Sports

Inter Owner Nears New Loan to Retain Control of Team, Corriere Says

Inter Milan and Atletico Madrid during the UEFA Champions League last 16 second leg football match. — Inter Milan and Atletico Madrid during the UEFA Champions League last 16 second leg football match.
Photographer: Javier Soriano/AFP/Getty Images

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By Jerrold Colten

April 21, 2024 at 8:54 AM UTC

This article is for subscribers only.

Italian football club Inter Milan is negotiating a new loan that could be worth €400 million ($426 million) with the US fund Pimco, Corriere della Sera reported Sunday.

Chinese investor Steven Zhang, the club’s chairman, is looking to refinance an existing €275 million credit with Oaktree that comes due next month, according to the report. An agreement with Pimco would give the team’s owners a way to meet its financial obligations and retain control of Inter.