FC Inter Milan: Oaktree becomes owner of the club after Suning fails to repay loan

The US investment fund Oaktree Capital Management, L.P. has become the owner of FC Inter Milan (Serie A TIM) after the latter failed to repay the loan it had granted to the club's majority shareholder, Chinese group Suning (68.55% of the capital), it announced on 22/05/2024. The loan, the total balance of which represents approximately €395m, was due on 21/05/2024.

The fund had granted a loan of €275m to Great Horizon Sarl, the Luxembourg-registered entity through which the Suning group controlled the Italian club, on 20/05/2021. "In May 2021, with Inter Milan forecasting record financial losses during the 2020-21 season, Oaktree provided its holding companies with rescue capital to stabilise the club's financial situation and enable it to continue operating, including to pay its players and employees," explained the US fund.

"Oaktree is dedicated to achieving the best outcome for the long-term prosperity of Inter Milan, with an initial focus on operational and financial stability for the club and its stakeholders. Oaktree values the legacy of the club, the passion of the players…