Suning Won’t Lose Inter Milan For Free If Oaktree Capital Complete Takeover

Suning will not lose Inter Milan for free in the event that control of the club passes into the hands of Oaktree Capital.

Today’s print edition of Turin-based newspaper Tuttosport, via FCInterNews, report that the current Nerazzurri owners would receive compensation from an enforced takeover of the club.

It is not yet completely certain that Oaktree will become the new owners of Inter.

There are still, theoretically, a couple more days left in which Suning could make one final attempt to retain control of the Nerazzurri.

But that now looks highly unlikely. The current owners have pursued all options available, but have been unable to come up with a viable plan to repay their debt to Oaktree.

That means that, in a couple of days, the US-based fund can repossess Suning’s shares in Inter.

That is per the agreement that has long been in place, since the loan that Oaktree made to Suning in the spring of 2021.

Suning Won’t Lose Inter Milan For Free If Oaktree Take Over

The terms of the loan agreement are fairly simple.

Inter owners Suning put their controlling shares in Inter up as collateral when they accepted a €275 million loan from Oaktree in 2021.

Therefore, if the Inter owners do not pay that amount back plus interest by the due date – at the start of next week – Oaktree can enforce the terms of the deal and repossess their controlling stake.

However, that does not mean that Suning will be cut out without compensation.

Rather, Tuttosport report, the current owners will end up receiving some compensation.

The newspaper anticipate that Oaktree will be obliged to pay Suning an amount equal to the fair market of the Nerazzurri. Minus, of course, the full debt that the Chinese company owe them.