Oaktree Archives - Page 2 of 3 - The Cult of Calcio

With an upcoming meeting looming, Inter will restart from the same three key figures under the Oaktree ownership, the two CEOs and Simone Inzaghi.

Inter Risk an Operational Stoppage Due to Debt Deal

May 17, 2024 Enrico Passarella Calciomercato, Italian Football, Serie A, Serie A 2023-2024, Serie A 2024-2025, Transfer Market

Steven Zhang is unlikely to put pen to paper with Pimco or Oaktree by end of day despite the looming deadline to repay a massive loan to the former. There could be a technical extension of the terms. The affair might spill over to the courtrooms.

While Steven Zhang is in advanced talks with Pimco to replace the loan from Oaktree, the process won’t be resolved until very late.

Financial Maneuvers by Inter Owner Down to the Wire

May 16, 2024 Enrico Passarella Calciomercato, Inter Milan, Italian Football, Serie A, Serie A 2023-2024, Serie A 2024-2025, Transfer Market

While Steven Zhang is in advanced talks with Pimco to replace the loan from Oaktree, the process won’t be resolved until very late. The conversations are still ongoing, and some obstacles have emerged. The deadline is May 20th.

Steven Zhang confirmed he would stay in control of Inter during the Scudetto festivities, but the announcement about the refinancing didn’t arrive.

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

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

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

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.

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.

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