Oaktree Capital already have a major say in Inter Milan’s main decisions, ahead of a potential takeover.
In May 2021, the American investment company loaned the club’s owners Suning 275 million euros to cover the Nerazzurri’s operational costs.
According to the agreement, the Chinese group must repay the debt along with its interest before the 20th of May 2024.
Inter president Steven Zhang is now seeking an agreement that keeps his company at the helm. He’s hoping that Oaktree agree to postpone the deadline.
However, his attempts have been fruitless thus far, leaving his future at the club at major risk.
According to Il Corriere dello Sport via FcInterNews, Oaktree have already assumed a certain degree of control at the club.
The US-based company has placed two members on Inter’s board of directors. These are the notary Marchetti and the director Carassai.
As the source tells it, Oaktree is now examining every decision that the club is taking.
Oaktree Now Have A Major Say In Inter Milan’s Plans
The Roman newspaper notes that Zhang’s green light is no longer sufficient on its own. This suggests that Oaktree now possess the right of Veto when it comes to the big decisions.
Therefore, the contract renewals of Lautaro Martinez and Nicolo Barella have stalled.
The Nerazzurri captain is expected to pen a new contract along with the vice-captain. But it appears that Suning’s creditors would also have to give their consent regarding the wages.
Moreover, the source believes that the management won’t have a transfer kit to spend in the summer.
The only way to raise funds would be through player sales.
So aside from the agreements with Mehdi Taremi and Piotr Zielinski who will arrive on free transfers, Inter are unlikely to conduct major operations before the situation between Sunning and Oaktree gets settled.
