According to Tuttosport and Corsport, an offer for Suning is imminent.
According to reports from Tuttosport and Corriere dello Sport, a Middle Eastern fund is ready to purchase Inter Milan under the conditions set by Suning.
The negotiations are quite advanced, suggesting that an official offer should arrive relatively quickly. Raine Group, the investment bank along with Goldman Sachs, tasked with finding potential buyers, has reportedly found a Middle Eastern entity interested in acquiring a majority stake in the club owned by Steven Zhang. According to these reports, this group is expected to meet the financial expectations of the Chinese ownership.
The Zhang family is operating under a time frame due to the loan of €275 million obtained from Oaktree in May 2021, which must be repaid with interest, reaching the amount of nearly €400 million in the same month in 2024.
Inter has to find a way to pay off their debts, while help from China is stil hugely limited. If Zhang’s club don’t pay off their dues, the shares of Inter left as collateral with Oaktree will be taken by the American fund.
It appears increasingly unlikely that Suning can go beyond this point, and unless some financial miracles occur, they may have to sell their shares. The valuation of Inter by Suning is over one billion euros, but Raine Group now seems to have found a buyer interested and ready to meet this demand.
