Inter are moving closer to a deal with Oaktree Capital in a bid to resolve their financial woes, according to a report in the Italian media today.
As per Tuttosport’s print edition, Oaktree Capital have overtaken Bain Capital and are now considered the favourite to give the Nerazzurri they money they need.
Inter have received an offer worth ‘almost €300 million’ from the US-based fund, who would provide a loan while also buying out LionRock Capital’s 31.05% stake in the club.
Negotiations are said to be ‘at a good point’, but it could be a few more weeks before a deal is finalised because the details are complex.
Bain Capital remain in contention after being marked out as the favourite in recent weeks, but they have ground to make up after Oaktree Capital’s new offer.
Their proposal would see Inter receive €140 million to solve their liquidity issues, according to the Turin-based paper, while the other €160 million would go to LionRock Capital.
This is not accurate, however, because Suning only need to pay €33 million to liquidate LionRock Capital’s fund, having loaned the rest of the money to the Hong Kong-fund themselves (when LionRock Capital joined Inter in 2018).