As of May 22, 2024, funds managed by Oaktree Capital Management have assumed ownership of FC Internazionale Milano (Inter Milan). This follows the non-repayment of Oaktree’s three-year loan to Inter Milan’s holding companies that matured on May 21, 2024 with a total balance due of approximately €395 million (approximately $428.2 million).
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.
“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,” Alejandro Cano, managing director and co-head of Europe for Oaktree’s global opportunities strategy, said. “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.”
