Federico Masini Wednesday 22 May 2024, 11:58
Born on December 21st, Steven Zhangaccording to the Western horoscope he is a Sagittarius, but the most suitable zodiac sign for the now ex-president ofInter it would have been that of the twins or at the limit of the scales. Because there can only be two faces – or two weights – to judge his experience at the helm of the Nerazzurri club. Zhang, in fact, leaves a double legacy to those who follow him: on the one hand 7 trophies won over the last four seasons (to which must be added a final of Champions and one of the Europa League), on the other a debt of around 700 million which will burden the club’s coffers and those who will have to manage it. All of this – as Steven himself implied in Saturday’s letter to the fans – accompanied by a more than probable lawsuit that Suning will file against Oaktree for how the pledge was arrived at.
Zhang, lawsuit against Oaktree
Whether the Nanjing group will have some footholds to take it forward will be understood over time. Certainly, thanks obviously to the work of the management in Milan and that on the field Antonio Conte e Simone Inzaghi (without forgetting Luciano Spalletti, the coach who returned the Champions League to Inter), Zhang was able to bring Inter back to the top of Italian football. Two championships, the first in the ’20-21 year during the pandemic – with huge investments especially in the summer of 2019 which then influenced the moves of the following seasons -, the second, the historic one of the second star a few weeks ago. In between two Italian Cups and three Italian Super Cups thanks to Inzaghi. These are the happy notes. In fact, Inter’s economic situation cannot be defined as good, on the contrary, but at the same time it should be underlined that, precisely since the advent of Oaktree since the summer of 2021 with his “task” of supervising the club’s accounts, there have been gradual improvements. The task of the American fund to bring Inter closer to a “healthy” situation will not be easy because the club’s debt remains very high, around 700 million, the result of excessive expenses by Suning in its first years of management and the 415 million bond million due to Inter issued at the end of 2021 and expiring on 9 February 2027. Oaktree has a lot of work ahead of it, but will be able to continue on a path already directed. The gross debt on 30 June 2022 was in fact 881 million, falling twelve months later to 807. According to this season’s estimates, on 30 June 2024 the debt should settle at 700 million.
Inter champions of Italy, Zhang’s farewell party
2024-05-22 09:58:42
#million #lawsuit
