According to an Italian media report today, Inter’s founders, Suning, have already rejected a bid worth close to EUR 900 million from BC Partners.
According to Milano Finanza, after their first bid of EUR 880 million was knocked back by the majority shareholders of Nerazzurri, the British-based private equity firm is now planning a second offer.
The parties were in exclusive negotiations for several weeks before, last Friday, BC Partners ended its review of Inter’s accounts without an agreement in place.
Sources close to the Milanese newspaper, however, have insisted that BC Partners remain in pole position to buy into the club, with others claiming that they are the only party with any reasonable chance, maybe within the next few weeks, of reaching an agreement with Suning.
By the weekend or the beginning of next week, BC Partners will send their new bid, requesting a written response from Suning.
The study explained that the time for Suning to reach an agreement was running out, with Inter having to pay back EUR 80 million before 16 February between unpaid wages, taxes, and other debts.