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4 months ago
24 ARTICLE AD
Steven Zhang’s Sunning era at Inter is officially over. The former president and owner of Inter did not repay the debt of 375 million euros to the American fund Oaktree within the set deadline, which thus becomes the new owner of the Nerazzurri club: “FC Internazionale is owned by Oaktree. Since May 22, 2024, funds managed by Oaktree Capital Management, LP (“Oaktree”) have owned FC Internazionale Milano (“Inter” or the “Club”). This follows the non-repayment of Oaktree’s three-year loan to Inter’s holding companies, which expired on May 21, 2024 with a total balance of around €395 million. Oaktree aims to achieve the best results for the long-term prosperity of Inter, with a primary focus on the operational and financial stability of the Club and its stakeholders. Oaktree has great respect for the history of Inter, the passion of the players, the loyalty of Inter supporters, he also has great esteem for the important role of the Club towards the city of Milan, Italy and the global sports community” is it written in the official press release.
Alejandro Cano, Managing Director and Co-Head of Europe for Oaktree’s Global Opportunities strategy, commented: “As the new owner, we know our great responsibility towards the community and the historical heritage of Inter. We are committed to the long-term success of the Nerazzurri and believe our ambitions for the Club align with those of its passionate supporters in Italy and around the world. Our initial objective is the operational and financial stability of the Club. We have great respect for the Inter management team and look forward to working closely with them to provide strong leadership to the Club.. Oaktree will have to pay Suning the difference between the market valuation of the club (we are talking about 850 million euros, debts included) and the amount of the unrepaid loan. The American fund will thus be able to take possession not only of 68% of the club’s shares in the hands of Suning, but also of the 31% held by Lionrock, an ally of the Chinese group.
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Manu Tournoux is a passionate and knowledgeable football enthusiast with a special focus on French football. Born and raised in France, Manu discovered his love for the beautiful game at a young age and developed a deep understanding of the ins and outs of "Le Championnat." His French roots and extensive experience in football journalism have made him an invaluable asset to the French Football Weekly team.
 
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