Inter Milan's Ownership Crisis: Oaktree Capital Takes Control

1 min read
Source: The New York Times
Inter Milan's Ownership Crisis: Oaktree Capital Takes Control
Photo: The New York Times
TL;DR Summary

After Inter Milan's president, Steven Zhang, lost control of the club due to financial troubles, Oaktree, a U.S. asset management firm, took over ownership. Zhang's family business, Suning, had been struggling financially, leading to a €395 million debt owed to Oaktree. The new owners are committed to the long-term success of the club and plan to work closely with the existing management team to ensure operational and financial stability. Inter Milan's value and financial situation present significant challenges for the new owners, but they aim to build on the club's recent success and develop a clear path for consistent growth and success.

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