Private equity fund Investcorp has once again reopened their interest in acquiring Serie A side Inter and have reportedly been working on a deal since last December. The Bahraini financial group are looking to set up a consortium of investors to buy the Milan based side from the Zhang family who have been owners since 2018.
Il Sole 24 Ore (as quoted by CalcioeFinanza) report that since last November, the financial group has highlighted its interest in Inter Milan, after it had also come forward for AC Milan last summer, before the Rossoneri was sold to Gerry Cardinale’s RedBird. The potential deal with Investcorp for Inter had stalled last December, after the fund had indicated its intention to form a consortium of investors.
The interest in Inter has now resurfaced and is under consideration again these recent weeks, with Investcorp aiming to enter European football. The Bahraini group represents one of the geographical areas close to the Persian Gulf that has still remained excluded from major investments in the major European football leagues, where instead Qatar (PSG, and potentially Manchester United) and the United Arab Emirates (Manchester City), but also Saudi Arabia (Newcastle) are present.
Also showing, on several public occasions, interest in this investment area was Mohammed Mahfoodh Al Ardhi, Omani banker and entrepreneur, former military pilot of the Royal Air Force of Oman, former president of the National Bank of Oman, and since 2015, the executive chairman of Investcorp. It now remains to be seen whether the fund will continue with the negotiations, to enter a more concrete phase of negotiations.
