Inter president Steven Zhang is hard at work trying to resolve his debts with Oaktree and has received a counteroffer from the US fund ahead of the May 20th deadline.
Despite their successes on the pitch, the Nerazzurri are still in a delicate financial position ahead of the summer transfer window, needing to pay over €380m back to Oaktree as a result of the three-year loan taken back in May 2021.
Should Zhang and Inter fail to resolve this debt before the deadline, the US fund would have the right to take control of the club, something Suning are desperately working to avoid. Over the last few months, a number of ideas have been considered including a fresh deal with Oaktree or a new €400m loan from elsewhere.
Oaktree offer to Inter
Il Sole 24 Ore via Calciomercato.com details how Zhang is working to find a definitive solution within the first 10 days of May, wanting to avoid any stress regarding the May 20th deadline. There are two options on the table for the Inter president.
The first is to obtain refinancing, tasking help from international law firms Lahtam Watkins, DLA Piper and Pedersoli-Gattai. US fund Pimco, the 6th-largest asset manager in the world, could agree a €400m loan with a three-year deadline.
The other idea is to accept the counteroffer from Oaktree, who are willing to extend the loan deadline by another 12 months.