The 275 million loan is due! Zhang Kangyang may be forced to sell Inter for 1.2 billion euros, and the Middle East consortium intends to take over
The 2023/24 Serie A season has entered the final stage, the Nerazzurri Inter Milan leads the Serie A standings with a 14-point advantage, and there are only 8 rounds left in the league.
According to the agreement, Zhang Kangyang's 2021 loan of 275 million euros from Oaktree Capital will mature on May 20, and according to the agreement, Zhang will need to repay a total of 380 million euros in principal plus interest, but Zhang is unlikely to repay the loan. Inter Milan's losses are gradually decreasing in the past few seasons, according to the latest financial report, Inter Milan will lose 85.5 million euros in 2023, but it is less than the previous season's loss of 140 million euros, but Inter Milan will be out of the Champions League early this season, and the income will drop sharply.
Suning does not plan to sell Inter Milan, and Zhang Kangyang is trying to negotiate an agreement with Oaktree Capital to defer the repayment of the loan, but Oaktree Capital does not agree to the agreement to defer the repayment, and has made it clear that it will only agree to the deferment of repayment after the start of negotiations for Zhang Kangyang's sale of Inter Milan, which will force Zhang Kangyang to look for investors in the market and sell Inter Milan.
With less than 2 months to go until the repayment date, if Zhang Kangyang is unable to repay the loan in time, according to the agreement, Oaktree Capital will take over the ownership of Inter, but even if Oaktree Capital has the ownership of Inter, they will not directly run the club, but will find a way to find investors who are willing to buy Inter.
Now the pressure is on Zhang Kangyang, in order to also ensure the ownership of Inter, in the next 2 months, Zhang Kangyang will seek new capital investment, it is reported that Zhang Kangyang is refinancing to repay the loan of Oaktree Capital, but the price paid is to find a US fund to enter with an interest rate of 15%, which is tantamount to drinking water to quench thirst, treating the symptoms but not the root cause.
So in the end, Zhang Kangyang will be forced to sell Inter Milan on the market. After 8 years of Suning's operation, Inter Milan has come out of the trough, this season is about to win the Serie A championship, last season also reached the Champions League final, a full recovery, and the team has Lautaro Martinez, Thuram Jr., Bastoni and other star players, is the highest value team in Serie A, at this time the sale is a high profit, the most beneficial to Zhang Kangyang.
There was news before that the Finnish rich and the Middle East consortium intended to buy Inter Milan, and the United States basically intended to take over, the city's sworn enemy AC Milan was acquired by the American Redbird consortium last year, Inter Milan's club resources are not below Milan, Zhang Kangyang's psychological price is about 1.2 billion euros. In 2016, Suning Group only bought 68.55% of Inter's shares for 263 million euros, and if it can finally be sold at the main price, Zhang Kangyang will not only be able to repay the loan in time, but also make a lot of money.
It is reported that the Bahraini fund Nevestcorp is an investment institution with $31 billion, and the ownership of the Middle East consortium will lead Inter Milan to really take off, and I believe that Inter Milan's team hopes to be acquired by the Middle East consortium, so that Inter will have enough economic foundation to achieve a real revival.