Suning are close to securing the investment they need to ease Inter’s financial woes, according to a report in the Italian media.
As per La Stampa, Oaktree Capital are a few days away from agreeing a financing deal with Suning which should be worth €300 million.
As part of the deal, they will also buy out LionRock Capital’s 31% stake at Inter and become the club’s new minority shareholder.
Sources close to Inter have confirmed Oaktree Capital are closer to a deal with Inter than Bain Capital, the other US-based group in the running.
Inter’s deal with Oaktree Capital – officially referred to as ‘equity upside’ – will allow Nerazzurri president Steven Zhang to secure lower interest rates because Oaktree Capital hope to increase the value of their 31% stake once they arrive.
After a long negotiation process it looks as if this will be the decisive week for a deal to be agreed, the report added.
Both parties are working on the final details of the agreement, which is said to be very complex, but it looks destined to go through.
