After agreeing to provide a €275 million loan last week, Oaktree Capital are set to buy out LionRock and take an a minority stake in Inter.
According to Reuters, Nerazzurri majority shareholders Suning agreed a deal with the Californian investment fund through their Luxembourg-based Great Horizon company, but this was with a view to bringing them onboard as part-owners.
Indeed, a substantial part of the loan will be used to buy out Hong Kong-based minority owners LionRock at a later date, giving Oaktree a 31% stake in the club.
Suning, via Great Horizon, have also pledged their own shares of Inter to Oaktree as a guarantee and have been given three years to pay the part of the loan not related to the purchase of LionRock shares back, or risk losing control of the Nerazzurri.
The Chinese retail conglomerate have owned a majority stake in Inter since completing a takeover of the club from consortiums owned by Erick Thohir and Massimo Moratti in 2016.
