Oaktree Representatives In Milan As Suning Planning For Long-Term Ownership Of Inter, Italian Media Report

Oaktree Representatives In Milan As Suning Planning For Long-Term Ownership Of Inter, Italian Media Report
October 27, 2021 12:45
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Representatives of US fund Oaktree Capital have been in Milan visiting and observing the club, as they look to see how the club is being run after giving a substantial loan to owners Suning earlier in the year.

This according to today’s print edition of Milan-based newspaper Gazzetta dello Sport, who reports that the representatives are in Milan at the invitation of the club.

The directors from the London office of Oaktree are not in Milan for primarily business reasons, but have attended the Nerazzurri’s clash with Juventus at the San Siro over the weekend in addition to observing the training ground yesterday as the team prepared for this evening’s clash with Empoli.

So far, €80 million of the €275 loan to Suning from the fund has been invested by the owners into the Nerazzurri, while the rest is yet to be put into the club.

Nerazzurri President Steven Zhang is not currently in Milan but will attend tomorrow’s shareholders meeting where the club are expected to approve financial reports for the year which include €246 million losses.

The current owners remain committed to the club despite the financial difficulties that are ongoing, and they look to be aiming to continue working with Oaktree as they move forward with the intention of continued long-term ownership of Inter.

By Toni Weeler

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