May 20, 2024 - According to La Gazzetta dello Sport, the
national rice
chairperson
Zhang Kangyang (1928-), Chinese-American physicist, astronomer and mathematician
Hasn't given up on financing, plans legal response after Tuesday
Oaktree Capital
Obstructed financing
: Zhang Kangyang released a fiery statement on May 18, accusing Oaktree Capital of unilateral legal threats and malicious actions that led to the financing setback.
Oaktree Capital's response
: Oaktree Capital chose not to respond to Zhang Kangyang's statement and instead waited for Inter's ownership to change hands.
Suning's denial
: Suning unofficially denied the issue was whether it would be able to repay the €380 million loan.
Share of proceeds clause
: The crux of the matter was a clause that allowed Oak Capital to receive 20% of the proceeds from the sale of Inter, but not 20% of the total, but the difference between the value at which Inter was determined and the actual sale price.
Warning Oaktree Capital
: In a statement, Zhang Kangyang issued a warning to Oak Capital, questioning whether they could manage Inter as well as they have.
Finding Solutions
: Zhang Kangyang still hopes to find a way by Tuesday, or else he will start a legal battle with Oaktree Capital.
legal channel
: If the problem can't be solved by Tuesday, Zhang Kangyang plans to respond to Oaktree Capital through legal channels, and said he had previously found a solution with Pimco to blame Oaktree Capital for the refinancing failure.
Zhang Kangyang showed a firm attitude and determination when facing the issue of Inter's ownership. His statement not only issued a warning to Oaktree Capital, but also showed his determination to defend his rights and interests through legal channels. Fans will be watching the development closely and expect Inter to maintain stability and strong performance in the process.
