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Check out all the latest updates and reactions after Oaktree confirmed to have acquired Inter after ex-President Steven Zhang failed to repay a debt of nearly €400m.
American fund Oaktree confirmed to have taken control of Serie A champions Inter with an official statement on Wednesday morning.
The takeover was completed when the deadline for a loan’s term of nearly €400m, including interests, expired on May 21.
Oaktree takes control of Inter: What happens now?
Oaktree’s official statement confirms that current directors, including Beppe Marotta and Alessandro Antonello, will retain their roles and will be running the club during the transition.
It also suggests that Oaktree are not immediately looking for buyers, as the fund said it is “dedicated to achieving the best outcome for long-term prosperity.”
A new board of directors, including a new president, will be appointed in the coming weeks. It remains to be seen whether Inter legend Javier Zanetti will be appointed for the role, as suggested in a report from Tuttosport.
Zhang’s Suning acquired Inter from Erick Thohir in 2016 and won seven trophies during its reign, including two Serie A titles.
Check the latest updates and live reactions below
Federico Dimarco: “Thank you Steven, I will never forget what you did for me and our club colours. All together, we took Inter back where they deserve to be and that will remain forever.”
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Financial journalist Marco Bellinazzo sees ‘good news’ for Inter with Oaktree takeover: “The uncertainty tied to Zhang’s situation over the last few years is over. The short-term perspective will be to finalise the renewals and the operations that have already started. Even before [the takeover] we didn’t expect big signings, but the confirmation of the current team.”
Sky Sport via FCInter1908.
Oaktree Capital Management confirm they are the new owner of Inter following a missed €395 million payment from Suning.
🗣️ Oaktree MD Alejandro Cano: “As the new ownership group, we understand the great responsibility towards the community and the historical legacy of Inter. We… pic.twitter.com/G7fkQWoZl1
— Ben Jacobs (@JacobsBen) May 22, 2024
Inter Ultras from Curva Nord thanked ex-President Steven Zhang for the results obtained during his tenure and told Oaktree that they expect to see respect for the club’s history and the continuation of the sporting project. https://t.co/NndPaiP1cn #FCIM #Inter #Calcio #Zhang
— Football Italia (@footballitalia) May 22, 2024
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#AccaddeOggi nel 2010: doppietta di Milito, l’Inter vince la #UCL e completa il Triplete 🏆 pic.twitter.com/Xvsgcq1aJy
— La UEFA (@UEFAcom_it) May 22, 2024
During Suning’s only 8 years in charge, Inter won:
2 x Serie A titles,
2 x Coppa Italia,
3 x Supercoppa Italiana as well as reaching 1 X Europa League & 1 X UCL final.
On top of modernizing Inter beyond point of recognition.
Imho Suning are the most consequential ownership… pic.twitter.com/a17lCXbSRV— Nima Tavallaey Roodsari (@NimaTavRood) May 22, 2024
With Oaktree now taking control of Inter, the next Milan derbies will be all-American affairs for the first time in history.https://t.co/gEttsYMZgt #Inter #ACMilan #SerieA #Calcio
— Football Italia (@footballitalia) May 22, 2024
Former Inter president Massimo Moratti sent a kind message to Steven Zhang and commented on his hopes for the club under new owners Oaktree.https://t.co/u7oLAfDMGG #Moratti #Inter #FCIM #SerieA #Calcio
— Football Italia (@footballitalia) May 22, 2024
Time to cut costs.
Bye Lautaro, Bye Barella, Bye Dumfries, Bye Hakan.
Will Oaktree spend the money for buying players as Sunning used to do?