Zilliacus ready for ‘updated, friendly offer’ to purchase Inter

Inter President Steven Zhang looks on ahead of the Coppa Italia Final soccer match between ACF Fiorentina and FC Inter, in Rome, Italy, 24 May 2023. EPA-EFE/CLAUDIO PERI

Finnish entrepreneur Thomas Zilliacus has signed an agreement for $2.5 billion and will use part of the money for an ‘updated, friendly offer’ to buy Inter.

Zilliacus has often expressed his interest in buying the Nerazzurri over the last few months.

He said in one of his most recent interviews that club President Steven Zhang was unwilling to sell the club, but the Finnish businessman is now ready to make a formal offer to buy the Serie A giants.

“XXI Century Capital has signed agreements for 2.5 billion USD with investors who want to invest in the projects of XXICC,” Zilliacus said on X, formerly Twitter, on Monday morning.

“We will make an updated, friendly offer for Inter Milan using part of the funds.”

This past October, Inter shareholders approved their balance sheet for the financial year ending June 2023, confirming significant increases in revenues and decreases in losses.

Compared to last year, losses dropped by €55m from €140m to €85m. Total revenues increased to €425m, rising by around €60m excluding any transfers.

President Zhang has confirmed the club is ‘moving forward with our plans for a new club-owned stadium’ and hinted that he’s unwilling to sell the club, saying: ‘The path we must take together lies before us.’

However, it is believed Zhang would be open to welcoming a minority shareholder, so it remains to be seen which will be Zilliacus’ next move.