- Investcorp has reportedly made an offer of €1.3 billion to acquire Inter Milan from Suning. The potential acquisition offer was disclosed in the Turin-based newspaper Tuttosport, via FCInterNews. Recent reports had indicated that a Middle Eastern fund was keen on making a significant financial bid to purchase Inter from its current owners, Suning. The owners of Nerazzurri have been exploring potential buyers through investment banks Goldman Sachs and Raine Group.
- This proposed offer of €1.3 billion matches the valuation set by Suning for Inter Milan and exceeds the €1.2 billion that RedBird paid for AC Milan from Elliott Management. Suning had been holding out for offers surpassing €1 billion, with AC Milan's sale price serving as a reference point for Nerazzurri's owners.
Why it matters
InvestCorp, based in Bahrain with notable investment ties to Saudi Arabia, is identified as the fund behind this substantial bid. InvestCorp has expressed interest in acquiring Inter Milan for some time, having previously attempted to acquire the club's city rivals, AC Milan, before RedBird's successful bid.
