• Loading stock data...
Thursday, June 13, 2024

Inter Milan For Sale With Reported $1B Price Tag

  • Forbes last valued Inter Milan at $1 billion.
  • Suning Holdings purchased a majority stake in the club in 2016.
Inter Milan

Inter Milan is the latest soccer club to land on the market.

The Raine Group, the bank that handled the $5.2 billion sale of Chelsea, will begin searching for a buyer for the Serie A club with Goldman Sachs, according to the Financial Times.

Some reports suggest the current owners have a $1 billion asking price — the same figure at which Forbes last valued the club.

Suning Holdings purchased a majority stake in the team in 2016 for $306 million but has struggled financially – it recorded a $6.6 billion loss for 2021.

  • In February 2021, Suning received a $275 million loan from Oaktree Capital.
  • In July 2021, Suning secured a $1.36 billion bailout from the local government and Alibaba.

Last year, Suning injected a shareholder loan of $71.8 million into Inter and is reportedly set to add another $95.7 million to “add more breathing room to the budget.”

Last month, the club reported $420.7 million in revenue for the 2021-22 financial year. In its earnings announcement, Inter claimed its majority shareholder is committed to “backing the group by ensuring asset support.”

Milan Merchandise

Although an announcement has yet to be made, eBay is reportedly the club’s new official marketplace through the 2023-24 season. The company will launch an Inter store with original products, and its logo has already appeared on its women’s team jerseys and LED advertising over the past few weeks.

Copy Link
Link Copied
Link Copied

What to Read

Saudi Arabia’s Next Big Sports Target: Boxing, With Joint Venture Worth $5B

The Public Investment Fund of Saudi Arabia is focusing on boxing as its next large-scale sports target.

USA Cricket Is on the Cusp of a Historic Win. But Who Can Watch?

On Wednesday, the U.S. will face the pre-tournament favorite, India.
Manchester City FC corner flag in the Etihad Stadium

Legal Battles, Infighting Threaten Premier League’s Economic Recovery

Manchester City’s ongoing issues with Premier League rules are just part of a larger unease in English pro soccer.
podcast thumbnail mobile
Front Office Sports Today

Stanley Cup Final a Clash of Vastly Different Markets


Featured Today

Jan 3, 2022; Pittsburgh, Pennsylvania, USA; General view of the NFL shield logo signage before the Pittsburgh Steelers host the Cleveland Browns at Heinz Field.

Odds Stacked Against NFL in Multibillion-Dollar Sunday Ticket Trial

Why the class action trial does not look promising for the league.
Jan 7, 2024; San Francisco, California, USA; Toronto Raptors forward Jontay Porter (11) takes a three-point shot against the Golden State Warriors during the second half at Chase Center.
June 9, 2024

‘Bound to Happen’: The Age of the Sports Betting Scandal Has Arrived

A banishment, betting scheme, and guilty plea all in one scandal-filled span.
June 8, 2024

‘Experimental in Nature’: The Rapid, Confounding Rise of Streaming Bundles

Here’s why confusion continues to outweigh solutions in the streaming package boom.
June 2, 2024

The Nostalgia Market: Michael Jordan’s Memorabilia Remains Coveted, With Caveats

Due to scarcity, and sometimes, items’ undisclosed whereabouts, this world has limitations.

Real Madrid Flees From Boss’s Claim It Won’t Play in FIFA’s Troubled Club World Cup

Carlo Ancelotti originally said his team won’t play in the U.S. tournament next summer.
Jan 11, 2020; Austin, TX, USA; Mike Bloomberg kicks off his presidential campaign in Austin on Saturday, January 11, 2020.
June 6, 2024

Report: Michael Bloomberg Joins Battle for Timberwolves Ownership

The former New York City mayor is worth roughly $106 billion.
Jan 21, 2023; Philadelphia, Pennsylvania, USA; Philadelphia Eagles owner Jeffrey Lurie walks off the field after win against the New York Giants during an NFC divisional round game at Lincoln Financial Field.
June 6, 2024

Report: Jeffrey Lurie Exploring Sale of Eagles Minority Stake

A sale would be based on a $7.5 billion team valuation.

How HOKA is Reimagining the NIL Relationship

HOKA, the renowned athletic footwear and apparel brand, is betting on a new reality with NIL.
Jun 2, 2024; Cumberland, Georgia, USA; Oakland Athletics shortstop Max Schuemann (12) waits for the pitch from the Atlanta Braves during the eighth inning at Truist Park.
June 6, 2024

After Vegas Move, A’s Want to Play More Games Outside Vegas

Team proposed playing twice as many neutral-site games as teams typically negotiate.
Premier League champion banner outside of Manchester City's Etihad Stadium
June 5, 2024

Premier League Faces Legal Attack From Most Dominant Club

Manchester City argues independent reviews of sponsorships by owner-tied companies are unfair.
June 4, 2024

Want to Attend Utah NHL Games? Local Residents Will Have an Edge

The newly relocated NHL franchise has much more demand for tickets than capacity at the Delta Center.
June 4, 2024

Watford F.C. to Sell 10% of Team to Public to Raise Revenue

The English football club was relegated from the EPL two years ago.