Get 40% Off
⚠ Earnings Alert! Which stocks are poised to surge?
See the stocks on our ProPicks radar. These strategies gained 19.7% year-to-date.
Unlock full list

BC Partners taps Vialli advisory firm to strike Inter deal - sources

Published 25/01/2021, 21:24
Updated 25/01/2021, 21:25
© Reuters. Euro 2020 Qualifier - Group J - Bosnia and Herzegovina v Italy

By Pamela Barbaglia, Stephen Jewkes and Elvira Pollina

LONDON/MILAN (Reuters) - BC Partners has hired a company co-founded by former Juventus and Chelsea soccer star Gianluca Vialli to advise it on a deal to buy into Italian Serie A club Inter Milan, three sources told Reuters on Monday.

The European private equity firm is in talks to buy into Inter Milan as top investor Suning looks round for resources to inject into the loss-making club, sources have said.

A deal, which could value the former European champions at around 1 billion euros ($1.2 billion), would be the latest sign of interest from private equity investors in Italian soccer.

"Tifosy has been brought in to help BC Partners in its ambitions," one of the sources said.

BC Partners is currently performing due diligence on the Milanese soccer club and may buy out minority investors including investment firm LionRock Capital, which holds a 31% stake in the club, the sources said.

Sports advisory firm Tifosy Capital & Advisory was co-founded by Vialli along with a former Goldman Sachs (NYSE:GS) banker and two other investors.

The company's name is a play on the Italian word "tifosi", meaning fans.

© Reuters. Euro 2020 Qualifier - Group J - Bosnia and Herzegovina v Italy

BC Partners and LionRock declined to comment. Tifosy was not immediately available for a comment. ($1 = 0.8239 euros)

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.