American fund Oaktree takes over Serie A champion Inter after previous owners failed to repay loan
Associated PressMILAN — 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. This follows the failure to repay the three-year loan granted by Oaktree to Inter’s holding company, having expired May 22, 2024 with an overall balance of approximately 395 million euros,” Oaktree said in a statement sent to The Associated Press and other news outlets. We have great respect for Inter Milan’s management team and look forward to working closely with them to provide strong leadership for the club.” In 2018, Milan was taken over by American fund Elliott Management after previous owner Li Yonghong missed the deadline to repay part of a loan. Inter went on to win two Italian Cup trophies and three Italian Super Cups as well as earning its 20th Serie A title this season — and a coveted second star on its jersey.
History of this topic
Inter under new management as Suning defaults
China Daily
How Steven Zhang lost control of Inter Milan – and what happens next
New York Times)
Premier League: Inter Milan's Romelu Lukaku on verge of big money move to Chelsea, say reports
Firstpost)
Serie A: Antonio Conte parts ways with Inter Milan by 'mutual consent' after guiding club to first league title in 11 years
Firstpost)
Serie A: Antonio Conte’s Inter Milan future in doubt after reported fallout with Chinese owners
Firstpost
Serie A winner Inter secures $336M finance deal with Oaktree
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