Reports: Suning Selling Share of Inter - football

Reports: Suning Selling Share of Inter



Photo by Claudio Villa - Inter/Inter via Getty Images

As if the on-field product isn?t enough to keep us busy, rumors of a sale have sprung up It?s never easy with this club, is it" Just five years after the Chinese retail company bought Inter, Suning appears to be on its way out, at least in part. Though the coronavirus pandemic dealt a heavy blow to Inter and Suning, the club had been making growths financially and on the pitch under Steven Zhang?s presidency.
Now, though, restrictions on investment in foreign sport imposed by the Chinese government coupled with heavy financial losses from the pandemic mean Suning?s time at Inter could be at an end. At the very least, new investors are vital. And according to reports, BC Partners, a British investment firm with ?23 billion in assets, will step in. According to Reuters, up to 40% of the club will be sold, while an eventual complete takeover by BC Partners could come within several years. For now, though, Suning will continue as the decision-makers and BC will provide much needed financial support. If Suning is able to invest fully, it will buy back the shares. If not, BC Partners will become majority holders.
Reuters: ?BC Partners is in talks to buy into Italian soccer team Inter Milan, four sources familiar with the matter said, as top investor Suning looks for resources to inject into the loss-making Serie A club.?
Though we would all like to see continuity at a club that?s had so lit...
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