Inter Milan owners Suning are looking to refinance the Oaktree loan but it remains a daunting task.
In May 2021, the Chinese group took a loan from the American investment company worth 275 million euros to cover the club’s operational costs.
Suning must repay the sum along with interest rates before the 20th of May 2024.
Therefore, the Nerazzurri owners must either repay or refinance the loan. Otherwise, they might be forced to sell the club.
Yesterday, the club held its annual shareholders meeting. While Inter president Steven Zhang didn’t attend in person, he delivered a broadcast speech.
The chairman announced his intention to remain at the club’s helm and guide the Italian giants towards further success.
So while refinancing the Oaktree loan remains the main objective, Il Corriere dello Sport (via FcInterNews) believes that the operation remains complicated.
Inter Milan Owners Suning Plan To Refinance Oaktree Loan, But It Remains A Complicated Task
Suning have given the mandate to Goldman Sachs which will try to find a new entity that would help the Chinese group in the refinancing project.
The club owners are still holding out for a last-minute solution that would allow them to maintain the club’s ownership.
Moreover, the source claims that Zhang’s absence in yesterday’s assembly was deliberate. The young president reportedly wished to avoid questions regarding his company’s future at the club.
