Zhang Kangyang can only rely on miracles to keep Inter Oak shows the three major policies after taking over the Nerazzurri

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2024-05-19 10:54Posted in Hubei Serie A commentator, Tencent football special writer

Inter are preparing for the final home game of the league season, but Zhang Kangyang's statement proves that Inter have entered the eve of turmoil.

"As we approach our repayment date, we have been making every effort with our partners to find an amicable solution, including multiple avenues for Oaktree Capital to receive an immediate and full financial return," the statement said. Regrettably, our efforts so far have been thwarted by unilateral legal threats and malicious actions by Oak."

This statement caused a major earthquake in the Inter circle.

Oaktree Capital does not intend to respond to this accusation with announcements and statements, but to inform Zhang Jiahe and the Italian media: the financing agreement was signed three years ago, in black and white, and the debt is just repaid, which is not a "legal threat".

If Zhang's Grand Tower in Luxembourg can't come up with the €380 million to repay its debts by next Tuesday, Oaktree will take over Inter, similar to when Elliott replaced Li Yonghong, and Oaktree is ready to take over Inter.

Festa, an authoritative Italian financial expert, pointed out that Zhang Kangyang could only rely on a miracle to retain Inter, otherwise he would not have issued such an extremely offensive statement.

Alternatively, Mr. Zhang could reach a financing deal with Pmico in just a few days, but that would be difficult. Although the agency has not completely withdrawn, in the words of experts, "the time to reach an agreement is really short, very short".

Either that, or the Zhang family has raised funds from other means to repay the debt, which seems to be more difficult, because if there is such a means, the matter will not drag on until now, and if it is raised from China, how to leave the country is a difficult problem. I consulted the senior of the Jiangsu Provincial Party Committee on this matter, but he did not answer the matter directly, but only asked me to increase my political study and figure out what it means to "rather offend thousands of people than be happy with 1.4 billion".

The Italian side believes that Zhang Kangyang, who has always believed that he can "borrow and raise loans", is now difficult to have other cards to play in his hand, and Inter is moving towards a "passive change of ownership", unless there is a great reversal, Inter will likely bid farewell to the eight-year "era of Chinese capital at the helm".

Next Tuesday, the drama will come to light.

Sky produced a special program to explain what would happen to the Nerazzurri if Oaktree Capital took over Inter.

Three important points.

First, Oaktree will not make significant changes to management.

In addition, Oaktree Capital will continue Inter's current business strategy of "finding a balance between competitive strength and financial security" and "pursuing value for money".

As we all know, since the beginning of 2021, among the 10 members of the Inter board of directors, Oaktree Capital has occupied two seats (Carlo Marchetti and Amedeo Karazaj), and they form the board of directors together with Marotta, Antonello, and 6 Chinese (5 from Suning + 1 from LionRock Capital).

In other words, Oaktree Capital is also a participant and approver of all Inter's financial decisions over the past three years, and they are very familiar with and satisfied with the current way the Nerazzurri are doing business and building achievements. When they take over Inter, they will only reshuffle the new board of directors, but they will not change the management.

In the words of Sky, it is unlikely that Oaktree Capital will invest a huge amount of money to help the team buy and buy after becoming the "new owner" of Inter, and it is even less likely that the existing management and coaching staff will be terminated. In other words, the change of ownership of major shareholders has very little actual impact on Inter Athletic in the short term.

But the most important point is the third point: Oaktree Capital will not hold Inter for long, and they may sell Inter in 3-6 months – financial experts even believe that Oaktree is now pushing forward with the selection and negotiation of another change of ownership – which means that the Nerazzurri could experience two changes of ownership in just a few months. Oaktree Capital will not change Inter's management and existing policies, and it does not mean that the next owner will not. The turmoil and uncertainty this creates should not be underestimated.

"Today was a terrible day to prepare for this round and to go through some financial problems, we had some financial problems and we are waiting for the outcome of this," Marotta said.

Any economy that has changed hands twice in six months will inevitably make people panic. I believe Marotta is not alone in this concern.

In short, Inter has reached a crossroads that they have not seen in eight years.

On Western social networking sites, many fans said that "Zhang Kangyang promised to 'do everything possible to protect the club's color, values and stability', and is very much looking forward to what he will do when he is rooted in the mysterious power of the East".

However, more industry insiders have begun to take stock of Inter's eight-year Chinese-funded era.

How will things develop? Immediately put the water on the ground.

Only one thing is certain: seven titles in eight years, and even if Inter eventually change hands, most Nerazzurri fans will applaud the work of eight years.

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