Suning To Sell Inter By Due Date Of Oaktree Loan In 2024, Italian Media Claim | OneFootball

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SempreInter.Com

·28 September 2022

Suning To Sell Inter By Due Date Of Oaktree Loan In 2024, Italian Media Claim

Article image:Suning To Sell Inter By Due Date Of Oaktree Loan In 2024, Italian Media Claim

Suning are still likely to sell Inter by 2024, as they are unlikely to be able to repay the loan from US-based fund Oaktree Capital by that point according to Italian media.

This is the view in today’s print edition of Turin-based newspaper Tuttosport, who claim that the current owners will have to look for a way to sell the Nerazzurri sooner or later despite recent signs of stability, and that the only interest is in buying the club outright rather than investment as a minority partner.

Suning have sent a signal of stability by covering the losses reported for the most recent fiscal year with a shareholders’ loan, although there is no papering over the fact that the financial situation with their ownership of the club remains very difficult.

The loan from Oaktree has ensured that liquidity has been guaranteed over the past couple of years affected by the pandemic, but paying it back will be a massive undertaking.

According to Tuttosport, it still looks likely that the current owners will be unable to accomplish this given that there does not look to be any interest in supporting the club with an investment as a minority partner, and so they will likely have to sell.

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