Inter Milan’s value collapsed by 75 per cent before distressed debt investor Oaktree Capital seized control of the Italian football club from its Chinese owners last year.
Delayed accounts for 2022 show that Inter’s former owner, the Chinese retailer Suning, slashed the value of a 68.55 per cent stake from €586mn to €148mn as it struggled to keep hold of the club.
The accounts, filed in October by Los Angeles-based Oaktree on behalf of one of Inter’s holding companies, underscore the depth of the financial difficulties facing one of the world’s most famous clubs.
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