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:
Motorcyclist seriously injured after crash in AucklandUkraine aid worker Chris Parry died unlawfully alongside Andrew Bagshaw, inquest hearsChristchurch man jailed for 14 years over role in US porn videosJulian Assange too ill to attend as court hears of 'breathtaking' plot to poison himLower Hutt longLive updates: Hurricanes v Chiefs, Super Rugby Pacific round 8Homicide investigation launched after body found in HastingsWastewater testing reveals alcohol consumption higher in smaller townsCould the genocide case against Israel at the UN's top court have an impact on the war in Gaza?Scientists say one
2.6116s , 6495.8203125 kb
Copyright © 2024 Powered by Serie A champion Inter facing a nervous wait as deadline passes for loan repayment to Oaktree ,Global Gazetteer news portal