Even the Corriere dello Sport confirmation: the top management of Inter, including the president Steven Zhangthey met yesterday Goldman Sachs, an American bank and Suning advisor that has also successfully completed the recent refinancing of the bonds. The meeting, explains the newspaper, had been scheduled for some time to work on the financial report of Inter Media, expected by the end of October and for which the “group budget is also being worked on, which could be heavier than expected, because it incorporates the contractual resolutions of Vidal and Sanchez as well as the probable one of Lazaro. As with other big players involved in the settlement agreement with UEFA, Inter will agree to anticipate some costs to lower the burden of the squad compared to revenues in the years in which it will be monitored by the new Financial Fair Play “.
Obviously, however, the presence of Goldman Sachs rekindles the rumors about the sale of the club. “Certainly not new, having been known for weeks that the US bank is again probing the market for a buyer – writes the Roman newspaper -. For two years, the Chinese property has been looking for an exit: this newspaper first talked about it in January 2021 and the subsequent negotiation (with relative due diligence) with an English background BC Partners it vanished due to differences on the overall valuation of BC (750 million, including debt). Zhang would raise the bar to 1.2 billionit is no coincidence that Elliott’s price for the sale of Milan “. This is an evaluation that would allow the property to put in cash about 450 million because the price would have to” deduct the debt (415 million are the bonds issued by the subsidiary Inter Media) but Zhang should then buy the shares in the hands of Lion Rockpaying 150 million to the Hong Kong fund and should also release from the pledge Oaktree all shares: 68% in its possession and 31% in Lion Rock “, is explained.
In recent months, the system of Asian commercial relations on which Suning’s business model was based seems to have stalled and the management’s efforts to attract new partners have not yet been able to compensate economically. L’appeal of Inter is tied in primis to the interest that Serie A clubs continue to attract among American investors. What’s more, the project for the new stadium remains in the background. “If we take Juve’s market value (880 million) as a comparison, the asking price for Inter would also be reasonable but RedBird bought Milan also thanks to a vendor loan granted by Elliott: a card that Zhang could playdeferring the collection “, assumes at the end of the Corsport.
