Gazzetta: Zhang set to drop Oaktree and get new loan from English fund

According to La Gazzetta dello Sport, Inter President Steven Zhang will repay a loan with Oaktree through another long-term agreement with an English fund.

La Gazzetta dello Sport reports Inter President Zhang is close to agreeing a new €400m loan with an English fund to be repaid in three years.

This means the Nerazzurri owner plans to end the deal with Oaktree next month.

The American fund had lent €275m with 12 per cent interest accrued in 2021, so Zhang must give back circa €380m by the end of next month.

There were reports that the Chinese entrepreneur was working to extend the agreement with Oaktree, but according to the latest report from Gazzetta, the American fund wanted to change the terms of the deal, raising the interest rate to a one—or two-year deal.

On the other hand, Zhang is reportedly in ‘advanced talks’ with a different fund, based in England, to get a €400m loan with 12 per cent interest to be repaid in three years.

This would give the Inter president more time to find new partners and further improve the club’s financial situation.