Raine Group has been quietly searching for buyers for Inter in the last few months. They appear to have found an investor willing to meet Suning’s requests, more precisely, a Middle-Eastern fund. The bank is optimistic the deal could go through, TuttoSport informs.
On the other hand, the Zhang family needs to be swayed with a €1B offer to sell the team. Steven, in particular, wishes to keep ahold of it ahead of the supersized Champions League and Club World Cup, which will start in 2024 and 2025, respectively.
The current Inter ownership will have a decision to make about a sizeable loan issued by Oaktree that helped them bankroll the outfit. Considering the increasing rates, it’s worth up to €400M, while it amounted to €275M initially. Its deadline falls on May 20, 2024.
Since Zhang used the club as collateral, he’ll either have to settle it or refinance it to push its expiration date. That would come at a hefty cost and force the management to keep operating on a shoestring. The Nerazzurri are expected to be in the red by €80M for the past balance session despite their grand Champions League run.
Our Take on the Inter Sale
These rumors have popped up frequently, but Suning never seemed too keen on pulling the trigger. On the other hand, they’d be doing it at a good time given the recent success, and the May deadline is very real.
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