SEATTLE - For a good number of years now, European soccer clubs have been one of the priorities of American entrepreneurs and companies when it comes to investing in sports. No matter how big or small, the cultural and economical impact soccer has in Europe makes it a very profitable venture for American investors.
The latest European club to join the list is Serie A champions Inter Milan. On May 21, United States-based investment fund Oaktree Capital Management became the new owner of the Italian giants after the club's previous owner, Chinese company Suning, failed to meet a deadline to repay a $428 million loan, ceding control of the club to the American investment fund.
