Inter owners Suning have taken a step closer to securing investment as discussions with Oaktree Capital Group reach an advanced stage, Italian media suggest.
The Chinese retail conglomerate have been looking to bring in a partner or obtain a loan since the turn of the year, as they battle mounting debts and financial uncertainty at the club.
As reported in today’s newspaper edition of Tuttosport, Suning have been involved in numerous meetings with California-based Oaktree over the past month, with a view to selling a minority stake for €150 million.
Oaktree are described as the world’s leading financial company in the field of distressed securities, and have a fortune of €123 billion in assets behind them.
Meanwhile, US competitor Bain Capital retain their interest and are keen to provide a €250m loan, whilst minority stakeholders LionRock are growing increasingly exasperated by Suning’s reluctance to accept it. The Hong Kong-based firm own a 31% stake in the club.
