Serie A champions FC Inter Milan have a new owner in the form of Oaktree

Oaktree Capital Management takes control of Inter Milan after Suning Holdings Group defaults on a €395 million loan.

The Serie A champions, FC Internazionale Milano have been acquired by Oaktree Capital Management, a global investment firm specialising in alternative investments.

This takeover was followed by Suning Holdings Group‘s default on a €395 million loan secured by its ownership stake in the club.

Suning acquired Inter Milan in 2016. The Chinese conglomerate ownership period coincided with a resurgence for the club. Inter secured two Serie A titles and reached the finals of major European tournaments (UEFA Champions League and UEFA Europa League) under Suning’s leadership. However, the club also faced substantial financial challenges during this time.

The loan, provided by Oaktree to Suning in 2021, included a clause allowing the investment firm to take control of Inter Milan if the loan remained unpaid. With Suning’s default, Oaktree exercised this right, acquiring ownership of the club.

Oaktree Managing Director, Alejandro Cano, said, “As the new ownership group, we understand the great responsibility towards the community and the historical legacy of Inter. Our initial focus is operational and financial stability. We have great respect for Inter Milan’s management team and look forward to working closely with them to provide strong leadership for the club.”

Founded in 1995 and headquartered in Los Angeles, Oaktree Capital Management is a major force in alternative investments. The firm manages a staggering $189 billion in assets (as of December 2023) and focuses on opportunistic, value-driven, and risk-controlled investment strategies across credit, private equity, real estate, and publicly traded stocks. Oaktree boasts a global presence with over 1,200 employees working across 23 offices worldwide.

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