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On May 26th, International Milan Football Club Chairman Zhang Kangyang officially bid farewell in a post, marking the end of the "Suning Era" at Inter Milan.

She Qi Sun, May 26 2024 08:27 PM EST

Zhang Kangyang stated, "When I took on the role of club chairman, my goal was to lead Inter Milan back to the top. Over these eight years, we have won seven trophies together, reached the finals of European competitions twice, clinched the Serie A title twice, and our legendary second star witnessed our success." s_aee1c46605e34d5e8085a097c90c31fd.jpg In a lengthy article, he reviewed his career at Inter Milan and expressed gratitude to the management team, players, and fans.

Finally, Zhang Kangyang also expressed hope that future successors at Inter Milan would "respect its history, culture, and values." He said, "Being in charge of Inter Milan is both the highest honor and a significant responsibility. Those who cherish and care for Inter Milan will undoubtedly be rewarded with great achievements and joy. For me, this is the greatest honor of my life." s_bb28fea410b5499d86a0c4717d8fe399.png According to media reports, the American fund Oaktree Capital recently announced that it has taken over Inter Milan due to Inter Milan Holdings failing to repay the loan and interest.

As per the official announcement, the loan was due on May 21, 2024, with a total amount of approximately 395 million euros.

In May 2021, Inter Milan, owned by Suning Holdings, obtained a three-year loan from Oaktree Capital worth 275 million euros with an annual interest rate of 12%. s_a70c7a0e529c410e9e49695a695a5c8a.png A loan is secured by Inter Milan's equity. If Suning fails to repay the principal and interest on time, Oaktree Capital has the right to enforce the pledge of Inter Milan's equity, thereby becoming the club's owner.

Records show that on June 6, 2016, Suning announced the acquisition of Inter Milan Football Club.

In October 2018, 26-year-old Zhang Kangyang became the youngest chairman in the history of Inter Milan Football Club.