In its lower part on the columns Corriere dello Sport Alessandro Giudice comments on the corporate situation at Inter a few months after the agreement with the investment fund Oaktree was concluded: “In four months, the $275 million loan provided in May 2001 by Oaktree Capital to the Zhang family and used by the latter to cover holes will expire within four months. largely poor financial management. Meanwhile, the exorbitant interest rate (12% per year) and its capitalization (payment in kind) will inflate the final debt to almost 400 million. It seems unlikely that Zhang will have the resources to repay them If neither If either of the two doesn’t happen, Oaktree will activate the collateral, taking on 99.6% of “Inter” will repay the loan.”
Source: Tutto Mercato Web
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