The debt that Suning owe to Oaktree for the high-interest loan has actually gone up to €329.6m, claim Calcio e Finanza, increasing the likelihood Inter could be repossessed in May 2024.
The Chinese company took out the loan at a massive 12 per cent interest in May 2021, using the €275m to refinance the Serie A club and help fuel the next few seasons.
It is set to be repaid on May 20, 2024, otherwise Suning will be forced to hand Inter over to Oaktree Capital for defaulting the loan payment.
According to Calcio e Finanza, who inspected the paperwork, the money owed to Oaktree has increased from €292.1m in December 2021 to €329.6m as of December 2022.
That is €37.5m in interest, which will further increase come December 2023.
If Suning fail to repay the loan, Oaktree will take possession of Grand Tower Sarl, one of the holding companies that allows them to control Inter.
It is a similar situation to the one that saw Yonghong Li lose Milan to Elliott Management after failing to keep up loan repayments in the summer of 2018.
Inter has repeatedly been linked with a sale, but the Zhang family who control Suning continue to insist they are only looking for new investors and not to sell the club.
Love Inter , but hate the colonization of football by China , America and Saudi.