Inter owners Suning are ready to start renegotiating the terms of the loan from US-based fund Oaktree Capital, currently due in 2024.
This according to today’s print edition of Turin-based newspaper Tuttosport, who report that the owners’ valuation of €1.2 billion still makes a sale of the club difficult, whilst Oaktree could be open to negotiating refinancing options given that they’re not keen on taking over the Nerazzurri.
Recent reports suggest that while Suning’s official stance is that they’re only looking for partners to invest in Inter, they would also be open to a full sale, but their valuation is quite steep at €1.2 billion and they don’t look to be ready to come down very far from that amount.
Accordingly, a sale does not look to be immediately on the card, even as US businessman and Sacramento Kings co-owner Vivek Ranadive is the latest party to show serious interest and explore options to potentially take over from the current owners.
If Suning are to keep control of the Nerazzurri, the large €275 million loan from Oaktree would be an outstanding issue to be dealt with, as it is due in 2024 and if not repaid on the current terms could see control of the club pass into the hands of the US fund.
However, Oaktree are not overly keen on the prospect of taking over and could be willing to renegotiate the terms of the loan, and Suning have asked US investment bank Goldman Sachs to start exploring refinancing options with Oaktree.