The now well-known date of May 20th is approaching and at Inter we are working on the very last details with Pimco: the point according to Sky
The now well-known date of May 20th is approaching and at Inter we are working on the very last details with Pimco, to sign the definitive agreement between the parties. The Sky Sport website also takes stock of the situation, four days from the date the fund will have to be repaid by now private equity Oaktree. “There hasn’t been any white smoke yet because the signatures and the official statement are missing. And it will be a race against time with law firms working to find the final agreement between Suning and Pimco, the US company specializing in investment management and fixed income securities.
By May 20th
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May 20th is in fact the date on which the loan of 380 million including interest, contracted 3 years ago, will be repaid to the private equity fund Oaktree, which has as a pledge the majority shares of the Nerazzurri club. In fact, only the loan would be moved in the agreement with the new US partner with a new three-year loan of 420/430 million which would be granted to Grand Tower Sarl, a holding company based in Luxembourg, which holds control of Inter.
Between present and future
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If everything goes well it would be an important breath of fresh air and liquidity for Steven Zhang and a bridge solution to find new partners in the management of the club capable of investing or a new buyer, having extended the time period with a new deadline, capable of satisfying the Chinese owners’ request for 1.3 billion euros for the acquisition of Inter.
Some figures
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Everything is progressing quickly and it couldn’t be otherwise because bypassing the date of May 20th with a new agreement in your pocket would raise the threshold of optimism already repaid by the club’s revenue figures, also thanks to new sponsorships and sporting results, and to that of the budget which will close with a deficit of between 40 and 50 million, a clear improvement compared to the 85 of the 22/23 management or the 140 of the 21/22 financial year. In short, it is a question of time and then the future of the club will be known better, pervaded by a moderate belief that everything will be put in black and white before the other stellar Nerazzurri party next Sunday“, it is read.
