Brookfield To Fully Acquire Oaktree For $3bn: No Impact On Inter Milan Ownership Or San Siro Deal

Alejandro Cano of North American company Oaktree Capital New Owners Of Inter Milan

MILAN, ITALY - MAY 22: (L-R) CEO Corporate FC Internazionale Alessandro Antonello, Oaktree's Global Opportunities strategy Managing Director Katherine Ralph, Managing Director and Co-Head of Europe for Oaktree's Global Opportunities strategy Alejandro Cano, CEO Sport FC Internazionale Giuseppe Marotta attend a meeting between FC Internazionale new owners Oaktree and Club's Management on May 22, 2024 in Milan, Italy. (Photo by Guido De Bortoli/Getty Images)

Corriere dello Sport has clarified details surrounding Brookfield’s acquisition of the remaining 26% of Oaktree, explaining that the deal has no effect on Inter Milan ownership or the ongoing San Siro operation.

The Canadian investment giant, which already owned a 74% stake in Oaktree, will purchase the remaining shares in early 2026 for approximately $3 billion, via FCInterNews, valuing Oaktree at $11.5 billion overall.

The move will make Brookfield the sole shareholder of Oaktree, which will remain an autonomous entity within the group, retaining its management structure and investment portfolio.

Oaktree’s co-CEOs, Robert O’Leary and Armen Panossian, will also take on the role of co-CEOs for Brookfield’s global credit division.

No Impact On San Siro & Inter Milan As Brookfield Purchase Oaktree

MILAN, ITALY – APRIL 23: General view outside the stadium prior to the coppa Italia Semi Final match between FC Internazionale and AC Milan at Stadio Giuseppe Meazza San Siro on April 23, 2025 in Milan, Italy. (Photo by Marco Luzzani/Getty Images)

Meanwhile Oaktree founders Howard Marks and Bruce Karsh will continue to sit on Brookfield’s board.

For Inter, the situation remains stable.

Following the transfer of ownership from Suning, Oaktree’s management team, including Katherine Ralph, Alejandro Cano, and Max Catanese, continues to oversee operations at the club.

As Corsport stresses, Brookfield’s acquisition is purely a corporate transaction unrelated to the San Siro sale, with no repercussions on Inter’s ownership or future project plans.

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