Suning are on the verge of securing the investment they need at Inter, a leading Italian broadcaster confirmed today.
As per Sport Mediaset, Inter’s owners are finalising a financing deal worth a reported €300 million with Oaktree Capital Management, a US-based firm from Los Angeles.
Talks have dragged on longer than expected because Oaktree wanted Suning to let them become shareholders as part of the deal.
Oaktree are in fact expected to buy LionRock Capital’s 31% stake in Inter, and they could look to gain an even greater stake in the future.
Suning are expected to receive the loan money via Great Horizon, the Luxembourg-based company through which they control Inter, at which point they will redirect it into Inter’s accounts.
Inter are widely expected to use this money from Oaktree to meet their various payment deadlines, such as player salaries and transfer installments to other clubs.
Steven Zhang will then be able to turn his attention to Inter’s sporting plans, with Antonio Conte eagerly awaiting talks which could decide his future as head coach.
