Today could be the decisive day to resolve the situation at Inter. Summary of previous episodes: Zhang would be very close to closing the agreement with Pimco for a loan of around 430 million euros necessary to pay off the 375 million one with Oaktree as well as replenishing the company’s coffers. A situation that is being played out on a razor’s edge with the previous loan which will expire on Monday.
Today is the last working day for signing
Today’s edition of Gazzetta dello Sport took stock of the situation underlining how today could be decisive as it would be the last working day available to be able to put pen to paper with the US company based in Newport Beach, California.
Risk of legal battle
That wouldn’t be all there is to it. Oaktree, however, would like to enforce a clause inserted when the contract with Suning was drawn up. In the event of immediate sale of the company, he would be entitled to 20% of the difference between a default valuation, which unconfirmed rumors attribute to around 800 million euros, and the real sale price. A clause that would be maintained even in the event of refinancing of the club through Pimco. A situation that could go beyond May 20th with the risk that the timeframe will be further extended without even excluding a possible legal battle between the Inter owners and Oaktree itself.
