Inter Milan ownership officially changed as Suning Group failed to return loan

Inter Milan are the champions of Serie A for the 20th time as they won the league back in April when they defeated AC Milan 2-1 on matchday 33. The Nerazzurri performed amazingly in the season as they have lost just two games with one game in hand, which they might win and finish the campaign high on confidence. They have one of the most underrated teams in the European circuit, having qualified for the UEFA Champions League final under Simone Inzaghi. 

However, tension arises as the ownership of the club has been officially handed over to Oaktree Capital, as the American fund has taken control of the club after Suning Group's €368m loan was not returned on time. They were previously in a difficult situation ownership-wise after their Pimco loan. The Suning Group was not being able to return the loan they had taken from Oaktree. 

On Tuesday, Inter's directors left the club headquarters almost showing a clear sign that a change of ownership was on the cards for the club ahead of the next season. The Inter owners did not have enough funds necessary to pay back their debt to the US company and thus lost control over the club. 

Oaktree director hopeful to provide success to Inter

Under Suning group the club have performed excellently winning twice in the time of their control over the club, they played beautifully in the European circuit. After the takeover, the American company's director Alejandro Cano said in a statement: "As the new ownership group, we understand the great responsibility towards the community and the historical legacy of Inter." 

The new owners are hoping for the betterment of the club and eyeing for a long-term success of the Black and Blues. With the next season set to start in almost around 90 days, the main focus is on the team building and the operational and financial stability of the club. They have a huge respect for the management of the Serie A champions and looking forward to working closely with the same.