According to the latest news from the Italian media "Milan Sport", Inter chairman Zhang Kangyang is about to reach a new financing agreement with a British capital, with an amount of 400 million euros for three years, and the interest rate should not be lower than 12%.
Obviously, Zhang Kangyang's move is to break the dependence on Oaktree Capital at the financing level to ensure his continued control of Inter.
In May 2021, in order to cope with financial difficulties, Zhang Kangyang borrowed 275 million euros from Oaktree Capital Financing with Inter as collateral at an interest rate of 12% for three years. This means that by May 20 this year, Zhang Kangyang will need to repay a total of 380 million euros in loan principal and interest to Oaktree Capital.
What is certain is that Inter have performed well at the competitive level in the last two seasons and their financial situation has also tended to improve. Recently, according to the financial report provided by the board of directors of Inter, Inter has begun to turn losses into profits in the first half of this year, with a net profit of 22.3 million euros.
However, we must note that Inter still have a lot of money to spend, in addition to the salaries of the players and management, the club is also planning to build a new stadium.
As a result, Zhang Kangyang had no way to raise excess funds from Inter to repay the principal and interest of the loan from Oaktree Capital. However, as the chairman of a giant team, Zhang Kangyang obviously showed great sincerity for repayment. It is reported that Zhang Kangyang had asked Oaktree Capital to allow him to pay 105 million euros in interest first, and to refinance the principal amount of 275 million euros, the interest rate can be increased to 16%.
Unfortunately, Oaktree Capital does not seem to be optimistic about Inter's prospects, and they not only rejected Zhang's offer, but also urged Zhang Kangyang to repay the money as soon as possible, and even threatened to take over Inter and find a new buyer for it if Zhang Kangyang could not repay it when it was due.
What is certain is that Inter are on the rise, and Zhang Kangyang has a real love for the Nerazzurri, and he does not expect the century-old team to fall into the doldrums again in the hands of some speculators.
According to news from Festa 24-hour reporter of Sunshine 24 hours, with the help of Goldman Sachs and other consortia, Zhang Kangyang has reached an agreement with a new financing partner in London, with a total amount of 400 million euros. This means that Zhang Kangyang is fully capable of repaying the principal and interest of 380 million euros of Oaktree Capital's financing loan by May 20, so that he can continue to be in charge of Inter.
It is worth mentioning that before Zhang Kangyang was about to say goodbye to Oaktree Capital, the management of Inter Milan also collectively supported the young Suning young owner, and the three giants of Inter, including team director Marotta, have successively expressed their support for Zhang Kangyang in various forms.
Marotta said that he and Zhang Kangyang have exchanged views on the specific affairs of the club, and although the chairman is not in Milan City, all Inter members, including Marotta, can feel his presence.
Marotta stressed: "We hope that Zhang Kangyang can continue to lead us forward, all the signs at the moment are showing this, the club's financial situation is stable, we are relieved about this and hope to continue working with the Zhang family." ”
Financial director Antonello said in an interview with the media that Inter has as many as 750 million supporters around the world, and it takes a great sense of responsibility to take charge of such a big club, at least Zhang Kangyang has done it.
"As an excellent major shareholder of Inter, Zhang Kangyang has the enthusiasm and ability to continue to lead Inter forward!"
"Have we been looking forward to buying Inter in the last two years like other capital? No, we don't want that. ”
As the coach of the team, Inzaghi Jr. revealed that although he has received an invitation from the Premier League, he prefers to participate in next year's Club World Cup with Inter. Of course, there are still prerequisites for staying: one is the renewal of the contract and the salary increase, and the other is that there can be no major changes in the club's top management, implying that Zhang Kangyang must ensure the position of chairman.
It is worth noting that not only the Big Three of Inter Milan hope that Zhang Kangyang will continue to be in charge of Inter, but according to the questionnaire of the Italian media, even more than 60% of Italian fans also recognize Zhang Kangyang very much, hoping that he can stay at Inter.
What is certain is that after Zhang Kangyang completes new financing and bids farewell to Oaktree Capital, Inter will enter a period of financial stability, plus Marotta and other management have renewed their contracts until 2027, Inter Milan is still very worthy of fans to look forward to in the next three years under the leadership of Zhang Kangyang!