MILAN (AP) — Just two days after celebrating its Serie A title win, Inter Milan and its fans face a nervous wait to see what will happen with the club.
Club owner Suning and Inter president Steven Zhang could lose control of the Nerazzurri if they fail to repay a debt of nearly 400 million euros ($434 million) to American investment fund Oaktree.
That sum stems from a loan — and interest — taken out three years ago, shortly after Inter won its last league title.
The deadline for repayment was at 5 p.m. local time (1500 GMT) and there was no word of the outcome several hours after that had passed.
Zhang has tried to extend the deadline for the loan repayment and come up with alternative solutions with Oaktree but without success.
“I can only guarantee that the club is very solid,” Inter CEO Giuseppe Marotta said on Sunday, amid a party atmosphere at San Siro as Inter was presented with its 20th league title.
How major US stock indexes fared Monday, 5/20/2024
In pics: 2023 China New Media Conference in Changsha
Oti Mabuse shares 'sad' update as Saturday Night Takeaway comes to an end after 22 years on screens
China sanctions former US lawmaker who supported Taiwan
BBC presenter confirms departure from 'life
Farmers harness science, technology to improve harvest
China's intelligently upgraded highways top 3,500 kilometers
At least 40 villagers shot dead in latest violence in Nigeria's conflict
World AI conference concludes in Shanghai with fruitful results
Juneteenth proclaimed state holiday again in Alabama, after bill to make it permanent falters
Chinese experts showcase new seed varieties, technology at Uganda agricultural exhibition