The Court of Appeal in Milan has upheld the sentence delivered by courts in Hong Kong in 2022, which ruled that Inter owner Steven Zhang must repay loans of over €250m to China Construction Bank. 

According to reports from Corriere dello Sport, China Construction Bank issued loans of around €255m to Great Matrix Limited, a holding company controlled by Suning Holdings, who own a controlling stake in Inter. Zhang has been ordered to repay a sum close to €320m including interest. 

Zhang had already been ordered to repay the loans by courts in Hong Kong in 2022, but now the ruling is also enforceable in Italy, which makes a Zhang appearance in San Siro in the near future rather unlikely. 

Meanwhile, other reports suggest that Inter have been working to restructure a financing agreement with US-fund Oaktree Capital. 

If the parties are unable to come to an arrangement, Oaktree could potentially take control of Inter in the coming months as per reports earlier in the week.

One thought on “Inter: Italian courts uphold €250m loan repayment ruling – report”
  1. You won’t ever see Zhang again !And still Clubs sell themselves to non football , greedy investors /grifters!

Leave a Reply

Your email address will not be published. Required fields are marked *

Tickets Kit Collector