Negotiations between Steven Zhang and financial giant Pimco for a loan to Inter are at a standstill. According to Bloomberg, the financial future of the Nerazzurri club is hanging by a thread. The figures at stake are significant and the consequences could be serious for the club and its fans.
According to sources, Inter president Steven Zhang is seeking a €435 million loan through private bonds maturing in 2026 and with an interest rate of 15%. This financing is essential to allow Zhang to repay his €275 million debt to Oaktree, which, with interest, has reached around €375 million.
Oaktree’s loan to Suning is set to expire on Monday, May 20. The new financing is payment-in-kind, with 15% interest paid in full upon maturity in 2026. This could temporarily relieve financial pressure on Inter’s parent company Suning, but the high interest rate represents a costly long-term commitment.
A smaller portion of the funding should be earmarked for strengthening the club's finances. If negotiations fail, the repercussions could be severe. Financial uncertainty could jeopardize the club's stability, negatively impacting the club's internal environment and fan morale.
Failure to reach an agreement between Zhang and Pimco could expose Inter to serious financial problems. The debt with Oaktree must be repaid promptly to avoid devastating consequences for the club and Suning. Failure in negotiations would not only undermine Inter's financial stability, but could also fuel doubts and concerns among fans, further compromising the atmosphere around the team.
Article published on May 17, 2024 - 10:23 pm
