May 20, 2024 - Today is the day of
national rice
chairperson
Zhang Kangyang (1928-), Chinese-American physicist, astronomer and mathematician
The deadline for the loan agreement with Oak Capital requires him to return €375 million with interest or lose control of FC Inter.
2021 Financing
: Zhang Kangyang raised €275 million from Oak Capital in 2021 to support Inter Milan's operations. The agreed repayment deadline is May 20, 2024, and Zhang Kangyang will need to repay a total of €375 million, including interest.
Pimco Fund Loan Talks Break Down
: According to Italian media reports, Zhang Kangyang previously attempted to secure a €420-430 million loan from the U.S.-based Pimco fund to retain a controlling stake in Inter, but negotiations on the loan agreement have broken down.
setback in financing
: Zhang Kangyang said he has been trying to reach a financing agreement, but the financing has been thwarted due to unilateral obstruction by Oaktree Capital.
Oaktree Capital takes over Inter
: If Zhang Kangyang fails to make his repayments on time, Oaktree Capital will take over Inter Milan and may seek to sell the club for the best possible price.
Zhang Kangyang's financing woes have cast a shadow over Inter Milan's future. If the repayment issue cannot be resolved, there could be a major change in the control of the club, affecting the long-term stability and development of the team. Fans and industry insiders will be watching the developments closely, hoping that Inter Milan will find a solution as soon as possible to maintain the team's competitiveness and stability.
