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Invest 900 million to win 7 crowns! Zhang Kangyang successfully cleared his debts and wore 15 million watches + 3 tens of millions of luxury cars

Invest 900 million to win 7 crowns! Zhang Kangyang successfully cleared his debts and wore 15 million watches + 3 tens of millions of luxury cars

Chat about the ball in the middle of the mountain

2024-05-28 06:35Published in Fujian

The 2023/24 Serie A season came to an end, and Inter Milan finally won the league title, and at the celebration, Zhang Kangyang was not seen, because Zhang Kangyang had to give up control of Inter Milan after he was unable to repay the loan of 275 million euros. As the chairman of Inter Milan, Zhang Kangyang invested 900 million euros in 8 years in office, leading Inter Milan to win 7 important championship trophies, comparable to Moratti.

Invest 900 million to win 7 crowns! Zhang Kangyang successfully cleared his debts and wore 15 million watches + 3 tens of millions of luxury cars

As early as May 21, due to the failure of the refinancing, Zhang Kangyang was unable to repay the 275 million loan and more than 100 million euros in interest from the US fund Oaktree Capital, totaling 385 million euros. In July 2021, Suning signed an agreement with Oaktree Capital with an interest rate of up to 12%, and if it is not repaid when due, Oaktree Capital has the right to enforce the pledge of Inter Milan's shares, thus becoming the owner of Inter Milan.

Invest 900 million to win 7 crowns! Zhang Kangyang successfully cleared his debts and wore 15 million watches + 3 tens of millions of luxury cars

In fact, before the loan expired, Zhang Kangyang was still looking for new financing options everywhere to try to repay the loan from Oaktree Capital, but in the end it ended in failure, losing control of Inter Milan, and Inter Milan officially bid farewell to the Zhang Kangyang era. During Zhang Kangyang's tenure as president of Inter Milan, Inter Milan won the Serie A championship twice and reached the Champions League final, realizing the revival of Inter Milan.

Invest 900 million to win 7 crowns! Zhang Kangyang successfully cleared his debts and wore 15 million watches + 3 tens of millions of luxury cars

Let's take a look back at the honor roll of Inter Milan in the Suning era, with 2 Serie A titles, 3 Italian Super Cup titles and 2 Coppa Italia titles. Suning has invested heavily in Inter Milan, spending 92 million euros on the acquisition of Tohir's stake in 2016 and increasing its capital by 142 million euros. Shareholder loans totalled €336 million, Oaktree Capital loans totalled €275 million, and sponsorship investments totalled over €196 million, totalling nearly €900 million.

Invest 900 million to win 7 crowns! Zhang Kangyang successfully cleared his debts and wore 15 million watches + 3 tens of millions of luxury cars

Oaktree Capital took over Inter Milan, and under the initial loan agreement, Oaktree Capital was required to pay Suning the difference between the club's market valuation (Zhang Kangyang valued Inter at €850 million at the time of the 2021 loan) and the outstanding loan amount. Zhang Kangyang owes Oaktree Capital 375 million euros in principal and interest, plus 415 million euros in debt due in 2027, a total of 790 million euros, in fact, Zhang Kangyang can still earn about 60 million euros.

Invest 900 million to win 7 crowns! Zhang Kangyang successfully cleared his debts and wore 15 million watches + 3 tens of millions of luxury cars

For Zhang Kangyang, although he lost the control of Inter, his miraculous operation allowed him to successfully clear his name, not only became the master of Inter Milan's rejuvenation, let Inter Milan fans remember it for a lifetime, and successfully got rid of all debts, but also left the Meazza Stadium with a huge sum of money, so that fans can't help but have a new understanding of the operation of capital, and it turns out that they can escape debts in this way.

Invest 900 million to win 7 crowns! Zhang Kangyang successfully cleared his debts and wore 15 million watches + 3 tens of millions of luxury cars

Recently, the Italian media broke the news that Zhang Kangyang's daily life, with a luxury watch of 15 million US dollars and three luxury sports cars worth more than 8 million US dollars, although Zhang Kangyang showed off his wealth on social media, but the relevant finances were almost not directly held in his name, so Zhang Kangyang still escaped debt collection from China Construction Bank.

Invest 900 million to win 7 crowns! Zhang Kangyang successfully cleared his debts and wore 15 million watches + 3 tens of millions of luxury cars

For Inter Milan, Oaktree Capital does not intend to run the team after taking over the club, and Oaktree Capital is seeking a suitable offer to sell Inter Milan in order to maximize profits. Previously, a consortium from the Middle East and Finland's richest man were interested in buying Inter Milan, which was valued at around 1.2 billion euros at the time, and perhaps Inter Milan will finally usher in the ownership of the Middle East consortium, when Inter will get more funds to bring in reinforcements next season and achieve a real revival.

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  • Invest 900 million to win 7 crowns! Zhang Kangyang successfully cleared his debts and wore 15 million watches + 3 tens of millions of luxury cars
  • Invest 900 million to win 7 crowns! Zhang Kangyang successfully cleared his debts and wore 15 million watches + 3 tens of millions of luxury cars
  • Invest 900 million to win 7 crowns! Zhang Kangyang successfully cleared his debts and wore 15 million watches + 3 tens of millions of luxury cars
  • Invest 900 million to win 7 crowns! Zhang Kangyang successfully cleared his debts and wore 15 million watches + 3 tens of millions of luxury cars
  • Invest 900 million to win 7 crowns! Zhang Kangyang successfully cleared his debts and wore 15 million watches + 3 tens of millions of luxury cars
  • Invest 900 million to win 7 crowns! Zhang Kangyang successfully cleared his debts and wore 15 million watches + 3 tens of millions of luxury cars
  • Invest 900 million to win 7 crowns! Zhang Kangyang successfully cleared his debts and wore 15 million watches + 3 tens of millions of luxury cars

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