[GdS] Steven Zhang to keep Inter: Steven Zhang close to an agreement with American investment fund PIMCO for a loan of €400m over 3-years which will allow him to keep Inter by repaying €275m loan plus interest granted in 2021 by Oaktree. The official announcement will arrive within 15-20 days.

6 comments

1. Can he repay it?

2. These loans have crazy cost. 12% a year interest rate on 400m€ is about 45m€ a year. That’s almost equal to yearly revenues we get from UCL. Missing on UCL is not an option now. We really need to build that stadium or whatever because like this we are screwing ourselves on the long run

3. These loans keep eating hundreds of M of what he owns. What’s the point?

4. This makes no sense, 400 m to repay 300+ with the interstest? So he runs the club with less than 100m left?

   From uk to american in a day?

   No one knows shit at this point.

5. Everyone needs to remember that $ is different when you’re Uber wealthy. Same rules don’t apply to us.

6. He’s constantly just kicking the can down the road. Only way any of this works is we keep having deep runs in the CL and winning the league where the bonus would go to the loan. Just nonsensical at this point