Inter receives the injection of 275 million euros

The Inter. Flamed champion of Serie A for the first time since 2011, he has taken the first step out of his delicate economic situation caused by the decrease in income due to the Covid-19 pandemic and the elimination in the group stage of the Champions League. The Milanese club today announced an operation with the American investment fund Oaktee Capital, which injects 275 million euros in cash.

An amount that will allow the Chinese businessman Steven Zhang, 29, to continue being the owner and president of Inter and will allow him to pay off some debts, including with the first team squad.

The agreement reached by Inter contemplates Oaktree Capital buying a 31 percent stake in the club and granting it a loan. Although Inter does not detail amounts, the Italian media reveal that it will receive an injection of 275 million euros, most of it in the form of a loan, in exchange for that 31% in the club’s participation.

Zhang, owner of retail giant Suning, is also battling the impact of the pandemic and has halted operations at his Chinese soccer club, Jiangsu Suning. In 2018 he acquired Inter.