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 10:13:24 source:Global Gathering 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
  • Germany and Real Madrid great Toni Kroos to retire after Euro 2024
  • Hundreds of hostages, mostly women and children, are rescued from Boko Haram extremists in Nigeria
  • Tennessee latest state to mandate automatic defibrillators at high schools
  • Adela Cernousek of Texas A&M wins NCAA individual golf title for first collegiate win
  • Syrian first lady Asma Assad diagnosed with leukemia, president's office says
  • Police raid the headquarters of the Milan
  • Austrian leader lauds UK's efforts on migration and cites its plan for deportations to Rwanda
  • Andretti Global makes key engineering hire in bid to earn a spot in Formula 1
Recommended content
  • Turkish Airlines resumes flights to Afghanistan nearly 3 years after the Taliban captured Kabul
  • Testimony at Sen. Bob Menendez's bribery trial focuses on his wife's New Jersey home
  • It's so hot in Mexico that howler monkeys are falling dead from the trees
  • Scheffler back to work at Colonial and Stricker returns to Senior PGA in Michigan
  • New York's high court upholds requiring insurance to cover medically necessary abortions
  • Austrian leader lauds UK's efforts on migration and cites its plan for deportations to Rwanda