Oaktree ready to give Zhang more time to deal with a new partner
Oaktree capital are reportedly prepared to give Inter president a lifeline as he looks to repay almost €375m to the US investment fund. The Nerazzurri president currently owes the amount within the next two months, with reports from Italy suggesting Oaktree were reluctant to extend the timeline for the loans repayment. Il Sore 24 Ore […]
Oaktree capital are reportedly prepared to give Inter president a lifeline as he looks to repay almost €375m to the US investment fund. The Nerazzurri president currently owes the amount within the next two months, with reports from Italy suggesting Oaktree were reluctant to extend the timeline for the loans repayment.
Il Sore 24 Ore journalist Carlo Festa reports that the debt is due be settled by May 20th, and should Zhang fail to meet the deadline, Oaktree have the authority to assume control of the club from the Suning group.
Festa claims that Oaktree are now prepared to offer an extension to Zhang by allowing them to refinance the loan through private equity. The agreement will be subject to a spefific set of guidelines, which would include attracting new investment into the club.
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