US-based investment firm Oaktree Capital Management has taken ownership of Serie A champions Inter Milan. This follows a default on a €395 million ($428 million) loan by the club’s Chinese owner, Suning. The loan, initially secured to finance the club during the Covid-19 pandemic, could not be repaid. This has prompted Oaktree to assume control. Oaktree, managing $192 billion in assets, expressed its commitment to Inter Milan’s future. They stated, “We understand the great responsibility towards the community and the historical legacy of Inter. We are committed to the long-term success of the Nerazzurri.”
Suning Loses Inter Ownership
Suning acquired a majority stake in Inter Milan in 2016, under which the club enjoyed significant success. They Secured two Serie A titles, a Coppa Italia, and three Italian Supercups. Additionally, the team made notable appearances in the finals of both the Champions League and the Europa League. Former Inter president Steven Zhang detailed the efforts made to avoid the ownership transition. He stated, “We have been making every attempt with our partner to find an amicable resolution. Unfortunately, our efforts have been exasperated by legal threats and a lack of meaningful engagement from Oaktree.”
A New Era For Oaktree and Inter
The transition to Oaktree’s ownership signals a new era for Inter Milan. The firm is focusing on financial stability and long-term success. Fans and stakeholders will closely watch how Oaktree steers the club. through this critical juncture, hoping for continued success on and off the field. This ownership change marks a significant shift for the historic football club. Oaktree’s plans and strategies will shape Inter Milan’s future in the coming years
