Oaktree Capital takes ownership of Inter Milan
May 27, 2024
Inter Milan have announced the change of ownership from Suning to Oaktree Capital. The club’s departing Chinese owners failed to repay their debt to the US-based investment company by Monday’s deadline.
Therefore, they relinquished their shares in the Italian club to Oaktree who are now in control.
The American fund had already announced the transfer a couple of days ago. The company’s officials even visited the club’s headquarters and held talks with Inter CEOs Beppe Marotta and Alessandro Antonello.
Oaktree in a statement said: “Today marks a new chapter in the partnership between Inter and Oaktree. As we assume ownership, we want to reiterate our commitment to the Club’s prosperity and success.
Since 2021, we’ve been supportive partners of Inter, valuing its legacy, history and the unwavering spirit of its players and fans. Your passion and loyalty are the heartbeat of the Nerazzurri’s enduring success.
We are proud our financing helped support the Club’s successes over the past three years and look forward to working closely with the current management team to build on the momentum of the historic second star. For this reason, we are focused on ensuring operational and financial stability to help deliver consistent success to the Club on and off the pitch.”