The second scenario
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In the second scenario, the arrival of a buyer would allow Oaktree to repay the loan, offering Zhang a value closer to market references and perhaps the option to convert any difference obtainable from the sale into a minority share. It must be considered that Zhang’s hunt for assets, triggered by China’s second largest bank, puts at risk the millions he could extract.
Certainly, someone has recently started an evaluation procedure for Inter, entrusted to an international advisory company that will be selected in a few days. This is almost certainly a buyer that Oaktree would have involved in the operation and about whom we will have more information in the coming days.
Revenues grew
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In the meantime, the club has announced (with legitimate pride of the management) a half-yearly profit finally of 22 million: an unexpected result obtained months ago with revenues grown by 34.6% compared to a year earlier. The level of the first six months (265.4 million) incorporates approximately 70 million from the market (+41.7 million compared to 31 December 2022 when they were 28.8). The first half of the year also includes the bulk of the rights for the Champions League while the second half of the year could be slightly stingier in terms of revenues. Overall, barring interventions on the market in June, we can project a much more contained loss than in the previous year, foreseeable between 20 and 30 million: a result that would confirm the gradual process of rebalancing the accounts. The shareholder also converted 22 million in loans, of the 128 present at the closing of the last balance sheet“, it is read.
(Source: Corriere dello Sport)
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March 29, 2024 (modified March 29, 2024 | 08:16)
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