Inter Milan owners Suning are adamant about refinancing the Oaktree loan, but the plan remains easier said than done.
The Chinese group lent 275 million euros from the American investment company to cover the club’s operational costs.
Suning must either repay or refinance the loan before the deadline in May 2024. Due to mounting interest rates, the total sum has risen to 350 million euros.
According to Il Sole 24 via FcInter1908, Suning would like to remain at the club’s helm and are devising a plan to refinance the loan with the assistance of Goldman Sachs.
However, it remains a complicated project, as the source explains.
A refinance would raise the total amount of the debt even further due to accumulated interest rates. Thus, the operation will require additional guarantees.
In the meantime, Oaktree have already been contacted by other groups who could be interested in buying the Italian club.
As the source explains, if Suning fail to find a solution before the loan’s deadline, Oaktree will assume control over Inter.
This would be a similar scenario to the one that ensued at AC Milan a few years back.
But while Elliot Group ran the Rossoneri for several years before eventually selling it to RebBird, the source believes that Oaktree aren’t keen on managing the Nerazzurri. The Californian group would prefer to find a buyer immediately.
Inter Milan Owners Suning Hoping To Remain At The Helm By Refinancing The Oaktree Loan
Nevertheless, the report claims that the recent events on the Super League front could come in handy for Suning in terms of valuation.
The European Court of Justice ruled that UEFA a FIFA cannot prohibit the creation of the Super League. This development could boost the clubs’ valuations due to potential higher revenues.
Therefore, this could help Suning negotiate their way out of this financial dilemma and find a new agreement with Oaktree.
