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 10:56:24 source:Stellar Spotlight 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
  • Pogacar extends Giro lead to over 7 minutes after winning altered Stage 16 amid protests at start
  • Maple Leafs star Auston Matthews to miss Game 6 of first
  • Midea reports 10% revenue increase in Q1
  • Iran reiterates commitment to IAEA cooperation
  • Emma Hayes' first roster as coach of the US women's team includes 2 first
  • Alabama lawmakers approve legislation to ensure President Biden is on the November ballot
  • Sickening moment father made his six
  • China's services trade reports rapid growth, travel services boom in Q1
Recommended content
  • Guardians ruin Francisco Lindor's Cleveland homecoming, trip Mets 3
  • Oklahoma teen Noah Presgrove's cause of death is revealed
  • Pennsylvania nurse who gave patients lethal or possibly lethal insulin doses gets life in prison
  • What defines a heartbeat? Judge hears arguments in South Carolina abortion case
  • Andretti Global makes key engineering hire in bid to earn a spot in Formula 1
  • Top Pakistan medical official resigns for mishandling fast bowler's elbow injury