Oaktree Assumes Ownership of Inter Milan
22 Mayo 2024 - 4:42AM
Business Wire
As of 22 May 2024, funds managed by Oaktree Capital Management,
L.P. (“Oaktree”) have assumed ownership of FC Internazionale Milano
(“Inter Milan” or the “Club”). This follows the non-repayment of
Oaktree’s three-year loan to Inter Milan’s holding companies that
matured on 21 May 2024 with a total balance due of approximately
€395m.
In May 2021, with Inter Milan forecasting record financial
losses during the 20/21 season, Oaktree provided its holding
companies with rescue capital to stabilize the Club’s financial
situation and enable it to continue operating, including to pay its
players and employees. In the three years since Oaktree’s rescue
financing, Inter has lifted its eighth and ninth Coppa Italia,
secured its sixth, seventh, and eighth Supercoppa, earned its 20th
Scudetto title and historic second star, and reached the UEFA
Champions League final for the first time since 2010.
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, the loyalty of the Interisti, and the Club’s
significant role in Milan, Italy and the global sporting community.
Oaktree is committed to working closely with Inter Milan’s current
management team, partners, the league and governing bodies to
ensure the Club is positioned for success on and off the pitch;
focusing on robust management, operations and governance with a
vision for sustainable growth and success.
Alejandro Cano, Managing Director and Co-Head of
Europe for Oaktree’s Global Opportunities strategy:
“As new owners, we recognize our responsibility to Inter Milan’s
community, history and legacy. We are committed to the long-term
success of the Nerazzurri and believe our ambitions for the Club
are united with those of its passionate fans in Italy and around
the world. Our initial focus is operational and financial
stability. We have great respect for Inter Milan's management team
and look forward to working closely with them to provide strong
leadership for the Club. Winning the second star was a pivotal
moment for the Club and our aim is to build on the momentum
achieved on the pitch to develop a clear path for consistent growth
and success.”
Oaktree and Inter Milan’s management team will communicate with
key stakeholders in the coming weeks to ensure there is a smooth
transition.
About Oaktree
Oaktree is a leader among global investment managers
specializing in alternative investments, with $192 billion in
assets under management as of March 31, 2024. The firm emphasizes a
value-oriented and risk-controlled approach to investments in
credit, private equity, real assets and listed equities. The firm
has over 1,200 employees and offices in 23 cities worldwide. For
additional information, please visit Oaktree’s website at
http://www.oaktreecapital.com/.
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Media Inquires
FGS Global London - Rory King Milan - Claudio Albanese
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