Inter Milan owners Suning are still looking to sell the club, even though they registered a breakthrough in their attempts to refinance the Oaktree Capital loan.
In May 2021, the Chinese group loaned 275 million euros from the US-based investment company to cover the club’s operational costs.
Suning must repay the amount in full along with the interest rate by May 20th, 2024. Therefore, Inter president Steven Zhang is currently in a race against time to find a solution with Oaktree.
As we reported yesterday, the Inter owners are on the verge of finding an agreement with Oaktree to refinance the loan.
The source claimed Suning are in advanced talks with three different entities. These are Ares, Sixth Street Partners and Hayfin Capital Management.
But according to Il Corriere dello Sport via FcInter1908, Suning still intend to sell their majority shares in the club.
Suning Still Looking To Sell Inter Milan Despite Oaktree Loan Refinance Plan
As the Roman newspaper explains, the Chinese group is working to refinance the loan in order to buy time.
They believe Inter’s improving finances will place them in a more advantageous position in the future. Therefore, they would have more leverage on the situation and would be able to gain themselves a more prosperous exit plan.
In other words, Suning feel they can sell Inter for larger figures in the coming years.
This is partially thanks to the club’s recent exploits in Europe as well as their qualification for the 2025 FIFA Club World Cup.
Moreover, Inter CEO Beppe Marotta and company have managed to register gains on the transfer market front.
The Nerazzurri sold some of their most prized assets in recent years, replacing them with less costly players. Many of them have arrived as free agents.
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