The transitional phase is over for Oaktree Capital as Inter Milan, and now the club can begin its real business.
This according to today’s print edition of Rome-based newspaper Corriere dello Sport, via FCInterNews.
Oaktree officially became Inter owners a couple of weeks ago.
This occurred when the US-based fund repossessed the shares owned by former Nerazzurri owners Suning, following the latter’s default on a loan from the fund.
However, there was still more work for Oaktree to do before they really completed the takeover.
The last two weeks have seen representatives from the fund getting on the same page as Inter’s existing senior management.
The new owners have clarified their strategy. There have been numerous meetings to discuss plans, both on and off the pitch.
And yesterday, there was the key shareholders meeting. This saw Oaktree elect a new board of directors at Inter – and also name CEO of Sport Beppe Marotta as the new club President.
Transitional Phase Over For Oaktree Capital At Inter Milan
One consequence of the takeover of Inter by Oaktree has been that, for the past couple weeks, the Nerazzurri have only engaged in “ordinary” club management.
That means that the club has still operated as a business. But it has been unable to make any major decisions during the transitional period.
That means key matters such as contract extensions, sales, and signings. Important decisions off the pitch have been similarly impacted.
With the previous board of directors – a relic of Suning’s outgoing ownership – still in place, Inter have essentially been frozen in time while the handover was completed.
But now everything is in place. Oaktree have put their own executive structure in place.
That means that there is a full green light for Inter to begin more important work.
With the summer transfer window now kicking off, this means that it will soon be clear to see what Oaktree’s real plans for the Nerazzurri are.
