Suning Must Secure Bain Capital Or Oaktree Loan For Inter ‘Within Two Weeks’, Italian Media Report

May 5, 2021 15:20
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Suning have two weeks to secure the loan deal they need for Inter’s finances, according to a report in the Italian media today. said Inter’s owners needed an agreement in place by May 20 at the latest, given the salary payments they still owe to their players for several months of this season.

Inter president Steven Zhang is expected to finalise a deal with either Bain Capital or Oaktree by the start of next week, the report assured.

Talks were described as ‘very complex’, with the parties’ legal teams having already exchanged draft agreements to study.

Sources close to negotiations told the Milan-based publication that Bain Capital had agreed to lower their interest rate for the deal, which was originally set at 12%.

Zhang was straight back to work this afternoon after briefly visiting Inter’s players and staff at Appiano Gentile, where training resumed today for the first time since the Serie A title was secured.

By Will Beckman

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