Nerazzurri to secure €200m loan by Friday

Nerazzurri to secure €200m loan by Friday

Nerazzurri to secure €200m loan before the end of this week. Since the FIGC has given a deadline till May 30, the decision has to be taken now. While Oaktree Capital has a better plan for the club than Bain Capital, they may be the one. However, Oaktree Capital is going to buy out LionRock Capital’s 31 percent shares and not just give out the loan deal.

Inter have been struggling with finances over the past year. The coronavirus pandemic hit the world in January last year, and much before that in China. On top of that, the Chinese government recently brought in a new rule. It states that companies cannot invest outside the country. This made it even harder for Suning as they could not put any personal funds towards the club like the rivals AC Milan owners did. The government is trying to make their National football team better which has been struggling for a while.

Nerazzurri to secure €200m loan

Nerazzurri to secure €200m loan, will reach the club in a week

Suning are still having significant meetings with both the firms to decide the best one for them. While Oaktree proposed a €300 million loan, Bain Capital decided to spend €270 million. However, the loan deal will sum up to around €250-€270 million. And €200 million will be sent to Suning at first while the rest will go to the Great Horizon, Suning’s holding company.

At first, Suning had a meeting with the players telling them to give up 2 months’ wages. However, most players denied it. As the loan talk started at the club, the staff said that it’s just a ‘draining’ tactic. However, Steven Zhang is trying to do his best to remain the major owners of the club. Oaktree would like to take major control of the club and become Inter’s next owners, replacing Suning.

Leave a Reply

Your email address will not be published.