FC Inter Milan: "Ensuring the club's operational and financial stability" (Oaktree)

"We are proud our financing helped support the FC Inter Milan's (Serie A TIM) 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," announced the American investment fund Oaktree Capital Management in a letter addressed to the Italian club's fans on 27/05/2024.

Oaktree Capital Management, L.P became the owner of Inter Milan on 22/05/2024 following the non-repayment of the loan granted to the club's majority shareholder, the Chinese Suning group (68.55% of the capital). The fund had granted a loan of €275m to Great Horizon Sarl, the Luxembourg-registered entity through which the Suning group operated the Italian club, on 20/05/2021. The loan, the outstanding balance of which is around €395m, was due to mature on 21/05/2024.

"Today marks a new chapter in the partnership between Inter and Oaktree. As we assume ownership, we want to…