Time is of the essence for Inter Milan as the clock ticks down on their financial situation. The club’s owner, Steven Zhang, and Suning are facing a looming deadline, with Oaktree ready to step in if needed. Today, May 20, marks the official deadline for Inter to repay a €275 million loan, plus €100 million in interest. However, with a Luxembourg holiday on May 21, Zhang technically has until Tuesday night to make a move.
If Zhang fails to meet the deadline, Oaktree, a US investment firm, is poised to take over the Italian club. The process would involve the enforcement of a pledge, signaling a new era for Inter Milan. Despite the unlikely possibility of an extension, the fate of the club hangs in the balance as the deadline approaches. With Oaktree waiting in the wings, the future ownership of the Nerazzurri could soon change hands.
The situation is tense for Inter as the financial deadline looms large. Fans anxiously await news of how the club’s ownership will unfold in the coming days. As time runs out on Zhang’s window to resolve the financial issues, the fate of Inter Milan hangs in the balance with Oaktree waiting for their opportunity to step in.
