Suning in Talks with Private Equity Fund to Sell Inter Shares

The Suning group, which owns the 70% of Inter, are looking to sell some shares of the club and the private equity fund Bc Partners have begun their due diligence in order to assess the economic situation of the team before deciding whether or not to invest, financial newspaper Il Sole24Ore reported.

The decision was confirmed by CEO Giuseppe Marotta, who spoke to Rai Sport ahead of the Coppa Italia match with Fiorentina: “The ownership is evaluating every opportunity in the best interest of the Inter and in accordance with its historical value. The management know they are operating in a very solid context and that it can count on a very tight technical area. These rumours belong to a superior level and must not affect us.”

The due diligence, which is expected to be completed within a month, will be the last operation conducted by CFO Tim Williams, who handed over his resignations weeks ago but will stay on until the process is completed and his replacement has been found. Bc Partners, which is chaired by Nikos Stathatopoulos could end up with the majority stake if the negotiation is successful.

Walter Sabatini, who previously had an apical technical role within the Suning group, told Sky Sport on Wednesday: “There is not much you can do when the Chinese government intervenes, they are very resolute. During my time, they decided to declassify the investments in foreign football and so our project to create a network of clubs did not move forward.”