Inter with American owners after a missed payment

USA-based investment fund Oaktree Capital Management shared today it has become the new owner of Serie A champions Inter Milan after a missed almost 430 million dollar payment from the team’s Chinese holding company, Suning.

Granted 3 years ago, the loan was guaranteed by the firm’s stake in Inter. Because of that, Oaktree had the potential right to take control of the team in the event of a default.

“Our main focus is operational and financial stability. We are huge admirers of Inter Milan’s management team,” Oaktree managing director Alejandro Cano revealed.

Inter becomes the 7^th Serie A team under U.S. owners. AC Milan, Atalanta, Fiorentina, Roma, Genoa, and newly promoted Parma are all owned by United States-based owners.

Founded in 1908, Inter are among the most popular teams in the world and especially in Italy, as they have triumphed with Serie A 20 times, and at the moment one of the biggest stars in the world like Lautaro Martínez and Nicolò Barella play for them.

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⚫️🔵 Inter are now officially owned by American fund Oaktree.

Oaktree Capital has taken control of the club after Suning Group's €368m loan was not returned, no agreement reached. pic.twitter.com/UXSp9oPXjm

— Fabrizio Romano (@FabrizioRomano) May 22, 2024