In the future, a US company will have the say in the Inter administration building. © ANSA / Daniel Dal Zennaro

Fix: Inter now in American hands

The US investment company Oaktree is the new owner of the Italian champions Inter.

22 Maj 2024

From: dpa

Oaktree Capital Management will take over ownership effective Wednesday after the previous owner was unable to meet the deadline for repaying debts amounting to almost 400 million euros, as several media outlets consistently reported. Oaktree granted the Chinese company Suning a loan with interest three years ago.

Inter ran into financial difficulties in 2021 as a result of the corona pandemic: record financial losses were forecast for the 2020/21 season, so Oaktree made rescue capital available to the holding companies. This was intended to stabilize the club's situation and enable business operations to continue. In the event of a default, Oaktree reportedly has the right to take control of the club. By Tuesday, the repayment of the debt had been agreed.

It was unclear whether Oaktree would seek a sale. However, managing director Alejandro Cano emphasized that ownership is focused on the long-term future. “As new owners, we are aware of our responsibility to the community, history and heritage of Inter,” he said in a statement.