Inter, the owner of Leeds wants to take over the club. Derby with Investcorp
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The owner of English Premier League club Leeds United is considering a bid for Inter Milan, which is valued at an estimated 1 billion euros ($1.1 billion).
Andrea Radrizzani’s Asher Ventures, which holds a majority stake in Leeds, is among the investors considering an offer for the Italian club, according to sources close to the dossier who have asked to remain anonymous.
Bahrain-based Investcorp, which made a bid for Milan’s fellow side AC Milan last year, is also a potential bidder. At present, representatives of Asher, Investcorp and Inter Milan declined to comment on the offers.
Il Sole 24 Ore reported that Investcorp is trying to bring together a group of Bahraini investors to buy Inter Milan, which is struggling with debts, rising player salaries and lower broadcasting revenues in Italy than in Italy. Premier League. There are still some hurdles before an offer can materialise. First, Radrizzani is required to sell Asher’s stake in Leeds to investors in the San Francisco 49ers football franchise at the end of this season.
The English club currently holds a 44% stake. The deal is conditional on Leeds remaining in the Premier League, at a minimum. The team are just two points clear of the relegation zone and were beaten 5-1 at home by Crystal Palace last weekend. Radrizzani, born in Milan, is a sports rights entrepreneur who sits on the board of DAZN Group Ltd., a streaming platform backed by billionaire Len Blavatnik. Radrizzani bought Leeds in 2017, when the team played in the English second division. Three years later he got promoted.
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