The Corriere della Sera reveals some background linked to Inter’s ever-closer handover from the hands of Suning to Oaktree, a Californian fund which in 2021 granted a loan of 275 million at 12% annual interest to Grand Tower, the Luxembourg safe through which Zhang controls the club. In the meantime the debt has grown by over 100 million and has reached maturity.
Zhang set up a negotiation with the Pimco fund, which would have granted a 430 million loan, but then suddenly something went wrong. According to some sources, there are clauses in the 2021 contract that Oaktree has enforced to block the refinancing and essentially prevent Zhang from acts aimed at reducing the sales value. These include taking on new debt.
According to others, however, Oaktree only demanded a prompt refund. It is unlikely to happen in the next few days, also considering that tomorrow (expiration date) is a national holiday in Luxembourg. Oaktree is not inclined to delays and is preparing to become the new owner. The desire is to confirm the current management.