Investcorp is being backed to buy Inter Milan and take the club to a new level.
Local Bahraini journalist Turki Al Ghamdi says the deal is now dependent on Inter president Steven Zhang.
Al Ghamdi told Tuttosport: "I confirm that negotiations are continuing. Investcorp is a company with several investors, including Mubadala Investment Company which holds 20%, founded in 1982 by the late Nemir Kirdar.
“Among the fund's most prestigious successes is that of bringing Gucci back to success when it was close to bankruptcy.
“Now its executive chairman is Mohammed Mahfoodh Al Ardhi, a special man with great goals, a lover of football and Sardinia, where he has often been on holiday.
“Our community knows the fund very well, they know they have a great and prosperous future ahead of them, as they have never failed in any project they have decided to get their hands on.
“About €1.3 billion should be allocated for the purchase of Inter, although now clearly Zhang will have to be convinced to sell.
“Investcorp's subsequent profit will come from developing the team and achieving local and international success.
“It will be crucial to have our own stadium to enjoy huge annual revenues, as is the case with other top clubs in the world."
He also stated: “The fund has several assets scattered around the world, which are currently being managed positively. Some time ago the decision was made to acquire a football club as a new asset to add to the portfolio.
“Now the choice has fallen on Inter because they are considered a suitable team for investment, with a large fan base and current ownership that, due to debt, will have to sell. Inter have an important history and are one of the most prestigious clubs in the world.
“If an owned stadium were built, the revenues would be gigantic. On the other hand, look at how much Premier League clubs cost, the prices are very high.
“Think of Manchester United and you will understand why Inter is a very attractive option at the moment. As Milan probably was too, but with Elliott it wasn't concluded.
“Now everything depends on Zhang, after the recent contacts with brokers and possible investors. Investcorp would guarantee a splendid future for the Nerazzurri.
“Here in the Arab countries, there are many true Inter fans who follow the team with passion. Investcorp's target would be to win everything, domestically and internationally.
“So, the focus would be on hiring and signing great players to achieve the set goals."