Inter has 126 million in credits, but 735 million in debts. This is what we read between the folds of the balance sheet ending on 30 June 2024, where we can understand that there are as many as 79 million credits that probably cannot be requested. In particular with Chinese regional sponsors for 30 million and Zytara Labs-Digitalbits for 31.3 million.
However, what could be worrying is that Inter has 734.8 million in debt. There is a bond loan of 392 million – which was initially 415 when it was taken out by Zhang on 9 February 2022 – then debts to partners for 34 million, to other financiers for 15 and suppliers for 60. 56 million for tax debts, 40 for other debts. 87 towards Italian clubs for the purchase of players, 36.8 towards foreign clubs. Among suppliers there are also “payables to FIFA Agents for Euro 21,197 thousand, of which Euro 18,768 thousand for debts relating to invoices to be received”.
In short, Oaktree has 609 million euros to probably invest in Inter in the near future to bring debts back to zero. It won’t be too simple a situation, but it’s also true that the money may not matter to the fund except for a short-term investment.