Italian football club Inter Milan kicks off search for buyer

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Italian football club Inter Milan kicks off search for buyer
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Owner Suning becomes latest Chinese group to reduce exposure to European football

Last month, Inter’s board signed off on the club’s latest set of accounts, which showed revenue increasing to €440mn and a loss of €140mn for the 2021/22 financial year. The club said that the majority shareholder “had formally expressed his commitment to backing the group by ensuring asset support”.

Suning is ready to inject capital of €100mn this year in tranches, according to a person close to the club. The person pointed to previous guidance that Suning is open to new partners and would consider the sale of a minority stake.Italian football has become an increasingly popular destination for international investors. Roma, Atalanta, Fiorentina and Genoa are among several clubs now controlled by American owners.

However, Italian football presents a number of challenges for investors compared with other European leagues.

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