Most Of Inter’s Oaktree Loan Has Not Yet Been Used By Suning, Italian Media Report

Most Of Inter’s Oaktree Loan Has Not Yet Been Used By Suning, Italian Media Report
October 1, 2021 18:00
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The majority of the large loan that Suning has secured from Oaktree Capital Group has still not actually been used by the Chinese owners, according to a report in the Italian media today.

As has been reported by La Gazzetta dello Sport, only €80 million of the €275 million that was loaned to Suning by Oaktree Capital Group has been invested into the football club so far.

All the other money that the club has made in the mean time has come from the sales of Achraf Hakimi and Romelu Lukaku to Paris Saint Germain and Chelsea respectively and the increased revenue of the new sponsorship deals.

That means €195 million of Oaktree Capital Groups money is still resting in the accounts of the Suning Group and could be used to help the club financially whenever they choose to use it.

There is reportedly not currently a need for Suning to use this money.

By Euan Burns

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