Inter Investors Oaktree Given Veto Power For Nerazzurri’s Transfer Business, Italian Media Claim

Inter Investors Oaktree Given Veto Power For Nerazzurri’s Transfer Business, Italian Media Claim
May 21, 2021 14:40
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Inter’s new investors Oaktree Capital have the power to influence the club’s transfer dealings, according to a report in the Italian media today.

Corriere dello Sport’s print edition revealed there were series of shareholders’ agreements in the €275 million deal agreed between Suning and the US-based private equity firm.

Oaktree Capital need a way of protecting their own investment, so they have been given a degree of control over the key decisions being made at Inter.

For instance, the Rome-based paper explained, their representatives will need to approve any player sale or signing which exceeds a certain value.

Suning have secured the deal from Oaktree Capital in a bid to shore up Inter’s finances in the short term, with the €275 million going towards covering costs for this season and next season.

If Inter’s owners can’t repay the loan (plus interest) within three years then they will lose control of the club, leaving Oaktree to take over the Nerazzurri.

This is a similar arrangement to the one that saw Elliott Management replace Yonghong Li as AC Milan owners in 2018.

By Will Beckman
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