The print edition of Turin-based newspaper Tuttosport reported yesterday that Investcorp, a Bahrain-based global manager of alternative investment products, has made clear that they would be ready to put around 1.3 billion euro ($1.39bn) on the table to buy Inter Milan from current owners Suning.
Investcorp have been showing an interest in buying the Nerazzurri for some time now, says the report. They had already made an attempt to purchase Inter’s city rivals Milan before RedBird won out.
The newspaper also report that Suning may not necessarily sell. An offer of 1.3bn euro would certainly be enough to tempt the Nerazzurri owners.
The Nerazzurri owners have been scanning the market for potential buyers via the mediation of investment banks Goldman Sachs and Raine Group. And reportedly, a big offer is about to come in.
This amount would be enough to satisfy the valuation that Suning have placed on the Nerazzurri. It would also be more than the 1.2bn euro that RedBird paid to acquire AC Milan from Elliott Management.
Suning have been holding out for an offer in excess of 1bn euro.
The price of the Rossoneri has acted as something of a benchmark for the Nerazzurri owners. And a 1.3bn euro bid could be enough to convince Suning, who have so far rejected other offers as not being high enough.
However, Suning are reportedly also considering waiting until the 2025 Club World Cup, seeing how the revenues from that expanded competition affect the situation.
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