Inter ownership: Raine Group in contact with Middle Eastern fund interested in purchase of Nerazzurri

The Suning ownership of Inter has been characterised by speculation, and the latest potential buyer for the club could be based in the Middle East.


Since April 2023, questions have been swirling around the future of Steven Zhang‘s ownership of Inter. However, little information has been available about the situation at the Serie A club and any possibility of the club being sold. 

Calciomercato revealed on September 22, 2023, that United States-based investment bank Raine Group has been in contact with an interested party who could meet Zhang‘s demands to change ownership of the Nerazzurri.

This has led to uncertainty resurfacing, leaving many wondering what the near future holds for Inter

The current landscape at Inter

On the pitch, the Nerazzurri are enjoying a good start to the 2023/24 season, their Serie A Matchday 6 loss at home to a Domenico Berardi-inspired Sassuolo aside.

However, off the pitch, a loan repayment of €275 million to Oaktree is hanging over the club. However, Calcio Mercato revealed this figure is estimated to be closer to €400m due to the 12% rate interest attached to the deal.

Although the club could refinance these payments, this would at least double the interest rates attached to the original loan. With their long-term ownership unknown, this could be an option that Inter turn to. 

The details provided by the Raine Group

Inter Women line up ahead of a game. (@Inter_Women)

Details have been provided by the US investment bank. However, officials around Zhang feel there are indiscretions attached to the information presented. 

The interested Middle Eastern party is said to be InvestCorp, a company from Bahrain. They manage assets with a value of around €50 billion. It is a private equity fund rather than a sovereign wealth fund which means they have to convince investors on any deal to buy Inter. It would not be as simple as, for example, the Saudi Arabian Public Investment Fund’s purchase of Premier League side Newcastle United.

The simple fact is that they would have the funds to match Zhang’s valuation, which is believed to be around €1.3bn, €100m more than what RedBird Capital paid for AC Milan in 2022. 


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