Inter Milan owners Suning could be able to renegotiate terms on their loan from US-based fund Oaktree Capital.

This according to today’s print edition of Turin-based newspaper Tuttosport, via FCInterNews, who report that this could be possible due to less of the amount taken in from the loan having been injected into the club to date than expected.

For Inter owners Suning, the looming due date of the loan taken on from Oaktree in 2021 is one of their most pressing issues.

In the spring of that year, the Nerazzurri owners took on a massive €275 million loan from the US-based fund.

The purpose of this loan was to secure liquidity for Inter moving forward post pandemic.

Financial issues caused by the pandemic had meant that the Nerazzurri was unable to cover operating costs through revenues at that time.

Meanwhile, Suning’s own financial issues prevented them from covering the losses themselves.

Inter Milan Owners Suning Would Be Forced Out If Unable To Pay Back Oaktree Loan

If the Inter owners are unable to pay back the entire loan plus interest by the end of May of next year, then control of the Nerazzurri would pass into the hands of Oaktree.

This is because Suning put the club up as collateral when they took on the loan.

With that due date less than a year away, it has cast real doubt on Suning’s future at Inter.

The path towards paying back the entire loan plus interest has looked unclear for the current Nerazzurri owners.

Accordingly, there have been three possible options ahead for Suning.

The first would be to sell the club. The second would simply be to let control of Inter pass into the hands of Oaktree per the terms of the loan.

Not Impossible For Suning To Refinance Oaktree Loan

The third would be to renegotiate terms on the loan.

However, this has appeared difficult, particularly due to high interest rates.

However, Tuttosport suggest that it may be within reach for Suning.

Of the €275 million amount taken on by Suning, only €116 million have been injected into Inter to date.

This comes after the Nerazzurri owners recently made a cash injection of €41 million with money from the Oaktree loan.

Big money sales of Achraf Hakimi and Romelu Lukaku in 2021 are part of the reason why this is the case.

Moreover, the revenues from reaching the Champions League final this season have made Inter more self-sustaining in terms of costs.

As such, Tuttosport report, it is not at all out of the question that Suning could refinance the loan from Oaktree.

This would allow the current Nerazzurri owners to stay on at the head of the club past next May.