Steven Zhang To Finalise Inter’s €250M Loan From Bain Capital Before Weekend, Italian Media Report

Steven Zhang To Finalise Inter’s €250M Loan From Bain Capital Before Weekend, Italian Media Report
May 4, 2021 12:30
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Inter’s much-needed loan deal will arrive in the next few days, according to a report in the Italian media today.

Gazzetta dello Sport’s print edition said Nerazzurri president Steven Zhang would finalise a €250 million deal before the end of this week.

Bain Capital remain in pole position to supply the loan but Oaktree are not completely out of the running yet.

Inter’s loan deal will enable the club to take a deep breath after the financial problems of recent months and allow Zhang to start planning next season.

Bain Capital and Oaktree are both offering the same kind of financing deal for Inter, who would use €200 million to ease their liquidity issues and put the other €50 million towards buying out LionRock Capital’s stake in the club.

The remaining €50 million is thought to be the last issue that the parties need to sort in their negotiations, which should nonetheless be concluded before the weekend.

Zhang is conducting the talks in first person and there is said to be ‘great optimism’ at Inter that the worst is finally behind them.

Inter’s president will be able to start planning the club’s future with Antonio Conte and the Nerazzurri’s directors once this is sorted.

In the meantime, Zhang received congratulations yesterday from various political figures yesterday for Inter’s Serie A title success, including FIFA president Gianni Infantino and UEFA president Aleksander Ceferin.

By Will Beckman

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