Steven Zhang is confident Inter will sort their financial problems in time for next season, according to a report in the Italian media today.
According to La Repubblica, Suning need an influx of around €200 million before May 23 (next Sunday) to help them settle outstanding payments and ensure they can register Inter for Serie A and the UEFA Champions League next season.
Zhang is determined to keep negotiating right until the end to secure the best conditions, and he is convinced everything will be sorted for the better of the club.
Inter’s president and his negotiating team are in talks with several American groups – two of which are widely reported to be Bain Capital and Oaktree – to secure a financing deal worth more than the €200 million they need.
In order for Inter to receive all the money they need on time, the loan must be delivered to Suning’s holdings company Hold Co 1 a week before May 30 so that the resources can be redirected to players, staff and other clubs.
Suning have recruited Goldman Sachs to help with the negotiations and the American bank are hoping to secure an interest rate of around 9% for this new deal.
Inter’s talks with the various funds are well advanced, but time is running out for Zhang to secure the agreement he needs and respect the deadlines set by UEFA and the FIGC.
