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According to Italian journalist Biasin, Inter has authorized Goldman Sachs to sell the club, and they have priced the club for 1.2 billion euros.
The news has not received any official confirmation at the moment, and capital from Qatar and Saudi Arabia is interested in Inter. But Mr. Biyahin said that didn't mean buyers would show up soon, though Inter did enter the sale process.
Italian media said Suning wanted to sell Inter because they were only 20 months away from repaying the 275 million euro loan they received from U.S.-based investment fund OakTree Capital, which has an interest rate of as high as 12 percent. In addition, Suning must repay more than 400 million euros of bonds at an interest rate of 6.75%.
Considering that the club is still in a state of loss, it is no longer possible not to sell. Italian media said Suning was likely to have to complete the entire transfer process by 2024.
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