No Capital Gains For Inter Milan In June Means Total Losses Of €40-50M – Oaktree Capital Ready To Make Cash Injection | OneFootball

Oaktree Capital are ready to make a cash injection into Inter Milan in the autumn after the club failed to record any capital gains in June.

This according to Milan-based newspaper Gazzetta dello Sport, via FCInterNews. The newspaper note that the Nerazzurri should confirm losses of €40-50 million for the fiscal year just ended – but Oaktree are fine with this.

The month of June has passed and Inter have not made any notable sales.

That means that the Nerazzurri have not registered any capital gains from the transfer market within the fiscal year ending at the end of June under Oaktree’s ownership.

The Gazzetta note that this is significant because it shows that Oaktree have not pushed Inter to make any sales.

Financially speaking, capital gains in June would reduce Inter’s losses during the most recent fiscal year.

But as it stands, the Nerazzurri will record losses of around €40-50 million for the fiscal year.

That is certainly an improvement from recent years. But it is still far from what Oaktree want the financial picture to look like eventually.

Oaktree Capital Ready To Make Cash Injection Into Inter Milan – No Rush For Capital Gains

The Gazzetta note that the lack of sales in June shows the long-term nature of Oaktree’s plans for Inter.

The US-based fund is more than capable of covering some losses in the short and medium term.

That had not exactly been the case with previous owners Suning. The former owners relied on dipping into their €275 million loan from Oaktree to make cash injections.

But that loan is no longer a factor. Suning defaulted, and Oaktree took over their controlling share in Inter.

Therefore, the Gazzetta note, the major debt consideration for Inter’s owners now is the club’s €415 million bond. That matures in 2027.

Therefore, there is not exactly an imminent rush as far as addressing Inter’s bond goes.

Oaktree have seen the gradual and steady financial improvements that Inter have made over the last few years.

And the current Inter owners are confident that this is a trend that can continue.

Therefore, Oaktree are willing to tolerate losses at a scale of €40-50 million for the first fiscal year to end with them in charge.

Obviously that will not be the case forever. Reports indicate that Oaktree are targeting a balanced budget within the next fiscal year or two.

However, for the time being, the owners would rather make a cash injection in the autumn than rush the club into making sales.