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Inter Milan Change Ownership As US Investment Firm Oaktree Takes Over

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Sofoluwe Mayowa

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May 8, 2023
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Inter Milan have changed ownership as US investment fund Oaktree steps in after the club’s Chinese owners Suning failed to make a significant debt repayment.

The Serie A champions find themselves under new leadership as Oaktree officially takes over following the expiration of a substantial loan that Chinese conglomerate Suning could not repay.

Three years ago, Suning borrowed 275 million euros at an interest rate of over 12 percent to cover expenses for staff and players during the financial turmoil caused by the COVID-19 pandemic in Europe, using their controlling stake in the club as collateral.

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