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

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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. Oaktree has taken over 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 taken out three years ago.

Inter’s Lautaro Martinez celebrates their victory of the “scudetto” after the Serie A soccer match between Inter and Lazio at the San Siro Stadium in Milan, Italy, Sunday, May 19, 2024. Inter’s Lautaro Martinez celebrates winning the Scudetto after Serie A soccer match between Inter and Lazio at the San Siro Stadium in Milan, Italy, Sunday, May 19, 2024.

That sum stems from a loan — and interest — taken out three years ago, shortly after Inter won its previous league title.

Source: Loan Digest (loandigest.net)

Inter Milan Sports - Europe Sports Serie A S

 

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