Sports
Serie A Champions Under Threat Over Debt
Inter Milan could change hands days after being crowned Italian champions as yesterday’s deadline for a near 400 million-euro debt repayment reared into view.
Simone Inzaghi’s Inter team held aloft the Serie A trophy after Sunday’s meaningless 1-1 draw with Lazio having already secured the league title with five matches to spare last month.
But a planned weekend of celebrations was overshadowed by the prospect of one of Europe’s biggest clubs being taken over by US investment fund Oaktree, who are waiting on 395 million euros ($429 million) from Inter’s Chinese owners Suning.
Suning borrowed 275 million euros at over 12 percent interest three years ago to pay staff and players as the Covid-19 pandemic ravaged the finances of clubs across Europe.
Inter were put up as collateral against that debt and Oaktree could decide to claim control of the club when the debt matures, with a source familiar with the matter telling our source that Oaktree had not yet received a single euro.
Inter posted losses of 85 million euros in the 2022/23 season, following even heavier losses of 140 million euros and 245.6 million euros in the previous two seasons as stadiums were partially or fully closed due to the pandemic.
Last Saturday, Inter president Steven Zhang, the son of Suning founder Zhang Jindong, had claimed that Oaktree, who manage $192 billion in assets, were jeopardising the club’s financial stability with unspecified legal threats.
Zhang, who has not been to Italy over a year and lost a court case with China Construction Bank over personal debts of 320 million euros, claimed that Oaktree had been actively obstructing negotiations for full repayment.
He had been widely reported as negotiating a further 430 million euro loan with another US fund, Pimco, to pay off Oaktree.
But the source disclosed that no documents had been exchanged that suggest Suning had found either a credible buyer for Inter or a refinancing partner.
As a result, Inter are increasingly likely to end up in the hands of Oaktree in manner similar to the way another US fund, Elliott Management, took control of their local rivals AC Milan in 2018.
Elliott became Milan’s owners when Chinese businessman Li Yonghong was unable to repay a loan he had taken out when he bought the club from the late Silvio Berlusconi’s Fininvest the previous year.
An announcement was not expected on yesterday, but if repayment is not made and Oaktree decide to take control of Inter, the source said, the takeover process will not be lengthy.
Sports
Amusan places third in Diamond League opener
The Nigerian, who arrived in China fresh from winning gold at the African Senior Athletics Championships in Ghana earlier on Wednesday, clocked a season’s best of 12.41s behind Olympic champion Masai Russell and Bahamian star Devynne Charlton.
Russell produced a dominant display to win the race in a meeting record and world-leading time of 12.25s, improving on her previous world lead of 12.40s.
Charlton, the reigning world indoor champion, finished second in 12.38s in one of her strongest outdoor performances to date.
Amusan, whose world record of 12.12s remains the fastest time ever run in the event, improved significantly from her previous season’s best of 12.84s set during her victorious outing at the African Championships in Accra.
The 29-year-old was competing in a stacked field that included reigning world champion Ditaji Kambundji of Switzerland, Jamaican pair Megan Simmonds and Ackera Nugent, China’s Wu Yanni and Americans Tonea Marshall and Danielle Williams.
Kambundji, who won the world title in Tokyo last year with a Swiss record 12.24s, finished fifth in 12.82s, while Jamaica’s Nugent placed sixth in 12.98s.
Marshall and Williams failed to finish the race.
Following Amusan’s victory in Accra, the three-time Diamond League final winner expressed gratitude to her supporters while insisting she remained determined to achieve more success this season.
“Beyond grateful to God, my team, supporters, and everyone who continues to believe in me through every season. Historic feeling. Still hungry for more. The mission continues,”
Sports
Falcons To Tackle Senegal in Pre-WAFCON friendly
The 10-time African champions are scheduled to take on the Teranga Lionesses on June 5 and 8 at the Remo Stars Stadium in Ikenne, Ogun State, in what will form a key part of their build-up to July’s continental tournament.
The fixtures were confirmed on social media platform X by Super Falcons Show, which announced the details of the encounter and venue.
“Nigeria’s senior women’s national team, the Super Falcons, will take on Senegal Women’s National Team in a double-header international friendly scheduled for June 5 and 8,” the post read.
“Both matches will be played in Ikenne, Nigeria.”
The friendlies come after Nigeria’s proposed training tour of the United Kingdom, which included a planned match against Jamaica, was cancelled due to scheduling complications linked to FIFA’s official women’s international window. The timing meant clubs would not have been obliged to release players.
With that tour shelved, the Senegal fixtures now offer a timely opportunity for coach Justine Madugu and his technical team to assess squad options, test tactical systems and strengthen team cohesion ahead of the WAFCON campaign and longer-term qualification targets for the 2027 FIFA Women’s World Cup in Brazil.
Senegal are expected to provide a competitive regional test, with their physical style and disciplined organisation likely to offer Nigeria a different tactical challenge across both matches.
The Super Falcons, who have dominated African women’s football for decades, will be aiming to use the double-header to fine-tune preparations as they pursue another continental title in Morocco next year.
Sports
Okpekpe Road Race Unveils Partners, Appoints Dr. Bojuwoye
Dr Bojuwoye, a seasoned medical professional with extensive experience in road running events across Nigeria, is expected to bring added value to the race through his expertise.
As medical director, his responsibilities will include overseeing emergency medical response, coordinating first aid stations along the course, ensuring athlete safety, and supervising medical volunteers and paramedics.
His role is critical in safeguarding the health of both elite and recreational runners, as well as spectators.
In addition to unveiling its new medical director, the organisers also announced five corporate partners for the 2026 edition.
The Development Bank of Nigeria (DBN), Petralon Energy, Razzl Drink, Dan Oil, and Carloha Motors have joined as sponsors, reflecting the race’s growing appeal across diverse sectors of the Nigerian economy.
The Okpekpe race, organised by Pamodzi Sports Marketing Company, has steadily risen in prominence since becoming the first road race in Nigeria to earn World Athletics label status in 2015.
It has since advanced to Gold Label Race status, attracting elite athletes from around the world and cementing its reputation as one of Africa’s benchmark road-running competitions.
Edo State, under the leadership of Governor Monday Okpebolo, has reaffirmed its commitment to supporting the race, citing its role in promoting tourism, community pride, and international recognition for the region.
Race Director Zack Amodu noted that the new partnerships underscore the event’s stature and its impact beyond sport.
We are delighted to welcome DBN, Petralon, Razzl, and Carloha Motors as partners for the 11th edition. Their support, alongside the backing of Edo State, not only strengthens the race but also reinforces its role as a platform for promoting excellence, youth empowerment, and community development,’ Amodu said.
Beyond its sporting significance, the Okpekpe International 10km Road Race has become a catalyst for social, health, and economic benefits.
It encourages fitness and healthy lifestyles, fosters social cohesion by bringing communities together, and generates economic activity through tourism, hospitality, and local commerce.
The event also showcases Edo State’s cultural vibrancy while contributing to Nigeria’s growing reputation in global athletics.
The 11th edition is expected to draw elite athletes, local participants, and international attention, further consolidating Nigeria’s place on the global athletics calendar.
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