Oaktree poised to take control of Inter Milan as loan repayment deadline looms today
May 21 – Serie A champions Inter Milan could have a forced changed of ownership at the end of today if the club fails to repay a €270 million loan, plus interest, that was granted in 2021.
The loan was made by the US Oaktree investment fund for €275 million in 2021 with interest running at 12% per year. In total the Chinese owners, Suning Holdings Group, owe about €370 million.
Chairman Steven Zhang (pictured) has been trying to refinance the debt via American fund Pimco but in an open letter to fans says that Oaktree has been deliberately un-cooperative,
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