Ahmad 
The American investment fund “Octry Capital” has announced its acquisition of the Italian club Inter Milan, after the Chinese group “Suning,” the club’s owner, failed to repay debts to the fund amounting to 395 million euros.
The American fund issued a statement saying: “As of May 22, 2024, funds managed by Octry Capital have taken over Internazionale Milano Football Club.”
The statement clarified that the acquisition came after “the failure to repay the loan over three years granted by Octry to Inter’s holding companies, which ended on May 21, 2024, with a total balance of about 395 million euros.”
It further added that the company “is committed to achieving the best results for the long-term success and prosperity of Inter Milan, with a primary focus on the operational and financial stability of the club and its stakeholders.”
The Chinese company had borrowed 275 million euros from Octry at an interest rate of 12% three years ago to pay the salaries of the coaching staff and players during the COVID-19 pandemic period that affected European clubs, with a guarantee of its share in the Italian club, but it failed to repay.
It’s mentioned that the decision for the new acquisition came just three days after the Italian giant officially secured its twentieth league title in its history.
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