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Leeds United chief considers bid for Inter Milan

Leeds United chief considers bid for Inter Milan

Leeds United chairman Andrea Radrizzani is considering a bid for Serie A giants Inter Milan, according to Bloomberg.

The Nerazzurri are one of the biggest clubs in the Italian top flight, but their precarious financial situation means chairman Steven Zhang may be forced to cash in this summer.

Zhang took over Inter in 2018, and the club has been largely successful under his stewardship, winning the Scudetto in 2020/21, the Coppa Italia in 2021/22 and the Italian Super Cup in 2022 and 2023.

While Zhang has insisted that Inter is not for sale, he may be forced to do business this summer with the club riddled with debt.

Zhang was sued by China Construction Bank – one of the country’s biggest state-owned banks – over his alleged refusal to repay a debt of over $300 million.

He also borrowed €275 million from Oaktree Capital Management – due in May 2024 – after the club’s debts and losses skyrocketed during the pandemic.

With the club now valued at around €1 billion, Inter may be on the market this summer, and Milan-born Leeds Chief Radrizzani is poised to join the race.

However, Radrizzani will need to sell Aser Group Holdings’ 56% stake in Leeds to co-owners 49ers Enterprises, an American football franchise based in San Francisco, before making any bids for Inter.

Bahrain-based Investcorp, who were involved in the bidding process for AC Milan last year, are also potential bidders.

Radrizzani’s potential deal is dependent on Leeds surviving the current relegation dogfight in the Premier League if they are to be valued as a top-flight club.

The Lilywhites are only two points clear of the relegation zone following last weekend’s 5-1 humiliation at home to fellow strugglers Crystal Palace.

Radrizzani bought Leeds in 2017 while they were competing in England’s second tier. They were promoted in 2020 and have remained in the top flight since.

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