Unconfirmed rumours, but there is talk of a guaranteed ‘warranty’ clause agreed between Suning and Oaktree- where in the event of a sale of Inter, Oaktree would receive 20% of the difference between a predefined valuation of the club (allegedly €800M) and the real theoretical sale price. This clause would be activated in the event of a sale of the club.
Today is theoretically the last ‘working today’ available for the signing of a new loan agreement between PIMCO and Suning. Oaktree is standing in the way.
All scenarios are possible at this point. Theoretically, the agreement between PIMCO and Suning could be finalized over the weekend and the money transfer take place on Tuesday, as Monday (the May 20 deadline) is a holiday in Luxembourg.
Potentially, behind Oaktree’s ‘hindering’ of the deal could lie a potential buyer for lnter.
If the issue continues beyond May 20, a possible legal battle between Suning and Oaktree could ensue.
by ForzaInter_1908
4 comments
But that doesn’t make sense on why Zhang would demand a 1.2 bil then, cause more the difference, more oaktree gets,
Unless he wants it to be a prohibitive price while still saying I tried so that he refinanced the loan, if so then it’s galaxy brain time from him
I don’t get this. If zhang is getting a loan from another company to repay the debt with Oaktree, how can Oaktree stand in the middle and hinder the deal?
I don’t understand business at this level and I won’t pretend to know. I like zhang and im nervous as to who will eventually replace him.
OakTree was just hoping to get a bigger piece of the pie and didn’t expect for Zhang to find another lender willing to refinance and now are butthurt about it.