What started as a rumor is now official. The Inter of Milan has a new owner. Last Tuesday at 5:00 p.m. the deadline for Steven Zhang, president of Inter, expired. had to repay Oaktree, a US lender, a loan worth 395 million. After not returning it, the fund managed by Oaktree Capital Management becomes the new owner of the entity.
This was announced by the American property through a statement: “As of May 22, 2024, funds managed by Oaktree Capital Management, LP (“Oaktree”) own FC Internazionale Milano. This is due to the failure to repay the three-year loan granted by Oaktree to Inter Holdings, which expired on May 22, 2024.”
In this way, the reign of Steve Zhang ends, the youngest president in the history of the Nerazzurri club. The one from Nanjing assumed the position of president in 2018 at only 26 years old and said goodbye six years later with 7 trophies and 2 European finals, one in the Champions League and another in the Europa League.
Inter joins a long list of Italian teams with an American presence: Milan (RedBird fund), Roma (Dan Friedkin), Atalanta (55% by Stephen Pagliuca), Fiorentina (Rocco Commisso), Genoa (777Partners) and Parma (Krause Group).
“Our goal is stability”
Alejandro Cano, CEO and European co-head of Oaktree’s Global Opportunities strategy, says he is aware of the responsibility the organization has in owning such an important club: “As new owners, We know our great responsibility to the fans and with the historical legacy of Inter. We are committed to the long-term success of the Nerazzurri and believe that our ambitions for the club join those of its passionate fans in Italy and around the world. Our initial objective is operational stability and financial of the club. We have great respect for the Inter management team and we hope to work closely together,” states Cano.
2024-05-22 10:34:37
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