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 articles:
Related suggestion:
China to promote steady growth in consumption and foreign trade, and stabilize economic fundamentalsSpring scenery across ChinaFreight train sends antiXi Calls for More Innovations in Party's TheoriesHistoric monuments in Dengfeng, central ChinaXi Sends Congratulatory Letter to First HighAcross China: Coconut carvings shape villagers' prosperous livesXi Focus: Xi Calls for More Achievements in Party's Theoretical InnovationChina not to blame for pricesXi Congratulates Mirziyoyev on Election as Uzbek President
2.4064s , 6500.3125 kb
Copyright © 2024 Powered by Serie A champion Inter facing a nervous wait as deadline passes for loan repayment to Oaktree ,Culture Capsule news portal