BC Partners plans to acquire Inter Milan

Private equity firm BC Partners is in talks to buy into Italian soccer team Inter Milan, four sources familiar with the matter said, as top investor Suning looks for resources to inject into the loss-making Lega Serie A club.

A deal, which could value the former European champions at more than 1 billion euros ($1.2 billion), would be the latest sign of interest from private equity investors in Italian soccer. A consortium including CVC Capital Partners, Advent International, and state-backed Italian fund FSI is buying a 10% stake in a media company handling Serie A’s soccer rights for 1.7 billion euros.

Like other soccer clubs around the world, Inter is facing a drop in revenues due to the novel coronavirus pandemic, as matches are played in empty stadiums and companies cut their sponsorship budgets.