Serie A champion Inter facing a nervous wait as deadline passes for loan repayment to Oaktree
Time:2024-05-22 10:17:30 Source:entertainmentViews(143)
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:Vatican makes fresh overture to China, reaffirms that Catholic Church is no threat to sovereignty
Next:Slovak Parliament votes to condemn political violence after assassination attempt on prime minister
You may also like
- Victims of UK's infected blood scandal to receive final compensation payments
- Cheyenne Tozzi flaunts her incredible physique in a one
- Bam Margera gets into a street brawl in Los Angeles and claims self
- Supreme Court torn over Oregon's homeless: Kavanaugh says they shouldn't be 'micromanaging' cities
- Closing prices for crude oil, gold and other commodities
- German retirees will get an inflation
- A Greek lawmaker faces criminal charges following a brawl in parliament
- Supreme Court torn over Oregon's homeless: Kavanaugh says they shouldn't be 'micromanaging' cities
- Vikings seek new deal with Justin Jefferson; star WR absent so far from workouts, AP source says