OFFICIAL: Oaktree takes ownership of Inter Milan, Zhang’s era comes to an end

OFFICIAL: Oaktree Fund is the new owner of Inter Milan. Zhang’s era is over. 

The American fund has started the procedures to take over from Suning after Steven Zhang failed to repay a loan of nearly €400m, including interests.

Oaktree statement:

As of May 22, 2024, funds managed by Oaktree Capital Management, LP (*Oaktree") are owned by FC Interazionale Milano Cinter or the Club. This follows the non-repayment of the three-year loan granted by Oaktree to the inter holding companies, which expired on 21 May 2024 with a total balance of approximately 395 million euros.

In May 2021, with Inter heading to record financial losses for the 2020/2021 financial year. Oaktree has provided the inter holding companies with the necessary resources to stabilise the financial situation of the Club and thus continue to operate, also guaranteeing the payment of players and employees. In the three years since Oaktree's emergency intervention, Inter won their eighth and ninth Italian Cup, secured the sixth, seventh and eighth Super Cup, and earned the 20th Scudetto and the historic second star, as well as reaching the UEFA Champions League final for the first time since 2010.

Oaktree is dedicated to achieving the best result for Inter's long-term prosperity, with an initial focus on the operational and financial stability of the Club and its stakeholders. Oaktree has a great respect for the history of Inter, the passion of the players, the loyalty of the Interisti; he also has great consideration for the significant role of the Club towards the city of Milan, Italy and the global sports community. Oaktree intends to work closely with the current Inter management team, partners, league and sports governing bodies to ensure the Club is