Transfer Business & Contract Extensions Could Be On Standby At Inter Milan During Transition Of Ownership | OneFootball

Transfer business and contract extensions could be on standby at Inter Milan during the transitional period between Suning and Oaktree Capital.

This according to today’s print edition of Milan-based newspaper Gazzetta dello Sport, via FCInterNews.

Nothing is 100% certain just yet. But, barring any more late twists and turns, Oaktree will take over Inter soon.

Current Nerazzurri owners Suning look set to default on the massive loan that they took on from the US-based fund in 2021. And the deadline for the Chinese company to pay will be on Tuesday.

Thus, given that Suning put their shares in Inter up as collateral for that loan, Oaktree will be able to repossess a controlling stake in the club.

Transfers & Contract Extensions Temporarily On Hold At Inter During Oaktree Handover

The big question will then concern how the in-flux situation at the top of the Inter ownership will affect the running of the club.

The Gazzetta confirm that Oaktree do not plan to make any sweeping changes.

Rather, the US fund will be ready to put their full faith in the existing senior management of the club.

That means that Inter will carry out their existing plans in terms of the squad.

There will be contract extensions for Lautaro Martinez and Nicolo Barella. And then attempts to go after transfer targets – including Albert Gudmundsson, Alessandro Buongiorno, and Bento.

However, these orders of business will have to wait a bit.

There will still be a transitional period at the top of the Inter hierarchy.

Oaktree coming in will mean a new President to replace Steven Zhang, and a new board of directors.

There will be the formal matter of actually electing the new board.

And in the meantime, Inter aren’t likely to intervene in the transfer market or make any contract extensions official.

However, once the handover is complete, the club will be able to act swiftly.