Inter Milan majority owners Suning are still seeking a solution that settles their debt for Oaktree Capital and allows them to remain in control of the club.
The Chinese group loaned 275 million euros from the US-based investment company back in May 2021.
Suning must repay the whole sum in addition to the interest rate before the 20th of May 2024.
According to La Repubblica via FcInterNews, postponing the deadline remains the primary objective for the Nerazzurri owners.
As the source explains, club president Steven Zhang is hoping to push back the deadline by one year by proposing to raise the interest rate from 12% to 15%.
However, Suning have yet to convince Oaktree Capital of this particular path. Therefore, the options remain open.
The newspaper underlines two alternative scenarios in case the parties fail to agree on the postponement.
The first would be the straightforward solution of repaying the debt along with the interest.
In this regard, Goldman Sachs and Raine Group are reportedly working on Suning’s behalf to find a new party willing to repay the loan.
The source reports ongoing discussions with at least two funding companies in this regard.
Inter Milan Owners Suning Seeking Help To Repay Oaktree Capital Loan
The alternative solution would be a takeover from Oaktree, with Suning relinquishing power.
This would be a similar case to Elliott Capital Management who assumed control of AC Milan when club owner Li Yonghong failed to pay his debts.
Nevertheless, finding a new buyer remains complicated. As the source explains, no one has done due diligence over the last three years.
Moreover, the report claims that Oaktree is seeking clarity before the end of April.
