Serie A champion Inter facing a nervous wait as deadline passes for loan repayment to Oaktree
Release time：2024-05-22 10:08:26 Source：Global Grid 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：Iran's nuclear policy unlikely to change even after president's death
- Next：At least 6 Egyptian women die after vehicle slides off ferry and plunges into Nile River
Related articles
- Election deniers moving closer to GOP mainstream as Trump allies fill Congress, report shows
- UN court orders Israel to allow unhindered aid to Gaza
- Hangzhou 2022 Asian Games lights up passion for Esports
- Lian and Yang win China's 7th diving gold at swimming worlds
- Adela Cernousek of Texas A&M wins NCAA individual golf title for first collegiate win
- Cargo throughput of Rizhao Port sees 6.7 pct y
- People savor beautiful sights of spring flowers across China
- Asian cinema ready to unite
- State Supreme Court and Republican congressional primary elections top Georgia ballots
- China's first homegrown polar icebreaker Xuelong 2 arrives in Hong Kong
- UN maritime tribunal says countries are legally required to reduce greenhouse gas pollution
- Over 1.1M people in Gaza facing food insecurity: UN
- Exhibition unveils rare masterpiece by ancient Chinese artist
- Carbon budget management system to be set up at provincial, prefecture levels
- Tennessee latest state to mandate automatic defibrillators at high schools
- Vegas, US tour and more signings: Wrexham has plenty of fun and work ahead after latest promotion
- IAEA chief calls for maximum restraint over Zaporizhzhia attacks
- Boston Marathon: Wheelchair racers kick it off from Hopkinton
- Protesters against war in Gaza interrupt Blinken repeatedly in the Senate
- China's Heilongjiang launches JSQ freight train from Harbin to Europe
Random recommendation
- Copyright © 2024 Powered by Serie A champion Inter facing a nervous wait as deadline passes for loan repayment to Oaktree ,Global Grid news portal sitemap