It remains to be seen how long the club will want to keep the American fund and whether it will immediately start looking for buyers
Once the time for Zhang to repay the debt has expired, Oaktree will enforce the pledge and become Inter’s largest shareholder. It remains to be seen how long the club will want to keep the American fund and whether it will immediately start looking for buyers.
“Oaktree’s lawyers are at work. The Pedersoli Gattai firm, on the Italian side, and a Luxembourg firm on the Grand Duchy side: the process has been started for the enforcement of the pledge by the Californian fund on the 380 million loan euro (including interest) signed three years ago by the Zhang family’s holding company, namely Grand Tower. Once the procedure with the Luxembourg Court is finished, the Zhang family, Suning shareholders, will no longer be the owners of Inter, but the control. it will pass to Oaktree, or rather to a division of the Californian fund (the Opportunies Group, where senior vice president is the Italian Renato Meduri) which is among the most flexible of the US group”explains Il Sole 24 Ore.
2024-05-22 07:15:57
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