/ricerca/ansaen/search.shtml?any=
Show less

Se hai scelto di non accettare i cookie di profilazione e tracciamento, puoi aderire all’abbonamento "Consentless" a un costo molto accessibile, oppure scegliere un altro abbonamento per accedere ad ANSA.it.

Ti invitiamo a leggere le Condizioni Generali di Servizio, la Cookie Policy e l'Informativa Privacy.

Puoi leggere tutti i titoli di ANSA.it
e 10 contenuti ogni 30 giorni
a €16,99/anno

  • Servizio equivalente a quello accessibile prestando il consenso ai cookie di profilazione pubblicitaria e tracciamento
  • Durata annuale (senza rinnovo automatico)
  • Un pop-up ti avvertirà che hai raggiunto i contenuti consentiti in 30 giorni (potrai continuare a vedere tutti i titoli del sito, ma per aprire altri contenuti dovrai attendere il successivo periodo di 30 giorni)
  • Pubblicità presente ma non profilata o gestibile mediante il pannello delle preferenze
  • Iscrizione alle Newsletter tematiche curate dalle redazioni ANSA.


Per accedere senza limiti a tutti i contenuti di ANSA.it

Scegli il piano di abbonamento più adatto alle tue esigenze.

Soccer: US fund Oaktree takes over ownership of Inter

Soccer: US fund Oaktree takes over ownership of Inter

Serie A champs change hands after Suning fails to pay debt

ROME, 22 May 2024, 12:01

ANSA English Desk

ANSACheck

- ALL RIGHTS RESERVED

United States fund Oaktree announced on Wednesday that it is the new owner of Serie A champions Inter after the previous owners, China's Suning, failed to pay off a 395-million-euro debt by Tuesday's deadline for repayment.
    Suning had borrowed 275 million euros three years ago from Oaktree at an interest rate of over 12% after the club's finances were badly hit by the impact of the Covid-19 pandemic.
    "As of 22 May 2024, funds managed by Oaktree Capital Management, LP are owners of FC Internazionale Milano," Oaktree said in a statement.
    "This follows the non-repayment of the three-year loan granted by Oaktree to Inter's holding companies, which expired on 21 May 2024 with a total balance of approximately €395 million.
    "Oaktree is dedicated to achieving the best outcome for Inter's long-term prosperity, with an initial focus on the operational and financial stability of the Club and its stakeholders." The uncertainty about the debt repayment and the ownership of the club had cast a cloud over Sunday's celebrations for Inter winning this season's Serie A title, the 20th of the teams history, bringing the right to wear a second star on their shirts, during their last home game of the campaign, a 1-1 draw with Lazio.
    At the weekend, Inter's outgoing Chairman Steven Zhang, the son of Suning's founder Zhang Jindong, had complained that Oaktree was not cooperating with efforts to find an agreement to refinance the debt.
    "During the approach of the pending Oaktree facility redemption date, we have been making every attempt with our partner to find an amicable resolution, including multiple paths for Oaktree to achieve full and immediate financial return," Zhang said in a statement on Inter's website.
    "Unfortunately, our efforts to date have been exasperated by legal threats, and a lack of meaningful engagement from Oaktree.
    "Not only has this been deeply frustrating and disappointing, such behavior now poses potential risks to the Club that could seriously jeopardize its stability".
    During Suning's eight years as owner, Inter won seven titles, including two Serie A crowns, and reached two European finals, including the final of last year's Champions League.
   

ALL RIGHTS RESERVED © Copyright ANSA

Not to be missed

Share

Or use

ANSA Corporate

If it is news,
it is an ANSA.

We have been collecting, publishing and distributing journalistic information since 1945 with offices in Italy and around the world. Learn more about our services.