Oaktree Capital Could Take Control Of 31% Of Inter From Suning, Italian Media Highlight

Oaktree Capital Could Take Control Of 31% Of Inter From Suning, Italian Media Highlight
June 10, 2021 19:20
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SempreInter.com

The future of Inter’s ownership situation is up in the air with Suning taking on a large loan from American fund Oaktree Capital, leading Italian media to speculate that control of the club may fall into Oaktree’s hands.

Italian news outlet Calciomercato.com highlight the situation, in which it is uncertain whether the Zhang family and Suning will be able to maintain control of the Nerazzurri under the conditions imposed by the Oaktree loan.

The California-based fund has immediately injected €50 million into Inter to ease the club’s financial problems, with a further €225 on the way should the fund’s conditions be met by Inter financially.

It is thought that the onerous 9% interest rate on the loan could lead to Oaktree gaining control of 31.05% of the club.

The situation has been compared to that which the club found itself in when Suning took over from Erick Thohir, leading many to believe that these parallels could lead to a similar outcome for Inter.

By Toni Weeler

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