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Tag: Raine Group

A Saudi fund is concretely interested in taking over Inter. It’s not simply speculation, but it has been conducting the due diligence on their finances.

Chatter Regarding Inter Sale Starts Gaining Momentum

September 25, 2023 Enrico Passarella Inter Milan, Italian Football, Serie A
A Saudi fund is concretely interested in taking over. It’s not simply speculation, but it has been conducting the due diligence on their finances for a few weeks. They could soon lodge a bid to Raine Group, the bank that received the mandate to find buyers.
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Steven Zhang, assisted by Goldman Sachs, is looking to buy time to find the money to repay a mammoth loan from Oaktree, which he used to finance Inter.

Fresh Rumours About a Potential Inter Sale Resurface

September 22, 2023 Enrico Passarella Inter Milan, Italian Football, Serie A, Serie A 2023-2024, Transfer Market
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 this time.
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