Californian fund Oaktree Capital are expected to become shareholders at Inter, with the confirmation of two representatives of the fund as directors expected in a meeting on July 8.
This according to today’s print edition of Turin-based newspaper Tuttosport, who report that the fund will become shareholders in the Nerazzurri initially at 31.o5%.
Oaktree recently provided a €275 million loan to the club to help owners Suning stabilize the financial situation at the club with the payment of outstanding wages and servicing of debts held among the priorities.
It is thought that with the confirmation of Oaktree representatives as directors, the fund will take on shares as well as a role in decision-making at the Nerazzurri.
One of the key bylaws at the club expected to be revised during July 8’s Board meeting is one which provides for an obligation of those who buy shares to adhere to a previous agreement between Suning and Lion Rock Capital.
Furthermore, the entry of two new directors is expected, with Carlo Marchetti expected to come in as an Oaktree representative in place of Lion Rock representative Tom Pitts.
This move points towards a transition for Oaktree from a role as purely financial backers to one in which the fund will have significant decision-making power at Inter.
