Tag: Steven Zhang

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Suning Finalizes Sizeable Loan from Oaktree to Finance Inter

Inter Milan, Italian Football, Serie A, Serie A 2020-2021
Suning announced to have secured a €275M loan from the Oaktree Capital Management, a fund that handles assets for €122B, to support Inter. The money will technically come from Great Horizon, the Zhang holding that owns 68,55% of the club. The Chinese conglomerate will have three years to pay it back; otherwise, Oaktree will take over.
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Antonio Conte Likely to Stay at Inter as Summit with Ownership Looms

Inter Milan, Italian Football, Serie A, Serie A 2020-2021
Antonio Conte will soon meet Steven Zhang to discuss his future amid the uncertain economic situation of the club. While the decision will be final only after the summit, there is positive momentum towards the coach staying put. The gaffer is hell-bent on keeping Lukaku, Lautaro Martinez and Barella, but would accept other departures.
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Despite the tribulations over the years, the Zhang family is fully committed to Inter. They demonstrated it again by turning down an offer to sell the club.

Inter Players Poised to Refuse Collective Pay Cut Requested by the Club

Inter Milan, Italian Football, Serie A, Serie A 2020-2021
After cleaning up the confetti of the title celebration, Steven Zhang is trying to find solutions to the economic difficulties that are affecting Inter. The president asked the players and the staff to renounce two monthly salaries, but the squad is set to turn down the request. Antonio Conte did not attend the meeting and will discuss privately with the chairman.
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Despite the tribulations over the years, the Zhang family is fully committed to Inter. They demonstrated it again by turning down an offer to sell the club.

Inter President Steven Zhang Facing Big Challenges in Return to Italy

Calciomercato, Inter Milan, Italian Football, Serie A, Serie A 2020-2021, Transfer Market
Inter president Steven Zhang has landed in Milan yesterday after a seven-month absence caused by the COVID-19 traveling restrictions. He will have his hands full during his stay as he will try to provide some direction on multiple fronts, both financially and on the sporting side. The Chinese ownership plans to keep up their winning ways despite the uncertainty.
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