Multiple reports from Italy suggest that the Saudi family negotiating a possible takeover of Inter have tasked a law firm to analyse the club’s finances.
On Saturday morning, La Repubblica reported that a family from Saudi Arabia not linked to the state investment fund PIF were in the early stages of negotiations with Nerazzurri president Steven Zhang and Suning regarding a possible takeover deal.
For months now, rumours have been circulating regarding the future of Zhang and Inter, with the impending deadline of the Oaktree loan – a debt of over €375m – fast approaches. A new deal needs to be struck by May 20th for Suning to avoid losing control of the club.
Inter finances examined
As reported by Corriere della Sera and Il Sore 24 Ore via Calciomercato.com, the aforementioned Saudi family have hired a well-respected law firm based in London to start collecting as much information as possible regarding Inter’s financial situation. Zhang and Suning value Inter at around €1.2 billion.
Official documents, budget reports and even the minutes of recent Board of Directors meetings have all been sent over ahead of an official due diligence report. The Saudi family are keen to understate the full extent of the economic landscape at the Nerazzurri before taking the next steps.