Here is Investcorp’s response to the recent rumors about a possible €1.3 billion offer to buy Inter:
In the past few hours, there have been significant developments regarding the offer delivered to the Zhang family by the investment bank Raine Group.
According to reports from Tuttosport, the offer is said to have come from a Middle Eastern fund linked to the Saudis, ‘Investcorp’. While based in Bahrain, the fund does indeed attract substantial investments from Saudi Arabia.
The fund has been repeatedly associated with the Nerazzurri club in recent months. While the interested parties are negotiating, Suning has set a high asking price for inter, which with bonuses included, is said to be 1.3 billion euros, which is 100 million euros more than the Elliott-RedBird deal for Milan.
Investcorp’s Response: The newspaper Iqtisad Al Sharq contacted Investcorp to confirm the accuracy of Tuttosport’s information. Their response was: “We neither confirm nor deny the news.”
Mohammed Al-Ardhi, CEO of Investcorp, confirmed in a 2022 interview with the same newspaper the “significant” interest of his company in investing in sports, “especially in European football clubs,” and mentioned that they were still looking for the most suitable opportunity.
