Serie A champion Inter facing a nervous wait as deadline passes for loan repayment to Oaktree
Release time：2024-05-22 10:22:47 Source：World Window 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：Slovak Parliament votes to condemn political violence after assassination attempt on prime minister
- Next：Turkish Airlines resumes flights to Afghanistan nearly 3 years after the Taliban captured Kabul
Related articles
- Spain withdraws its ambassador to Argentina over comments made by President Milei
- Washington moves seen as risking instability
- New energy projects cater to Xizang's power needs
- Nation eyes record year for vehicle sales
- UN maritime tribunal says countries are legally required to reduce greenhouse gas pollution
- Fears mount that Italy's other leaning tower may fall
- Xi Congratulates Thuong on Assuming Vietnam's Presidency
- Peace still elusive for Ukraine crisis
- Bell's RBI single in 10th lifts Marlins to 3
- Cherry blossom in Yuyuantan Park, with the Central Television Tower as background
- Wayne Bennett, at 74, signs a 3
- Xi Meets Putin in Moscow
- A family of forest rangers makes a difference
- Companies in Jinhua established photovoltaic power stations to aid carbon reduction
- Slovak Parliament votes to condemn political violence after assassination attempt on prime minister
- Trump's historic hush money trial begins with jury selection
- Asian regional cooperation highlighted at security meeting
- Antique beauty of architecture of the Ma Family Courtyard on Huimin street
- Devers sets Red Sox record by homering in his 6th consecutive game
- Xi Meets Putin in Moscow
Random recommendation
- Copyright © 2024 Powered by Serie A champion Inter facing a nervous wait as deadline passes for loan repayment to Oaktree ,World Window news portal sitemap