Oaktree Capital’s focus in football is fully on Inter Milan after completing the sale of French side Caen to Kylian Mbappe.
This according to today’s print edition of Milan-based newspaper Gazzetta dello Sport, via FCInterNews.
In May, US-based fund Oaktree took over Inter.
The fund had been lurking in the background for several years. Ever since they made a massive loan to former Nerazzurri owners Suning in the spring of 2021.
The terms of the loan were such that, were Suning to default, then control of Inter would pass into the hands of Oaktree.
And that is exactly what ended up happening.
Despite Suning’s efforts to find a solution to pay back the full amount they owed to Oaktree (including interest) they were unable to do so before the deadline in May.
Therefore, Oaktree have been Inter owners for the past few months.
Oaktree All-In On Inter After Caen Bought By Kylian Mbappe
Since taking over, Oaktree have gotten into their rhythm as Inter owners.
The US fund have named a new board of directors. They have also made veteran CEO Beppe Marotta Inter President to replace Steven Zhang.
This is the first summer transfer window for the Nerazzurri with Oaktree at the helm.
The US fund has put their own representatives Katherine Ralph and Alejandro Cano in key positions of influence at the club. That duo has worked closely with Inter’s existing decision-makers.
And in the meantime, Oaktree are also selling the other football club which they have had control over.
New Real Madrid forward Kylian Mbappe has decided to make a move to sign French Ligue 2 club Caen.
Through holding company Coalition Capital, the 25-year-old has purchased Caen. The fee for this deal was around €15 million.
Therefore, Oaktree’s focus in football is now all on the much larger operation that is running Inter.
