You're right, but since we don't know how much the debt is, we can't draw any conclusions. We'll see how the issue evolves.
Clearly, if the debt bubble were to burst, I don't know what could happen, at every level obviously.
The team would certainly suffer and we would underperform.
Investment firm Oaktree Capital Management has taken ownership control of Inter Milan, one of the biggest brands in global soccer, after Inter’s owner, Suning, failed to repay a loan due this week with a balance of €395 million ($427 million based on current exchange rates).
“We recognize our responsibility to Inter Milan’s community, history and legacy,” Alejandro Cano, co-head of Europe for Oaktree’s Global Opportunities strategy, said in a statement Wednesday morning. “We are committed to the long-term success of the Nerazzurri and believe our ambitions for the club are united with those of its passionate fans in Italy and around the world. Our initial focus is operational and financial stability.”
Source link: https://www.sportico.com/leagues/soccer/2024/inter-milan-new-owner-debt-oaktree-1234779937/
I don't know if there is any update regarding this,