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 were taken over by US fund Oaktree on Wednesday after the Serie A champions outgoing owners Suning missed a deadline to repay a debt worth hundred of millions of euros. In a statement, Oaktree announced they had assumed control of Inter after the non-repayment of a t ..