While Bc Partners are expected to up their offer to buy the majority stake of Inter, after the first one come up short of expectations, Suning are in talks with other funds to sell at least part of the shares of the club, Corriere della Sera reports.
The outlets informed that the current ownership is going to honor their commitments for the rest of the calendar year, however it will try to cut costs and will look for a way out if they receive the right bid. Coach Antonio Conte stated before the Fiorentina game that the project came to a halt in August when the Chinese government mandated to stop investing in foreign football.
Bc Partners offered €750M including absorbing the €400M debts, but the proposal was considered insufficient as the Zhang family want over €1B. Some developments on this front, one way or the other, should come within the week as it is currently the most serious option on the table.
Suning would prefer the entrance of a minority partner and for such reason they are searching for other potential investors. They have been reportedly negotiating with the American fund Ares, which handles assets for €149B dollars, mostly in financing, private equity and real estate. Furthermore, Sole24Ore reported that also Fortress, Mubadala and EQT are interested, but neither has started the due diligence and therefore nothing is imminent. Inter CEO Giuseppe Marotta recently said that he hoped the matter would be resolved quickly in order not to affect the players and the results.