Inter’s Chinese owner, Suning, failed to repay a loan now worth €395 million that was taken out to help finance the club during the Covid pandemic. In a statement, Oaktree said: “We understand the great responsibility towards the community and the historical legacy of Inter. “We are committed to the long-term success of the Nerazzurri and believe that our ambitions for the Club match those of its passionate fans in Italy and around the world.
“During the approach of the pending Oaktree facility redemption date, we have been making every attempt with our partner to find an amicable resolution, including multiple paths for Oaktree to achieve full and immediate financial return,” former Inter president Steven Zhang said in a statement on Saturday. “Unfortunately, our efforts to date have been exasperated by legal threats, and a lack of meaningful engagement from Oaktree.