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Published 30 days 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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