Suning Under Pressure From ‘Impatient’ LionRock Capital To Buy Inter Shares, Italian Media Report

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Inter’s minority shareholders LionRock Capital are growing impatient as they wait to leave the club, according to a report in the Italian media today.

Tuttosport’s print edition said the Hong Kong-based fund were frustrated with how long it was taking Suning to decide on the best way forward for the Nerazzurri.

Suning are expected to purchase LionRock Capital’s 31.05% stake (worth €167 million) in Inter – before selling it to another group – but the minority shareholders want them to get a move on and do it quickly.

Inter’s owners only need to source €33 million in order to liquidate LionRock Capital, as per a report yesterday, because Suning loaned them the remaining €133 million in the first place.

Suning are due to secure a loan deal from Bain Capital in the coming days, which will help ease the club’s financial problems until the end of the season.

TS said part of the money would be used to buy out LionRock Capital’s shares, while the rest would be sent to Inter’s accounts via Suning’s Luxembourg-based holdings company, Great Horizon.

Inter will use this arrangement to avoid further increasing the club’s debt, which cannot grow any higher or it would risk breaching the Italian Football Federation’s regulations.

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