Inter Milan majority owners Suning are still searching for a solution to settle the Oaktree loan with the deadline fast approaching.
The Chinese group loaned 275 million euros from Oaktree Capital back in May 2021 to cover the club’s operational costs.
Suning must repay the debt in addition to the interest rate by the 20th of May 2024. The total sum could exceed 350 million euros.
If they fail to do so, they will have to relinquish their majority shares in the club in favor of the creditor.
Nevertheless, Inter president Steven Zhang is hellbent on finding a solution that keeps him and the company at the helm of the Serie A giants.
But while the options on the table are narrowing, the Chinese businessman is reportedly seeking a new solution.
According to Il Sole 24 via FcInterNews, Suning are hoping to push back the deadline to repay the debt.
This is an alternative option to the refinancing plan which would include a partner that takes over from Oaktree.
Inter Milan Owners Suning Are Looking To Postpone The Deadline To Repay Oaktree Loan
However, it remains to be seen if the US-based investment company would be willing to entertain this proposal.
Moreover, the source claims that suitors have already contacted Oaktree, asking for information on the situation.
These companies could be looking to buy Suning’s majority shares in the club if the right circumstances were to ensue.
So while Inter have been enjoying a prosperous campaign on the pitch thus far, Suning’s future at the club remains shrouded in mystery.
