Not so long following their takeover, Oaktree Capital have left a positive mark on the finances of Inter Milan, notes a report in the Italian media.
The US-based investment company became the club’s majority owners following Suning’s default in May.
The Californian fund entrusted Beppe Marotta with the sports department, and even elected him as new club president.
On the other hand, Oaktree officials have been closely working on improving the club’s finances.
According to La Gazzetta dello Sport via FcInterNews, the new owners’ effect is already felt as proven by the latest balance sheet.
Yesterday, the board of directors approved the balance sheet for the previous campaign. This included reduced losses and increased incomes.
For the first time in a long time, the Nerazzurri are about to break even. After registering major losses in previous financial years, the deficit decreased to 36 million euros.
As the pink newspaper notes, this is merely the interest rate of the bonds that the club’s creditors own.
Revealed – How Oaktree Capital Boosted Inter Milan Finances
Hence, GdS describes these figures as “historic”. as they could pave the way for financial profits in the coming years.
As the source explains, Oaktree Capital played a pivotal role in the positive figures. For instance, the company made a capital increase worth 44 million euros.
Moreover, the new owners’ arrival has prompted a series of new agreements with various sponsors.
Therefore, Inter have registered record-breaking incomes worth 473 million euros. And yet, the report expects this figure to soar in the coming years.
The club might thus decide to invest the profits expected in the coming years either on the transfer on a new stadium.