Oaktree Capital Willing To Extend Deadline On Loan To Inter Milan Owners Suning On One Condition

Oaktree Capital are willing to extend the deadline of their loan to Inter Milan owners Suning, but only on one condition.

This according to today’s print edition of Italian business newspaper Il Sole 24 Ore, via FCInterNews. The US-based fund want guarantees about the future and the search for investment in the Nerazzurri by the current owners.

At the moment, Inter owners Suning are still working to extend the deadline of their loan from Oaktree.

The need to find a solution becomes more and more urgent with each passing day. The deadline is currently May 20th, less than two months away now.

And if Suning were to default, they would have to give up control of Inter. The Chinese company’s shares in the club would pass into the hands of Oaktree in the event of non-repayment.

Oaktree Willing To Extend Loan Deadline For Inter Owners Suning – On One Condition

The negotiations between Suning and Oaktree to try and agree an extension on the deadline have been ongoing for quite a few weeks now.

So far, the US-based fund have not been convinced by any of Suning’s proposals.

But according to Il Sole 24 Ore, there is a willingness on Oaktree’s part to extend the deadline.

But the fund want clearer guarantees about Inter’s financial future than they have thus far received from Suning.

Moreover, Il Sole 24 Ore report, Oaktree expect guarantees regarding Suning’s search for new investors.

Suning have been looking for new investment in Inter for some time now.

This search has been conducted by US-based investment banks Goldman Sachs and Raine Group. The two banks have scanned the market for interest.