Zhang blasts Oaktree in open letter to Inter Milan fans

Inter Milan president Steven Zhang has hit out at Oaktree ahead of the deadline to repay their loan.

Inter are due to repay Oaktree on Monday, but owners Suning have been speaking with lenders PIMCO which would see them pay back Oaktree with a new loan on more favourable terms.

However, no agreement has been reached with Zhang accusing Oaktree of stalling the process.

The president wrote an open letter published on Inter's website yesterday: Dear Nerazzurri family."

This season marks a historic milestone in our 116-year history as we are now proudly wearing two stars on our chests, symbolizing the joint efforts of women and men in Inter.

As we near the end of this fantastic season, I want to address the speculation concerning our Club's financial stability.

The years 2020 and 2021 were unforgettable for our generation, as the global pandemic profoundly changed many aspects of our lives.

In order to continue our support towards Inter after over a billion of investment , we secured the Oaktree debt facility at our own expense to support this winning project that we started since 2016.

Since then, my management team and I have been dedicated to develop on-field success united strict financial discipline.

Our hard work has paid off. In the eight years under our stewardship, together with our staffs, players and coaches, we have experienced seven trophies, two European finals, and topped the Serie A Championship twice.

The legendary second star is a testament to our growth and success. Of course, achieving such incredible heights both on and off the pitch also benefits all of our partners, including Oaktree.

During the approach of the pending Oaktree facility redemption date, we have been making every attempt with our partner to find an amicable resolution, including multiple paths for Oaktree to achieve full and immediate financial return.

Unfortunately, our efforts to date have been exasperated by legal threats, and a lack of meaningful engagement from Oaktree.

Not only has this been deeply frustrating and disappointing, such behavior now poses potential risks to the Club that could seriously jeopardize its stability.

On behalf of Inter, as the President, I want to assure the hundreds of millions fans around the world, that we will do everything possible to protect our color, fundamental value and stability."