There’s less than two months now until Steven Zhang has to pay back US fund Oaktree, who have given the Inter president a lifeline as he works to resolve the issue.

The Nerazzurri president now owes over €375m including interest to the American investment fund, a sum that needs to be repaid by the agreed May 20th date. Failing that, Oaktree have the right to take control of the club from Suning should a new agreement not be reached.

Oaktree have been resilient to refinance the loan, considering it ‘high risk’, and so Zhang and his advisors have been hard at work trying to find a solution, considering finding a new loan with the help of Goldman Sachs and the Raine Group.

Il Sore 24 Ore journalist Carlo Festa details how Oaktree have handed a lifeline to Zhang and Inter, opening up to a refinance of the loan from a private equity under certain conditions, in exchange for further guarantees and the promise of finding a new investor in the club in the foreseeable future.

The report also backs recent rumours that Oaktree would look to take control of the Nerazzurri should Zhang fail to resolve his debut issues or set up a new agreement by May 20th.

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