Zhang to Cover Inter Losses but Future Remains Murky

President Steven Zhang, or better the Suning conglomerate, will take care of the losses accumulated by Inter in the past season. They will not pursue fancy solutions to make up for them but simply pour money into the club. That will guarantee that there won’t be any financial tribulations in 2022/2023, La Gazzetta dello Sport reports.

The Chinese ownership had already directly put €75M into the side in 2021. The new cash will continue to come from a €275M loan they stipulated with Oaktree in the past. It is due in 2024 and has the outfit as collateral. Therefore, the American fund would take over if it wasn’t repaid. It’s the same thing that happened at Milan with Elliott and Yonghong Li. But the chairman is looking to avoid such scenario.

As per Il Sole 24 Ore, Zhang has given the mandate to both Goldman Sachs and the Raine Group to find either a minority partner to assist him or a buyer for Inter. The latter helped Roman Abramovich sell Chelsea to Todd Boehly earlier this year. The Nerazzurri are reportedly generating more interest in the United States than in the Middle East. The higher-ups will likely hire a legal firm as consultants in the next few weeks as well.

According to La Repubblica, the future of the Zhang family at the helm of La Beneamata will be decided at a political level in China in mid-October. The Communist Party will soon hold its national congress. If it rules that its members shouldn’t invest abroad, a change of ownership would be almost inevitable.

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