CEO Marco Fassone has stated that he’s by the spring, but the Financial Times says “a person close to the deal” has told them the chances of an agreement are only 50-50.
Inter also issued bonds to refinance debts earlier this month, but the FT notes the band was “in demand, pricing at 4.875 per cent yield and trading up in the secondary market”.
The newspaper notes that asset managers have typically been reluctant to lend to football clubs, as cash flows can vary wildly based on performances on the pitch.
If these debts aren’t repaid by October, the club can be taken over by Elliott, which was one of the reasons given by UEFA for on Financial Fair Play.
The club itself noted it had received on the bonds, which will yield 4.875 per cent in 2022.
The U.S. hedge fund provided around €300m to allow Yonghong Li to compete his takeover in April, with €128m owed by the club at seven per cent interest and €180m by the Chinese businessman at around 11 per cent interest.
Investors were reassured by the structuring of the bonds, which specifies debts must be serviced before any money can be spent on the club.
It’s thought that uncertainty over the personal wealth of Li is putting off potential 真人外围投注lenders, with the New York Times reporting last month that his mining empire is in fact owned by others.
The Financial Times reports that Milan have just a 50-50 chance of refinancing their debt to Elliott Management.
Nonetheless, the Nerazzurri’s bond will provide the club with an €82m cash injection.
As a澳门外围投注 result, the Rossoneri are to give them more time to pay, and are working with Highbridge to find a lende网络外围投注r.