain firm on their initial valuation.
The report from the Italian business newspaper went to claim that if they could go back in time, Suning would not buy Inter or invest in any football team for that matter.
Sporting losses have played a big factor in the losses made by the Chinese e-commerce giants in a year that has saw the real estate sector collapse due to the COVID-19 pandemic.
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