Oaktree Archives - The Cult of Calcio

Inter Patron Still Negotiating Ahead of Key Deadline

May 2, 2024 Enrico Passarella Inter Milan, Italian Football, Serie A, Serie A 2023-2024, Serie A 2024-2025 Leave a comment

Steven Zhang confirmed he would stay in control of Inter during the Scudetto festivities, but the announcement about the refinancing of the Oaktree loan didn’t arrive as many pundits expected. He'll retain the team regardless, but he has options.

Inter owner Steven Zhang made his first public remarks in months at the Formula One Grand Prix in China over the weekend, corroborating the recent news.

Inter President Confirms Reports and Rallies the Troops

April 22, 2024 Enrico Passarella Calciomercato, Inter Milan, Italian Football, Serie A, Serie A 2023-2024, Transfer Market Leave a comment

Inter owner Steven Zhang made his first public remarks in months at the Formula One Grand Prix in China over the weekend, corroborating the recent news about the club's future: “As long as I’m the president, we will always be competitive at the highest levels."

Steven Zhang continues to work behind the scenes to keep ahold of Inter ahead of the deadline of a giant loan from Oaktree.

Inter Owner Identifies Fallback for Financial Stability

April 15, 2024 Enrico Passarella Inter Milan, Italian Football, Serie A, Serie A 2023-2024 Leave a comment

Steven Zhang continues to work behind the scenes to keep ahold of Inter ahead of the deadline of a giant loan from Oaktree. He appears to have found some help in England. He could replicate the same operation but with a different fund.

Steven Zhang is closing in on an agreement with Oaktree to avoid giving up Inter. The negotiation to postpone the deadline of a loan had slowed down..

Inter Owner Zhang Expected to Retain Control of the Club

April 5, 2024 Enrico Passarella Calciomercato, Inter Milan, Italian Football, Serie A, Transfer Market

Steven Zhang is closing in on an agreement with Oaktree to avoid giving up the team in May. The negotiation to postpone the deadline of a loan had slowed down, but new developments suggest the Nerazzurri won’t change hands in the short term.

Inter closed the last six months of 2023 in the black by €22M thanks to vastly superior income compared to previous seasons.

Inter Doing Better Financially but Not Swimming in Gold

March 28, 2024 Enrico Passarella Calciomercato, Inter Milan, Italian Football, Serie A, Serie A 2023-2024, Transfer Market

Inter closed the last six months of 2023 in the black by €22M thanks to vastly superior income compared to previous seasons. They were in the red for €63.5M last year. The positive trend stems from the transfer market and other sources of revenue.

The efforts from Inter owner Steven Zhang to renegotiate a giant loan from Oaktree have been in vain so far. The May 20th deadline is rapidly approaching.

Inter Owner Struggling to Come to Terms with Oaktree

March 20, 2024 Enrico Passarella Inter Milan, Italian Football, Serie A, Serie A 2023-2024

The efforts from Inter owner Steven Zhang to renegotiate a giant loan from Oaktree have been in vain so far. The May 20th deadline is rapidly approaching. The matter has big ramifications for the club since it was used as collateral.

Steven Zhang, assisted by Goldman Sachs, is looking to buy time to find the money to repay a mammoth loan from Oaktree, which he used to finance Inter.

Inter Owner Working Behind the Scenes to Stay in Charge

October 27, 2023 Enrico Passarella Inter Milan, Italian Football, Serie A, Serie A 2023-2024

Steven Zhang has every intention of keeping ahold of Inter, as he suggested during the recent board meeting. He’s operating quietly to ensure he’s not forced to give up the club, which he used as collateral in a €275M loan from Oaktree. There's no ongoing due diligence.

The subjects involved in the affair are keeping things close to the vest, but it is indeed Investcorp that’s trying to take over Inter.

Investcorp Putting Together Proposal to Acquire Inter

September 27, 2023 Enrico Passarella Inter Milan, Italian Football, Serie A

The subjects involved in the affair are keeping things close to the vest, but it is indeed Investcorp that’s trying to take over Inter. They put forth an offer directly to Rain Group, the bank that received the mandate to seek buyers or investors.

A Saudi fund is concretely interested in taking over Inter. It’s not simply speculation, but it has been conducting the due diligence on their finances.

Chatter Regarding Inter Sale Starts Gaining Momentum

September 25, 2023 Enrico Passarella Inter Milan, Italian Football, Serie A

A Saudi fund is concretely interested in taking over. It’s not simply speculation, but it has been conducting the due diligence on their finances for a few weeks. They could soon lodge a bid to Raine Group, the bank that received the mandate to find buyers.

Fresh Rumours About a Potential Inter Sale Resurface

September 22, 2023 Enrico Passarella Inter Milan, Italian Football, Serie A, Serie A 2023-2024, Transfer Market

Raine Group has been quietly searching for buyers for Inter in the last few months. They appear to have found an investor willing to meet Suning’s requests, more precisely, a Middle-Eastern fund. The bank is optimistic the deal could go through this time.

After trying and failing to acquire Milan in the past, Investcorp has resumed eyeing Serie A and set its sights on Inter this time.

Investcorp Rumored to Have Inter in Their Crosshairs

April 12, 2023 Enrico Passarella Inter Milan, Italian Football, Serie A, Serie A 2022-2023

After trying and failing to acquire Milan in the past, Investcorp has resumed eyeing Serie A and set its sights on Inter this time. The Bahraini fund is assembling a consortium and collecting money to convince Steven Zhang to give up the team, something he has long resisted despite their well-known difficulties.

Suning Finalizes Sizeable Loan from Oaktree to Finance Inter

May 20, 2021 Enrico Passarella Inter Milan, Italian Football, Serie A, Serie A 2020-2021

Suning announced to have secured a €275M loan from the Oaktree Capital Management, a fund that handles assets for €122B, to support Inter. The money will technically come from Great Horizon, the Zhang holding that owns 68,55% of the club. The Chinese conglomerate will have three years to pay it back; otherwise, Oaktree will take over.

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