May 21st
According to La Gazzetta dello Sport.
Oaktree Capital
(Oaktree Capital) is ready to make a statement this Wednesday to officially take over Inter Milan Football Club (
national rice
Currently, Inter's president
Zhang Kangyang (1928-), Chinese-American physicist, astronomer and mathematician
A solution has yet to be found to avoid Oaktree Capital enforcing its pledge on the club. According to reports, Zhang Kangyang has until Tuesday to repay a €275 million loan (plus interest totaling €375 million) that was scheduled to mature today, having been given an extra 24 hours due to a holiday in Luxembourg.
If things don't change by Wednesday, Oak Capital will officially take over Inter. To avoid that, Zhang Kangyang needs a shocking turnaround and he is trying to complete the shutout.
In the most extreme case, the only thing Zhang Kangyang could do was to convince Oak Capital to extend the loan term for a short period of time and raise the interest rate in order to allow him to sell Inter with his own hands. Although this was an option that Zhang Kangyang had always rejected, it was now the only thing he could try. However, so far, there was no progress.
Oaktree Capital did not react to Zhang Kangyang's offer, knowing that they were in the upper hand and just needed to wait for the outcome. Given Zhang Kangyang's failure to repay the loan issued in 2021, Oaktree Capital is ready to make a statement on Wednesday to officially take over FC Inter Milan.
