Steven Zhang, assisted by Goldman Sachs, is looking to buy time to find the money to repay a mammoth loan from Oaktree, which he exploited to finance Inter, due in April. It was issued in 2021. Considering its 12 percent rate and interests, it amounts to €385M now, Reuters informs.
The Nerazzurri owner is in talks with the fund for a new agreement with different parameters. It would be shorter than the original one.
Zhang used his Inter shares, 68,5%, as collateral, so Oaktree would take over if he didn’t meet the deadline. On the other hand, they have no interest in owning the team, Panorama reported. In addition, the situation isn’t so cut-and-dried. They wouldn’t simply be handed control of the club but would rather have the right to buy it for the market price, which is way superior to the loan amount.
Giuseppe Marotta voiced his optimism before the Atletico Madrid clash to Mediaset.
“It’s only right for me not to speak in detail because these are questions for the ownership. I talked with Zhang a few days ago. He wishes to plan for the future. He deserves recognition for what he does.”
Our Take on Inter, Zhang, and Oaktree
This matter is more crucial to their future than any win or transfer market deal, but the narrative around it has probably been more dramatic than needed. The murmurs about a sale have quieted down significantly. They’ll most likely stay the course one way or the other.
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