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Published 2 months ago

American fund Oaktree takes over Series A champ Inter after previous owners failed to repay loan

Summary by Washington Top News
MILAN (AP) — American fund Oaktree officially became the new owner of Serie A champion Inter Milan on Wednesday, bringing an end to Suning and Steven Zhang’s eight years at the helm. Oaktree took charge after Suning failed to meet Tuesday’s deadline of repaying a debt of nearly 400 million euros ($434 million). That sum stems from a loan — and interest — taken out three years ago, shortly after Inter won its previous league title but also knew i…

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The HinduThe Hindu

Oaktree takes ownership of Inter Milan after missed payment

Granted in 2021 to the Luxembourg-based vehicle through which Chinese conglomerate Suning controls Inter, the loan was guaranteed by the firm’s stake in Inter Milan.

2 months ago·India
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Associated Press NewsAssociated Press News

American fund Oaktree takes over Serie A champion Inter after previous owners failed to repay loan

American fund Oaktree has officially become the new owner of Serie A champion Inter Milan. It brings an end to Suning and Steven Zhang’s eight years at the helm.

2 months ago·United States
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The Star Kuala LumpurThe Star Kuala Lumpur

Oaktree claims ownership of Inter Milan after missed payment

MILAN (Reuters) -U.S. investment fund Oaktree Capital Management said it had taken ownership of Italian soccer champions Inter Milan after a missed 395 million euro ($428 million) payment from the club's Chinese majority shareholder. Read full story

2 months ago·Malaysia
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Channel News AsiaChannel News Asia

Oaktree takes ownership of Inter Milan after missed payment

MILAN : U.S. investment fund Oaktree Capital Management said it has become the new owner of Italian soccer champions Inter Milan after a missed 395 million euro payment from the club's holding company.Granted in 2021 to the Luxembourg-based vehicle through which Chinese conglomerate Suning controls Inter,

2 months ago·Singapore
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CBS SportsCBS Sports

Inter sale: What takeover by American fund Oaktree means for the Serie A champions

The sale comes as previous owners Steven Zhang and Suning Holding Group failed to repay debt by this week's deadline

2 months ago·United States
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Winnipeg Free PressWinnipeg Free Press

American fund Oaktree takes over Serie A champion Inter after previous owners failed to repay loan

MILAN (AP) — American fund Oaktree officially became the new owner of Serie A champion Inter Milan on Wednesday, bringing an end to Suning and Steven Zhang’s eight years at […]

2 months ago·Winnipeg, Canada
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Bias Distribution

  • 44% of the sources lean Left, 44% of the sources are Center
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