Serie A champion Inter facing a nervous wait as deadline looms for loan repayment to Oaktree

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Soccer News

Inter Milan,Sports - Europe,Serie A

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 on Tuesday if they fail to repay a debt of nearly 400 million euros ($434 million) to American investment fund Oaktree.

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 players celebrate 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.

Club owner Suning and Inter president Steven Zhang could lose control of the Nerazzurri on Tuesday if they fail to repay a debt of nearly 400 million euros 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.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 asIf — as expected — the deadline is not met, Oaktree will complete the acquisition of Inter in the next few days although it is unclear whether the American fund will keep the club long term or look for a buyer.

 

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