Oaktree Capital Not Planning To Respond To “Legal Threats” Statement By Inter Milan President | OneFootball

Oaktree Capital are not planning to respond to a statement by Inter Milan President Steven Zhang from earlier today.

This according to Sky Sport Italia transfer market expert Gianluca Di Marzio. He anticipates that the US-based fund’s position will be to remain silent regarding the matter.

Earlier today, Inter President Zhang hit out at Oaktree regarding the impending deadline on a loan that the US-based fund had made to Inter owners Suning.

The Nerazzurri President broke his recent silence regarding the matter.

Reports have indicated for weeks that Suning have been working to secure a new loan from another fund, PIMCO.

This would allow the current owners to avoid defaulting on their debt to Oaktree. And it would keep Zhang at the helm.

However, in the last few days, reports have emerged that those negotiations are falling through.

And now, it looks very possible that Suning will default on paying back their debt to Oaktree.

This would, per the agreement between Suning and Oaktree, see the current Inter owners’ controlling shares in the club pass into the hands of the US-based fund.

Oaktree Not Planning To Respond To Steven Zhang Statement

In Zhang’s statement, the Inter President accused Oaktree of being uncooperative in Suning’s attempts to main control of Inter.

The Nerazzurri President even hinted at “legal threats” that had obstructed things.

Zhang has clearly decided to take the step of directly accusing Oaktree of creating instability.

However, according to Sky transfer expert, Oaktree will not respond.

The US-based fund has a clear position on the matter. And they feel that it speaks for itself and that there is no reason to respond to Zhang.

Di Marzio tweeted, “Oaktree’s position: There will be no response to Zhang’s statement.”

“The contract they have is clear, and the conditions that it specifies have been known for three years.”

“The date on the calendar is not a legal threat,” Di Marzio hints at an implicit response to Zhang’s claims in the Inter President’s statements.

“The Inter President will have to repay the loan by Tuesday. Otherwise, the club will become owned by Oaktree.”