Inter might be forced to rethink their plans when it comes to building their own stadium, a report claims, because some further worrying news about their financial situation has emerged.
Milan and Inter have been inextricably linked when it comes to the stadium project(s). Firstly there was the idea launched five years ago whereby the two clubs would build a new home next to the current San Siro which would then be part-demolished.
Then, once that hit a few roadblocks, the teams seemed to go their separate ways with the Rossoneri turning towards San Donato and the Nerazzurri towards Rozzano. Then, the idea of aiming for San Donato together emerged.
While Inter have always publicly made it clear they want to build alone in Rozzano, Alessandro Giudice explained their worrying financial situation during an article for Corriere dello Sport (via Radio Rossonera) today.
The hypothesis that the Zhang family will be able to keep Inter is ‘very remote’ because Suning are ‘a very disastrous group, now linked to rather unsuccessful economic activities in China’ and must repay a €400m loan to the Oaktree fund.
Even if Oaktree agreed to extend the loan, the debt would end up rising due to the increase in the interest rate, and at the moment they have doubts about pushing the deadline back.
The date circled in red is May 20th, which is when it must be repaid. This is only two months away but an agreement could be found in a short time. The fact remains, however, that the arguments presented by Suning do not seem sufficient to date.
Oaktree, which had no plans to take control of Inter, redeemed the package of shares pledged by Suning and Zhang when it obtained the € 275m loan in May 2021. According to Giudice, the US fund have been concretely gearing up for the idea of taking control.
This would of course then have a knock-on impact on Inter’s ability to fund a new stadium and might undermine some of the work they have already done.
Poor Inter, eh…? 😀 😀 😀 😀 😀 😀 😀
You (will) get what you deserve. 🙂
My feelings towards inter are that I enjoy our rivalry and I enjoy that the two strongest teams are from the great city of Milan – that which would be capital if Italy didn’t value crumbling stone over progress.
I hate them respectfully, and I hope they come out of this stronger and our rivalry can continue to show the world how beautiful Italian football is.
I sincerely hope they won’t come out of it stronger, but rather weaker than us
🤣🤣🤣🤣
I hate them, disrespectfully 😂
I hate the shady things that Inter does (especially the vulture Marotta).
It is clear to me that Marotta offered Calha more money not because they thought he was worth it but to disrupt our team, and I have a strong feeling that it was the same situation this year with Thuram…
Chickens are coming home to roost at last.
Well, we might see Inter implode this summer. I’m not sure what Oaktree’s capabilities or intentions are, but we could see a fire sale of players to bring in funds before the actual sale of the club, or they might turn it right around to PIF without much as skipping a beat before the transfer window opens. But if they do implode it could very well leave us as the de facto strongest side in the peninsula, if we can hold on to our best players. So these developments are quite exciting. The 20th might not be as far off as previously thought!
“The 20th might not be as far off as previously thought!”
That would change in case of selling Theo and/or Leao. Let’s see what the summer brings…