With a debt of 670 million euros, Zhang Kangyang collapsed, and there was no way to find it in February, and Suning will withdraw from Inter

According to the "Roma Sport" report, the Serie A giants Inter Milan are very likely to face a change of ownership in 2 months, because 3 years ago, Inter Chairman Zhang Kangyang used the shares of Inter held by Suning Group to pledge a loan of 275 million euros to the American Oak Group to face the dilemma of not being able to return the principal.

In 2021, Europe is facing a raging epidemic, and major clubs have serious paper losses, and they must rely on blood transfusions from the holders behind them. It is in this context that Suning Group has chosen to maintain Inter's operations through high-interest loans. Today, the 275 million euros in arrears, plus three years of interest, has reached 370 million euros, and Zhang Kangyang only has 120 million euros in cash in the accounts of the company that he used to pledge the loan, which is only enough to repay the principal. Therefore, four months ago, Zhang Kangyang asked Oaktree Group to repay the interest first, and the request for deferred payment of the principal was also approved by the other party. Who knows, a few months later, the Oak Group suddenly turned its face and did not recognize anyone, demanding that Zhang Kangyang must return the principal and interest together, otherwise they will take away the shares of Inter pledged by Suning and become the controller of Inter Milan.

Just after Oaktree Group forced the palace with loans, the Hong Kong court also announced that a loan dispute involving Zhang Kangyang of up to 300 million euros was officially lost. In this loan agreement, Zhang Kangyang, as the guarantor, is jointly and severally liable. The Hong Kong court has informed the local court in Italy that all the salaries paid by Inter Milan to Zhang Kangyang in the future must be handed over to the lender, China Construction Bank. Fortunately, this guarantee dispute is only related to Zhang Kangyang himself, and has nothing to do with Inter Milan Club.

Obviously, these two arrears of 675 million euros have pushed Zhang Kangyang and Suning into a desperate situation. Originally, Zhang Kangyang planned to return to Italy in April, ready to participate in Inter's Serie A championship celebration, and now according to the Milan Sports News Inter Milan team reporter's revelations, his return date is once again in a mystery, if these two arrears cannot be resolved, Zhang Kangyang may be difficult to appear in Inter's championship celebration.

For Zhang Kangyang, there are three ways to solve this arrears. The first, and the best, option would be to secure funds from other sources to pay off the €375 million owed by Oaktree. Considering that they still have 120 million in cash, they only need to borrow 250 million euros to pay it off. However, now the parent company Suning Group's performance has not improved, and its domestic operation has fallen into a quagmire, although Zhang Kangyang has entrusted Goldman Sachs Group to find other ways of funding, but whether it can be found within two months, it is difficult to say.

As for the second method, Zhang Kangyang raised the interest rate by getting Oaktree Group to agree to the condition of repaying the interest principal first and delaying the payment for several years. But in December last year, he had already suggested raising the interest rate from 15 points to 18-20 points, but the answer to this suggestion is now no. I'm afraid that if we continue to raise the interest rate, the effect will not be too great.

The third way is to sell Lautaro, Barella, Bastoni, Thuram and other high-quality assets in the team in exchange for a large amount of cash receivables, and then withdraw the club's funds to solve their own crisis. But this is undoubtedly to quench his thirst, I am afraid that as long as he exposes this intention, whether it is the Oak Group or the local Italian supporters, they will stand up against it, after all, as collateral, the Inter club and players are already their own property in the eyes of the Oak Group.

Now it is clear that there is only one point, for Suning Group and Zhang Kangyang, there is really not much time left for them to solve the problem.