Inter Milan seized by US fund after Chinese owner defaults on debt
Storied Italian club won Serie A last season
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Storied Italian club won Serie A last season
The fund has taken control of the club after conglomerate Suning Holding Group failed to repay $428 million.
Oaktree Capital has scuppered a plan to restructure Evergrande’s offshore debts by seizing a residential plot in Hong Kong's Tuen Mun area.
Oaktree backs Rooney Anand’s £500m swoop on Britain’s pubs Former Greene King chief's new venture aims to capitalise on pent-up demand from drinkers when Covid restrictions are eased Former Greene King chief executive Rooney Anand One of the world’s biggest investment firms is backing former Greene King boss Rooney Anand’s £500m swoop on Britain's beleaguered pub sector. Los Angeles-based Oaktree, famed for founder Howard Marks’ monthly investment memos with a near-$150bn (£110bn) portfolio, is providing the financial firepower behind RedCat Pub Company, The Telegraph can re...
Dallas hotel operator Ashford Hospitality gets $200 million lifeline to ‘navigate the pandemic’ The three-year loan comes from entities controlled by credit investor Oaktree Capital Management. Ashford Hospitality Trust has 103 properties, including the W and the Ritz-Carlton in Atlanta.(Ashford Hospitality) Dallas-based Ashford Hospitality Trust Inc., the firm founded by Monty Bennett that owns 103 high-end hotels, is getting a $200 million lifeline to “navigate the pandemic” while it awaits an anticipated vaccine-driven recovery in the travel industry. The company announced Monday t...