Inter Milan owners Oaktree held a pivotal Board of Directors meeting on June 4 to address the powers of the club’s CEO Beppe Marotta.
According to Calcio e Finanza, as reported by FCInterNews, Oaktree has granted Marotta more power regarding incoming deals. The same goes for his faithful associate Piero Ausilio.
Beppe Marotta was named the club’s president earlier in the summer. Many wondered what powers he would wield.
In fact, the senior club executive remains vital to all transfer dealings. Impressed with Marotta’s capabilities, Oaktree has confirmed his old powers under Suning.
That means he can still sanction wages of employees, players, consultants, and agents at figures up to €5 million gross per year without Oaktree’s approval.
However, Marotta will have to closely collaborate with the CEO of Business, Alessandro Antonello, for high-profile acquisitions.
Oaktree Confirm New Financial Powers Of Inter Milan CEO’s & Sporting Director
As revealed by the latest update, Marotta and Antonello must see eye-to-eye regarding transfers worth €20m or more, whether it’s incoming or outgoing deals.
On top of that, player and coach salaries exceeding the €10m mark would require Antonello’s signature. This without requiring Oaktree’s express approval.
Meanwhile, Marotta and Ausilio can operate on transfer dealings worth up to €10m.
Together they can also approve contracts for wages of coaches and players worth up to €5m gross per year without Oaktree’s express approval.
Marotta and Ausilio have formed the backbone of Inter’s success in recent years.
The duo’s business prowess has seen Inter Milan sign numerous top players without making substantial financial sacrifices. In fact, many signings have delivered huge profits.
Such as the signings of Achraf Hakimi, Romelu Lukaku and André Onana.
Seemingly content with the duo’s business models, Oaktree has untied their hands.
Inter could still make a few signings before the end of the transfer window.
