CNN —US-based investment firm Oaktree Capital Management said on Wednesday it has “assumed ownership” of recently crowned Serie A champion Inter Milan.
Inter’s Chinese owner, Suning, failed to repay a loan now worth €395 million ($428 million) that was taken out to help finance the club during the Covid pandemic.
In a statement, Oaktree said: “We understand the great responsibility towards the community and the historical legacy of Inter.
Mattia Ozbot/Inter/Getty ImagesAfter contacting Oaktree for comment on Zhang’s statement, the firm referred CNN to its press release.
“As new owners, we recognize our responsibility to Inter Milan’s community, history and legacy,” Oaktree’s Alejandro Cano said in a statement.
Persons:
Suning, Oaktree, “, Howard Marks, Steven Zhang, Mattia Ozbot, ” Oaktree’s Alejandro Cano
Organizations:
CNN, Oaktree Capital Management, Serie, Inter Milan, Inter, Club, Coppa Italia, Champions League, Europa League, Juventus
Locations:
Italy, Oaktree