Serie A Powerhouse Inter Milan Could Soon Be Flying The American Flag?
Suning’s looming debt repayment to Oaktree Capital could spark a historic ownership shift for Serie A giants Inter Milan.
The Chinese owners of Inter Milan seek to repay their debt to OakTree Capital of approximately $400 million (298 million in principle plus interest) by May 2024.
As the team was provided as collateral to secure the taxing loan which carried at 12% interest rate, failing to repay will result in transfer of the team ownership.
Allegedly, Oaktree Capital Management declined to extend the repayment of $298 million to 2026 at a 16 % rate as proposed by Sunning.
OakTree Capital’s argument for the rejection is that the team value can decrease over time, making debt repayment even more difficult.
Serie A Powerhouse Inter Milan In American Hands?
The US is the largest stakeholder in Italian football. As 13 teams are owned by American Private Equity funds and family offices.
These are teams across Serie A, B, C and D. Among the most famous American owned Italian teams are AC Milan, Fiorentina, Roma.
The US are targeting Italian football teams as they see large lucrative opportunities across the entire…
