Reported 6 months ago
Oaktree Capital Management has taken ownership of Inter Milan, a prominent European football club, after its Chinese owner defaulted on a loan. The US fund seized control of the club after Suning Holding Group failed to repay €395 million, with plans to focus on operational and financial stability. Inter's new owners are expected to make changes to the club's board, potentially bringing in more Italian and European members. This move follows a trend of creditors taking over football clubs, as seen previously with AC Milan.
Source: YAHOO