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Inter Milan's new United States owner, Oaktree, vowed on Monday to "ensure financial stability" at the Italian championship after predecessor Suning defaulted on a debt worth hundreds of millions of euros.
International Business News: Oaktree Capital Management takes ownership of Inter Milan after a missed 395 million euro payment from Suning, securing the club's future success on a
The upheaval within Italian soccer champions Inter Milan marks another chapter of mismanaged sporting ambition. US investment fund Oaktree Capital Management has said it took ownership of Inter after a missed 395 million euro ($428 million) payment from the club's Chinese majority shareholder Suning.
Inter Milan is now the seventh Serie A club under American ownership, joining AC Milan, Atalanta, Fiorentina, Roma, Genoa and Parma
US Fund Oaktree ‘Assumes Ownership’ Of Inter Milan