Italian Media Highlight Inter Owners Suning Have To Pay Back €275M Oaktree Loan Looming By 2024

Italian Media Highlight Inter Owners Suning Have To Pay Back €275M Oaktree Loan Looming By 2024
February 22, 2022 17:30
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Inter owners Suning will face the most significant test for the viability of their continued ownership of the club when the €275 million loan from Oaktree Financial matures in 2024.

This according to today’s print edition of Turin-based newspaper Tuttosport, who highlight the paying back of the significant loan as a major challenge for the Chinese company.

Suning have stabilized their control of Inter after a difficult and tumultuous summer, with the team thriving on the pitch and the operational liquidity issues eased by the €275 million loan taken in from Oaktree.

However, even with the owners transitioning the model of the club to a more self-sustaining business structure, and even with increases in revenues from fans being back in stadiums and the plans to build a new stadium along with AC Milan, paying the loan back will be difficult.

The loan comes due in May of 2024, and it remains to be seen how Suning will approach trying to pay the substantial loan back, but the matter casts some doubt on the owners’ ability to provide a future for the club.

By Toni Weeler

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