Inter Milan have now appointed Suning director Melody Yichang Xu as the newest member of the board of directors.
As we reported last month, the Chinese owners identified Yichang as a replacement for Suning vice-president Yang Yang who vacated his post at the club.
Today, Inter are holding their annual shareholders meeting. So according to Italian journalist Matteo Barzaghi via FcInter1908, the assembly has officially approved Yichang as the newest member of the board.
The Sky Sport journalist posted the news on his X account. He reveals that Yichang Xu also acts as the senior investment manager at Suning.
The Chinese company owns the majority of the club’s shares. Suning acquired the club in June 2016 and its directors control the club’s board.
This includes Inter president Steven Zhang who’s now celebrating five years at the club’s helm.
Inter Milan Shareholders Approves The Appointment Of Suning Director Yichang Xu As New Member Of The Board
Nevertheless, we shall see how the chairman and his collaborators will face the upcoming challenges for the club, especially from a financial standpoint.
The biggest dilemma for the owners remain the Oaktree loan. Suning must either repay it or refinance it before its deadline on the 20th of Match 2024.
Some sources claim the Chinese owners could entertain a sale that offers them an escape rope.
