US investment firm seizes control of Inter after missed payment from Chinese owners

Suning’s loan was guaranteed by stake in Italian clubInter become seventh Serie A club with US ownersUnited States-based investment fund Oaktree Capital Management said on Wednesday it has become the new owner of Serie A champions Inter after a missed $428m (£336m) payment from the club’s Chinese holding company, Suning.Granted in 2021 to the Luxembourg-based vehicle through which Chinese conglomerate Suning controlled Inter, the loan was guaranteed by the firm’s stake in