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Inter in trouble, Zhang must return 350 million euros to the American company

2022-11-04 18:58:17, Sport CNA

Inter president Steven Zhang is looking for a financial plan B as an alternative to selling the club, reports Il Sole 24 Ore. Some time ago news came out that Inter was for sale and according to the media, Zhang relied on the bank Goldman Sacks and Raine Group to find a potential buyer and explore all the possibilities. Zhang's wish is to renegotiate the debt with US fund Oaktree Capital that expires in May 2024, after a year and a half.

Oaktree lent the amount of 275 million euros to one of Zhang's companies with which it controls Inter and together with the interest of 12%, it was agreed that the amount would be returned in May 2024, i.e. a total of 350 million euros. If Zhang does not repay this debt, Oaktree will become the new owner of Inter, the same as Elliott Fund's situation with Milan and Yonghong Li.

Another option on the table is the sale of a minority stake, but Zhang does not prefer this option as, according to him, the price is lower than the market value, 1.2 million euros.





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