A sale of Inter Milan may not be too far away even with current owners Suning securing an important new loan from PIMCO.
Today’s print edition of Turin-based newspaper Tuttosport, via FCInterNews, reiterate the notion that the new loan may only be delaying the inevitable as far as Suning selling the Nerazzurri.
One thing that is certain is that Suning will remain in control of Inter in the immediate future.
The Nerazzurri owners are right on the verge of making a new loan from US fund PIMCO official.
That loan will be for around €430 million. This amount will be more than sufficient to pay back the full debt that Suning owe to Oaktree Capital.
Thus, not defaulting on the loan from Oaktree, Suning’s shares in Inter will not pass into the hands of the US-based fund.
Inter Sale On The Way Despite Suning Securing PIMCO Loan?
But there have been many suggestions that this new loan from PIMCO is nothing more than a bridge loan for Suning.
The Inter owners will certainly get some breathing room.
The May 20th deadline of the Oaktree loan has long loomed as a big turning point for Suning at Inter. And it will come and go with the owners still in charge.
However, Tuttosport note, there is still little doubt that Suning would listen to offers for Inter.
That has always been the case. Reports have always indicate that the Nerazzurri owners’ valuation for the club is around €1.2 billion.
So far, a sufficient offer has not arrived.
But Suning are working to raise the value of the club all the time. This is the case both on the pitch – where recent seasons’ results certainly haven’t hurt – in the transfer market, and in terms of the club’s brand and commercial activity.
Therefore, it is still very much on the cards that a big offer could arrive.
For Tuttosport, the likeliest candidate to buy Inter from Suning would be from Saudi Arabia, where the rumours of interested parties are very persistent.
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