Inter Milan President Steven Zhang Values Club At €1.2B Amidst Reported Interest From US, Italian Media Claim
Inter President Steven Zhang is unwilling to part with the club for less than €1.2 billion amidst reports of interest from the United States.
As reported in today’s newspaper edition of Il Sol 24 Ore, the Nerazzurri have been paired with a potential buyout from the USA, but such discussions are only at a preliminary stage and has not progressed beyond initial discussions between Inter owners Suning and interested parties.
The potential buyer in question is reported to be an investment fund, whilst there is input from financial advisers Goldman Sachs and Raine, as Zhang considers whether to continue his tenure at the helm of the club.
Zhang will not budge from his €1.2b valuation of the Nerazzurri though, particularly as this was the figure set by Elliott Investment for the sale of AC Milan to US-based RedBird.
Meanwhile, the newspaper also the competition between American investment and that from the Middle East in European football, with Saudi Arabia’s Public Investment Fund rumoured to have been interested in Inter prior to buying out Newcastle United in 2021.
