Inter need 200 million as soon as possible | Football24 News English

The crisis caused by Covid-19 has hit Inter very hard, whose situation was analyzed by the Financial Times. According to the media, their owners need to quickly raise at least 200 million due to their financial difficulties and the expenses of recent years in the transfer market. The Suning group is looking for new investors and has been in contact with the BC Partners fund in recent weeks, although the parties did not find an agreement on the valuation of the entity and, for now, the negotiation has been broken.

The nerazzurri they continue to speak with BC Partners and other potential investors (Ares Management, Fortress Investment Group, EQT and Arctos) and are working on the operation with the advice of Goldman Sachs. The current owners of Inter value the club at 900 million euros, while BC Partners, according to sources from the Financial Times, it reaches about 750 million. The negotiation is defined “fundamental by the precarious situation of the entity”, which quickly requires an “injection of cash” for the next season. During this year, Suning has promised to cover the expenses and the media claims that The Chinese group sees it much more likely to sell a stake in Inter, although that would mean a loss of its initial investment, rather than allowing the club to declare bankruptcy.

The pandemic caused losses for the Milanese of 102 million euros last year. Meanwhile, Suning must face financial pressures in China, which have prevented it from continuing to invest in the Serie A club, also due to the recent crackdown by local authorities against capital outflows abroad.