Representatives of US fund Oaktree Capital are set to join the Board of Directors of Inter with the fund having given a large loan to Nerazzurri owners Suning to help stabilize the club’s finances.
This according to today’s print edition of Turin-based newspaper Tuttosport, who report that the process to bring the representatives on board will take place at the next meeting of shareholders on July 8.
Suning recently brought in a loan of €275 million from Oaktree, with the capital helping to increase liquidity as the club have looked to improve their financial situation, including by paying outstanding wages and servicing debts held by the Nerazzurri.
There has been some question about what role that US fund would play in the Nerazzurri’s operations, but the entry of two representatives into the club’s Board of Directors suggests that they will have some involvement in decision-making going forward.
The Board is expected to convene on July 8 via a video link, with approval of changes to the club bylaws and the formalizing of the entry of the Oaktree representatives to be on the agenda.
