Suning are on the verge of securing the investment they need at Inter, according to a report in the Italian media today.
As per Gazzetta dello Sport’s print edition, the Nerazzurri’s owners will finalise a €250 million financing deal from Oaktree Capital tomorrow.
Oaktree’s investment will allow Inter’s accounts to breathe a little, while helping the club pay their outstanding salaries and transfer installments to other clubs.
Negotiations are coming to an end and it looks as if Inter are finally set for some good news on the financial front, after a turbulent couple of weeks off the field.
Oaktree’s €250 million will be paid to Great Horizon, the Luxembourg-based holdings company through which Suning control Inter, in order to not burden the club directly with further debt.
From that sum of money, Inter will receive around €200 million to help with their financial problems.
Oaktree was linked earlier this week with becoming Inter’s new minority shareholder, but it seems that is not on the agenda for now.
LionRock Capital are due to retain their 31% stake for now, despite reports suggesting Suning could buy it out and sell it elsewhere.