Thomas Zilliacus ready to test Suning’s resolve with huge bid to buy Inter: Who is he?

Finnish businessman Thomas Zilliacus has announced that he is securing investment to ready a bid to buy out Serie A leaders Inter, after a lengthy pursuit of the club.

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Finnish businessman Thomas Zilliacus is refusing to give up on his pursuit of buying out Serie A league leaders Inter, as he seeks to wrap up a deal for the Nerazzurri.

Zilliacus took to X (formerly Twitter), and as reported by Calciomercato.com, announced that XXI Century Capital, an investment arm of the 67-year-old’s Mobile FutureWorks Group, had secured commitments to raise $2.5 billion.

Inter are currently enjoying a strong season on the pitch, with Simone Inzaghi‘s side sitting top of the Serie A table, but this has been set against a backdrop of financial uncertainty since the COVID-19 pandemic and even earlier.

Zilliacus investing in Italy

The Singapore-based former Nokia CEO revealed that he was also spending time in Italy in order to expedite the process of investing in Inter, whilst also committing to entering the fields of fashion and property in the country.

Indeed, the Finn’s press release indicated that his group were looking to significantly expand their operations in Italy and the announcement came from Como, where Zilliacus has been based for much of 2023.

It is expected that Zilliacus is readying a bid for Inter and could make a formal offer before the end of the year and the investment will receive a fresh injection of funds.

Marcus Thuram and Lautaro Martinez embrace after an away goal for Inter in the Champions League. (@Inter)

Will Suning sell Inter?

Zilliacus has made no secret of his desire to purchase the Nerazzurri, particularly amidst uncertainty over the long-term financial strength of incumbents, Suning Group.

However, as reported by Il Giorno via FCInter1908.it, Suning are expected to push back on any approach from Zilliacus and will seek to retain control of Inter, as they look to refinance a loan taken from Oaktree Capital in 2021.

Even if Suning did decide to sell, it is reported that they would only be willing to part with a minority stake and are keen to remain as the major shareholders in the club, after delivering the Serie A title in 2021 and seeing the Nerazzurri reach the Champions League final last season.

Zilliacus was one of the names heavily linked with a takeover of Premier League side Manchester United, but he seemed unlikely to muscle in on the prospective deals from Sir Jim Ratcliffe and Sheikh Jassim.

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