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May 23, 2024 · Zhang Jindong was worth about US$6 billion when he bought almost 70 per cent of the club in 2016. His private company, Suning Holdings Group, lacked the name recognition of Jack Ma’s Alibaba ...
May 22, 2024 · Wed May 22 2024 - 16:03. Oaktree Capital Management took ownership of Inter Milan, after its Chinese owner defaulted on a loan. The US fund has taken control of the club as of Wednesday after...
May 22, 2024 · The US fund has taken control of the club as of Wednesday after conglomerate Suning Holding Group Co. failed to repay €395 million ($428 million), Oaktree said in an emailed statement. The...
May 22, 2024 · The U.S. fund has taken control of the team from the Chinese conglomerate Suning Holding Group Co. after Inter's holding companies "failed to repay €395 million ($428 million)," Oaktree...
May 15, 2024 · Inter’s owner Suning Holdings Group Co. and Pimco are struggling to reach an agreement on new funding to refinance a private placement bond of around €375 million ($407 million) before the...
5 days ago · On Wednesday, the U.S.-based asset management firm Oaktree Capital took over the Italian soccer club Inter Milan after its Chinese owner, Suning Holding Group, failed to repay a 395 million euro ...
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May 17, 2024 · Chinese retailer Suning Holdings, which has owned a majority stake in Inter Milan since 2016, needs to refinance a loan by Monday from Oaktree, one of the world’s biggest distressed debt...
