Suning To Only Recover Part Of €800M Investment In Inter Milan After Oaktree Takeover | OneFootball

Suning will recover only part of their €800 million investment in Inter Milan following the takeover of the club by Oaktree Capital.

This is highlighted in today’s print edition of Rome-based newspaper La Repubblica, via FCInterNews. The newspaper also notes the significant debt bond that the Nerazzurri still have.

Suning have not sold Inter in the last three years. Nor have they found a solution to pay their debt to US-based fund Oaktree Capital.

Therefore, Oaktree will soon be able to take over the Nerazzurri from the club’s current owners.

Suning have made a sizable investment in Inter. The Chinese company has put around €800 million into the club, between the initial purchase in 2016 and then subsequent investment.

And the Inter owners could well have made that back – and then some, potentially – had they carried out a sale of the club.

Reports indicated that Suning were seeking around €1.2 billion to sell Inter.

No offers of that size ever arrived – or if they did, Suning did not accept them.

However, even a sale for a smaller amount could well have enabled Suning to at least get back what they put into Inter, even after paying back their debt to Oaktree.

Suning Will Only Recover Part Of €800M Invested In Inter Milan Following Oaktree Takeover

But Suning will not get any of the proceeds from a sale of Inter.

It will instead be Oaktree who make a profit off the club’s sale, if and when the fund decide to carry out a sale of the Nerazzurri.

That does not mean that Suning will come away empty-handed.

Per the terms of the agreement between Suning and Oaktree, the US fund must compensate the Chinese company for their shares in Inter.

The amount will be equal to a valuation that an independent appraiser determines. Minus, of course, the full debt that Suning owe to Oaktree.

That amount will hardly end up being the approximately €800 million that Suning have put into the club, however.

Meanwhile, La Repubblica note, Oaktree will inherit the €415 million bond at Inter.

The Nerazzurri issued that bond in February of 2022. This was to refinance the previous €375 million bond from 2017 – which had been for losses during the Moratti and Thohir ownership eras.

The current bond comes due in 2017.