InvestCorp could be aided in their attempts to buy Inter from Suning by the fact that the massive loan that the current Nerazzurri owners took on from Oaktree Capital in 2021 is one year away from coming due.
This according to today’s print edition of Rome-based newspaper Corriere dello Sport, via FCInterNews, who report that the conditions could be right for the Bahrain-based fund to swoop in and purchase the Nerazzurri.
The financial situation at Inter remains a major headache for the club’s current owners, who have money troubles of their own.
Were the team to miss out on qualification for next season’s edition of the Champions League and the revenues that come with it, the financial woes would only deepen.
Even if the season ends more or less perfectly for the Nerazzurri on a financial level, the simple fact remains that there is still a significant chunk of the €275 loan that Suning took on from US-based fund Oaktree in 2021 remaining to be paid off.
With interest, the total amount that the Inter owners will have to pay around €350 million to the US-based fund.
Given that Suning took on the loan in order to cover operating costs at the Nerazzurri in the aftermath of the initial financial shock of the pandemic, the club was put up as collateral, and would pass into the hands of Oaktree were it not to be paid off on time.
Accordingly, the closer that things get to the due date for the loan, the more that the current Inter owners may feel that there is no other viable option for them but to listen to offers for the club.
Italian business newspaper Il Sole 24 Ore has already reported that InvestCorp are ready to reignite their interest in purchasing the Nerazzurri.
This has received confirmation from business news outlet Economy Middle East, who further report that the Bahrain-based fund are seeking investors in a consortium that could put in a bid worth up to $654 million USD.
The Corriere lends further weight to these reports, suggesting that a bid of $550 million to $650 million USD could be forthcoming.
Meanwhile, the Rome-based newspaper also stress how the financial situation at Inter and Suning, and most importantly the looming due date of the Oaktree loan, could mean that this is the perfect time for InvestCorp to make their move.