Inter Milan Owner Secures Loan from Oaktree
Inter Milan, one of the most successful football clubs in Italy, has recently secured a loan from Oaktree Capital Management LP to help support the club. The loan, worth €195 million, was secured by Inter Milan’s owner, Suning Group, and will be used to help the club with its financial obligations.
Background of Inter Milan
Inter Milan, or Internazionale Milano, is an Italian professional football club based in Milan, Italy. Founded in 1908, Inter Milan is one of the most successful clubs in Italy, having won 18 Serie A titles, 7 Coppa Italia titles, and 3 UEFA Champions League titles. The club is also one of the most popular in Italy, with an estimated fan base of over 40 million people.
Suning Group’s Acquisition of Inter Milan
In 2016, Suning Group, a Chinese retail conglomerate, acquired a majority stake in Inter Milan. Suning Group purchased a 68.55% stake in the club for a reported €270 million. The acquisition was seen as a major move for Suning Group, as it was their first foray into European football.
Oaktree Capital Management LP
Oaktree Capital Management LP is an American investment management firm based in Los Angeles, California. Founded in 1995, Oaktree is one of the largest alternative investment management firms in the world, with over $120 billion in assets under management. The firm specializes in distressed debt, private equity, and real estate investments.
Inter Milan’s Loan from Oaktree
In October 2023, Suning Group secured a loan from Oaktree Capital Management LP to help support Inter Milan. The loan, worth €195 million, will be used to help the club with its financial obligations. The loan is expected to be repaid over the next three years.
Reaction to the Loan
The loan has been met with mixed reactions from fans and analysts alike. Some have praised the move, citing the need for financial stability at the club. Others have criticized the move, arguing that the loan could put the club in a precarious financial position.
Impact of the Loan
The loan from Oaktree is expected to have a positive impact on Inter Milan. The loan will provide the club with much-needed financial stability, allowing them to focus on their on-field performance. Additionally, the loan could help the club attract new investors and sponsors, which could help the club become even more successful.
Future of Inter Milan
The loan from Oaktree is expected to help Inter Milan become a more successful club. With the financial stability provided by the loan, the club can focus on improving their on-field performance and attracting new investors and sponsors. If all goes according to plan, Inter Milan could become one of the most successful clubs in Italy.