Investcorp, a global alternative investment firm based in Bahrain, is reportedly seeking to put together a group of Bahraini investors to acquire Inter Milan, the Italian football club, from its current owner, Suning Holdings Group.
Suning, a Chinese retail giant, purchased a majority stake in Inter Milan in 2016 and has since invested heavily in the club, including bringing in high-profile players such as Romelu Lukaku and Achraf Hakimi. However, the company has faced financial difficulties in recent years, and reports suggest that it is looking to sell its stake in Inter Milan to raise funds.
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Investcorp, which has a strong track record of investing in sports and entertainment assets, is said to be in talks with several potential investors in Bahrain to form a consortium to acquire the club. The firm is reportedly looking to raise between $545 million and $654 million for the acquisition.
If Investcorp is successful in its bid to acquire Inter Milan, it would mark a significant expansion of the firm’s sports portfolio, which already includes ownership stakes in several sports teams and leagues, including the National Football League (NFL) team, the Jacksonville Jaguars, and the Spanish football league, La Liga.
Investcorp’s interest in acquiring Inter Milan is also a reflection of the growing interest in football clubs as lucrative investment opportunities, particularly among wealthy individuals and investment firms from the Middle East and Asia. In recent years, many high-profile football clubs, including Manchester City, Paris Saint-Germain, and AC Milan, have been acquired by investors from the region.
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