The Mayor of Milan has provided further confirmation that Suning will extend their loan from Oaktree Capital and stay in control at Inter Milan.
Today’s print edition of Turin-based newspaper Tuttosport, via FCInterNews.
Milan Mayor Beppe Sala recently gave an update about his talks with Inter President Steven Zhang.
The Mayor held a phone call with the Nerazzurri President regarding the prospect of Inter staying at the San Siro with renovations to the existing stadium.
As Tuttosport report, Sala remarked that “I got the sense from Zhang that he intends to continue as President and retain control of the club. I think this is a good thing for everyone.”
Whilst this is nothing official, coming from someone like Sala it is a strong hint.
Milan Mayor Drops Big Hint Suning To Extend Oaktree Loan Deadline At Inter
As of yet, Suning have stayed tight-lipped regarding their negotiations with Oaktree Capital.
There has been no confirmation that the Inter owners will extend the deadline of the loan from the US-based fund.
But widespread reports have suggested that that is the direction in which things are strongly heading.
And that would certainly constitute a very significant development.
At the moment, the deadline for Suning to repay the loan is in May. And, as is widely known, if the Nerazzurri owners were to default, then control of the club would theoretically pass into the hands of the US-based fund.
But it does not appear that that will be the case.
Nor does it look in any way likely that Suning will sell Inter in the immediate future.
Rather, the Inter owners are ready to extend the deadline. That means that they will remain at the helm past the horizon of the next few months.
And Sala’s words provide further confirmation of this being the case.
