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May 22, 2024 · MILAN (AP) — American fund Oaktree officially became the new owner of Serie A champion Inter Milan on Wednesday, bringing an end to Suning and Steven Zhang’s eight years at the helm. Oaktree took charge after Suning failed to meet Tuesday’s deadline of repaying a debt of nearly 400 million euros ($434 million).
May 22, 2024 · Suning acquired Inter in 2016 and started a big revolution at the club that brought players such as Romelu Lukaku (Suning's most expensive signing), Lautaro Martinez and the...
- Francesco Porzio
May 22, 2024 · Chinese conglomerate Suning bought 70% of the team in 2016 in a deal that valued Inter at roughly $400 million. Suning took a €275 million ($297 million) loan from Oaktree during the COVID-19...
May 22, 2024 · Inter Milan have been taken over by US investment fund Oaktree after the Serie A champions' Chinese owners Suning missed a 395 million euro (£336.5m) debt repayment deadline.
May 22, 2024 · Suning bought a majority stake in Inter in 2016 and received a €275mn emergency bridge loan from Oaktree in 2021, secured against the stake. The club’s finances had been ravaged by the pandemic...
- Harriet Agnew
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...
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May 21, 2024 · Suning will recover only part of their €800 million investment in Inter Milan following the takeover of the club by Oaktree Capital. This is highlighted in today’s print edition of Rome-based newspaper La Repubblica, via FCInterNews.
