Member LoginMember Login - User registration - Setup as front page - Add to favorites - Sitemap Serie A champion Inter facing a nervous wait as deadline passes for loan repayment to Oaktree !

Serie A champion Inter facing a nervous wait as deadline passes for loan repayment to Oaktree

Time:2024-05-22 08:52:38 source:Universal Update 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.

Related information
  • The bodies of 4 men and 2 women were found strangled, piled up in Mexican resort of Acapulco
  • US regulators maintain fishing quota for valuable baby eels, even as Canada struggles with poaching
  • Want to spend the night in a Paris museum or a house owned by Prince? Airbnb plans to list them
  • Chahar and Brar lead Punjab to 7
  • Election 2024: Biden and the Democrats raised far less in April than Trump and the GOP
  • US job openings fall to 8.5 million in March, the lowest level in more than 3 years
  • Police stop knife attack in central Oslo after man stabs 1 person and threatens others
  • Chahar and Brar lead Punjab to 7
Recommended content
  • Andretti Global makes key engineering hire in bid to earn a spot in Formula 1
  • Democrats advance election bill in Pennsylvania long sought by counties to process ballots faster
  • US regulators maintain fishing quota for valuable baby eels, even as Canada struggles with poaching
  • Alabama committee advances ban on LGBTQ+ pride flags in classrooms
  • Germany far
  • Ross Stripling earns his first win since 2022 as Athletics blank Pirates 4