Inter, last 48 hours for Zhang: the Chinese owners are about to lose everything
Suning he’s about to lose Inter, it is a real race against time. The family Zhang must repay the money loaned by the Californian fund by Tuesday Oaktreebut it’s about 375 million. An enormous sum to be raised in such a short time, once that deadline expires the Chinese company will definitively exit the scene and the fund will take its place. Time passes quickly for Steven Zhang, who has been desperately searching for an assist for months to keep Inter fresh from the second star’s Scudetto. The agreement with the fund Pimco – reports Il Corriere della Sera – it seemed one step away and, with it, i 430 million essential to repay the creditor and face at least one more season. Then came the sudden stop. Was it Oaktree that tackled Pimco, enforcing the terms of the 2021 financing? Or was it Pimco that dragged its feet? Or even more simply, Suning didn’t find the money? It is impossible to say which reconstruction is truthful, until the dust raised by the clash between Zhang and has settled Oaktree.
The contract with Oaktree – continues Il Corriere – provides that, in the event of enforcement, the fund will have to pay Suning the difference between Inter’s market value and the 375 million owed to Oaktree. So, the Chinese group could get a “compensation“, the amount of which will depend on the estimates of an expert who will also take into account the debts hanging over the club, including a 415 million bond maturing in 2027. Oaktree is a fund active in credit, purchase and resale of companies and real estate. Founded in 1995, it is headquartered in Los Angeles, in California, and is controlled by the Canadian giant Brookfield. He manages a assets of 192 billion dollars on behalf of large investors such as pension funds, companies and sovereign wealth funds. Inter’s future is in the balance, Oaktree could decide to resell. But maybe not right away.
#Inter #Suning #era #Zhang #doesnt #million #Oaktree #reselling
