Serie A champion Inter facing a nervous wait as deadline passes for loan repayment to Oaktree
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.
Related articles
How major US stock indexes fared Monday, 5/20/2024
U.S. stock indexes drifted to a mixed finish after a quiet day of trading, and the Nasdaq composite2024-05-22Vietnam police arrest assistant to National Assembly chairman — Radio Free Asia
Vietnam’s Ministry of Public Security has arrested Pham Tai Ha, deputy head of the country’s Nationa2024-05-22Jokic is trying to stay on top and Embiid is trying to stay on the court
NEW YORK (AP) — Nikola Jokic and Joel Embiid are the NBA’s main men in the middle, the two centers c2024-05-22Bucks open their playoff run without Giannis Antetokounmpo
MILWAUKEE (AP) — The Milwaukee Bucks started the playoffs Sunday without Giannis Antetokounmpo due t2024-05-22Landmark Paris trial of Syrian officials accused of torturing, killing a father and his son starts
PARIS (AP) — The landmark trial of three former Syrian intelligence officials began Tuesday at a Par2024-05-22Iran's president holds talks with Pakistani premier after arrival in Islamabad for a 3
ISLAMABAD (AP) — Iran’s President Ebrahim Raisi met with Pakistani Prime Minister Shehbaz Sharif on2024-05-22
atest comment