Inter owners have rejected an offer from BC Partners
As the club is struggling with a financial crisis caused by the COVID-19 pandemic and new Chinese government restriction, the British-based private equity fund have been in talks with the club’s current owners to purchase the club.
However,
Milano
Finanza
journalist,
Andrea
Montanari
, has reported that
Suning
Group
has rejected the offer of
BC
Partners
on Sunday night.
“The new owners need to arrive before the next transfer window opens because otherwise Inter will have wasted too much time planning their summer business,”
Montanari began.
“Suning rejected the offer of BC Partners on Sunday night, we will see if there will be another one.
“Suning have €530 million bonds due and must repay them.”
Montanari
then explained why
Inter
are tempting to the foreign investors as they are interested in acquiring a stake in the club.
“Inter are tempting for investors because they are one of the few Italian brands that attracts foreign investors.”
In addition to
BC
Partners
, American investment group
Fortress
, who manage $49.9 billion of assets, are interested in purchasing the Milanese club.
“Fortress define themselves as a stress fund, in the sense that they invest on bank loans and therefore on company debts, which is what Elliott did with AC Milan.
“Football is now like a dog chasing its own tail, a smart thing would be to put in a salary cap like in the NBA, ignoring the fact that they are two different businesses.”
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