Inter have less than a week to secure the investment they need to avoid heavy sanctions, according to a leading Italian journalist today.
The Nerazzurri are widely reported to be in talks with Bain Capital and Oaktree over deals which will ease their short-term financial concerns.
A report in Italy today said Oaktree wanted to become Inter’s owners if they were picked to provide the money, whereas Bain Capital were happy just to supply a loan.
“The most important thing for Inter is to secure this €275 million deal,” Fabrizio Biasin wrote in today’s print edition of Corriere della Sera.
“The owners (Suning) have been promising it for a month and it was expected to arrive yesterday, but ultimately it still hasn’t been finalised.
“The new date for the deal which will have an interest rate of 12% – a monstrous amount – is ‘before May 20′.
“Inter must have the payment by that date in order to meet all their obligations and avoid encountering sanctions.”
Inter’s financial problems were what led to Steven Zhang asking players to take a pay cut earlier this week, requesting everyone gave up two months of their wages.
However, the proposal is likely to be rejected and there is no sign of an alternative agreement being reached either.
“Not only has the squad seemingly rejected the proposal to give up two months’ wages, they’ve also declined the idea to spread the payment and bonuses into the next few seasons,” Biasin added.
“The issue is delicate, but it’s not a priority for now.”
Inter’s priority, as explained by Biasin, is to pay their salaries on time so they avoid being punished by the Italian Football Federation, whose deadline is fixed on May 31.
