Serie A champion Inter facing a nervous wait as deadline passes for loan repayment to Oaktree
Release time：2024-05-22 10:12:15 Source：Planet Profile news portal
MILAN (AP) — Just two days after celebrating its Serie A title win, Inter Milan and its fans face a nervous wait to see what will happen with the club.
Club owner Suning and Inter president Steven Zhang could lose control of the Nerazzurri if they fail to repay a debt of nearly 400 million euros ($434 million) to American investment fund Oaktree.
That sum stems from a loan — and interest — taken out three years ago, shortly after Inter won its last league title.
The deadline for repayment was at 5 p.m. local time (1500 GMT) and there was no word of the outcome several hours after that had passed.
Zhang has tried to extend the deadline for the loan repayment and come up with alternative solutions with Oaktree but without success.
“I can only guarantee that the club is very solid,” Inter CEO Giuseppe Marotta said on Sunday, amid a party atmosphere at San Siro as Inter was presented with its 20th league title.
- Previous：Testimony at Sen. Bob Menendez's bribery trial focuses on his wife's New Jersey home
- Next：Australia's deputy prime minister pledges support to Solomon Islands during visit to Honiara
Related articles
- Spain withdraws its ambassador to Argentina over comments made by President Milei
- WHO says Gaza's Nasser hospital not functional after Israel raids
- Xi Congratulates Pellegrini on Election as President of Slovakia
- China to strengthen capital market regulation, risk prevention
- Vikings seek new deal with Justin Jefferson; star WR absent so far from workouts, AP source says
- People's Daily Online seeks English copy
- Commentary: 2024 ushers in vibrant Chinese economy
- Protection of consumers' personal information highlighted in China's new regulations
- Proposed $2.77 billion settlement clears first step of NCAA approval with no change to finance plan
- Commentary: Provocations by the Philippines in South China Sea unwise, futile
- Garcia, Winker go deep as Nats end slide, beat struggling Twins 12
- WHO says Gaza's Nasser hospital not functional after Israel raids
- Commentary: Is there overcapacity in China's EV sector?
- Protection of consumers' personal information highlighted in China's new regulations
- Spain withdraws its ambassador to Argentina over comments made by President Milei
- UAE to participate in 21st China
- Chinese state councilor meets Thai Princess Sirindhorn
- Protection of Erhai Lake in SW China's Yunnan yields economic benefits
- Weather forecasters warn Pakistanis to stay indoors ahead of new heat wave
- People's Daily Online seeks English copy
Random recommendation