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Tag: Pimco

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

Inter Fans Sweating as Oaktree Gets Closer to Seizing Club

May 18, 2024 Marko Vrakela Inter, Serie A
These are critical days for Inter owner Steven Zhang. He has until Tuesday to come up with €375 million to repay his debt to Oaktree or risk losing the club to the American asset management firm. 
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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.
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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.
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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.
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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."
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