Oaktree wants all of Inter: 300 million immediately, here’s the plan. Bain replies …

Decisive days for the future of the Nerazzurri club: Suning must give an answer to the investment funds concerned

The corporate future of Inter will be decided within a few days, at most a few weeks: Suning must give an answer to the two investment funds remaining in the race (Oaktree and Bain Capital) to enter the club’s capital, so as to unlock the necessary financing for cover the arrears of monthly payments and lay the foundations for next season’s programming. Second Tuttosport at the moment two different positions have emerged: “A negotiation that must produce results as quickly as possible, but has two critical points: the speed with which whoever lends the money can become the owner of Inter and the analysis of the tangle of sponsorships in China. The professionals of Oaktree and Bain Capital who deal with the Nerazzurri dossier are working tirelessly on these details, who continue paired in the sprint to save the Nerazzurri finances.“.

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“Oaktree looks with interest at the possibility of becoming in a not too long period owner of Inter. It should be precisely on this point that the closest negotiations with Suning are underway. The Nanking group is beating around the bush because they don’t want to give up control of the Nerazzurri club. He intends to receive a maxi-loan that allows him to get by until financial conditions improve, with a repayment path that allows him not to end up with his back to the wall too soon. The counterpart’s need is clearly opposite, as it would be pushing for more stringent constraints, capable of accelerating the entry into the majority of Inter in the face of any non-fulfillment in the repayment of the sum and interest. A form of protection with respect to one’s credit. It is the double face of the Oaktree operation from Suning’s point of view. It would allow the Lion Rock slide out of the shareholding structure to be resolved without disbursement and would push the investment threshold up to 300 million“.

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“Bain, who puts 270 million on the plate, seems to limit himself to a role of pure lender at least in the initial phase. Even if the landing point would be the same in the event of insolvency, as happened to Milan with the transition from Yonghong Li to the Elliott Fund. The Boston group would exercise the pledge and take over control of the Italian champions. However, there should be a timing difference between the two options. An aspect that may be relevant for Suning which seems willing to delay until the last possible second. A nerve-wracking negotiation tactic that has already annoyed other funds that have approached Nanjing managers in recent months. And it also begins to tire many internal components of Inter, eager to understand what the scenario is in the immediate future“.

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