Inter, new Middle Eastern fund pops up

Inter, the future

A Middle Eastern fund shows interest in taking over a majority stake in Inter, meeting the conditions set by Suning. According to reports from Tuttosport and Corriere dello Sport, it appears that an official offer could be submitted soon. The investment bank Raine Group, in collaboration with Goldman Sachs, has reportedly identified a potential investor from the Middle East for the acquisition of Steven Zhang’s Nerazzurri club. Raine Group believes that this interest can meet the demands of Chinese ownership.

The Zhang family aims to repay the €275 million loan obtained from Oaktree by May 2021. Interest would bring that figure to nearly 400 million by the same date of 2024. Otherwise, it will be necessary to find a way to refinance the loan, perhaps through the entry of a partner in the company. Otherwise, the Inter shares mortgaged to Oaktree will be acquired by the American fund.

All these factors indicate that Suning is unlikely to be able to go any further, and barring financial miracles, it will have to divest its shares. However, the stadium project and participation in the Club World Cup could help President Zhang hang on. È it is important to remember that Suning values Inter over 1 billion euros. According to Raine Group, però, there now appears to be a buyer interested and ready to make an offer to meet this demand.