Revealed – One Possible Financial Situation New Inter Milan Owners Oaktree Capital Wary Of | OneFootball

There is one financial scenario that new owners Oaktree Capital would be wary of after completing their Inter Milan takeover.

Today’s print edition of Rome-based newspaper Corriere dello Sport, via FCInterNews, report that the new Nerazzurri owners will want to avoid any financial issues that would cause the club’s bondholders to be repaid early,

Oaktree have repossessed all of outgoing Inter owners’ Suning’s shares in the club.

That means that the US-based fund now have a controlling stake in the Nerazzurri.

There will still be a transitional process for the fund to put their ownership structure in place. But for all intents and purposes, they are the new owners of Inter.

The Corriere report that Oaktree have repossessed the 68.55% stake in Inter that Suning Holdings had owned via their Luxembourg-based holding company Grand Tower.

The US fund have also repossessed the 31.05% stake that had been held by the International Sports Capital SpA company created by former Inter President Erick Thohir, held via the LionRock Capital holding company in the Cayman Islands.

One Financial Situation Oaktree Capital Must Avoid At Inter Milan

The Corriere confirm that none of the debt issues that Suning had can affect Inter.

The loan that the Chinese company had taken on from Oaktree in 2021 was not to Inter. Rather, it was specifically to Suning.

Therefore, with control of Inter passing into the hands of Oaktree following Suning’s default, the outgoing owners’ debt situation is not relevant to the Nerazzurri.

That does not mean that Inter do not have debt, however.

There is the matter of the club’s €415 million bond.

That does create the potential pitfall of the relationship of Inter to its bondholders.

Were the financial situation to become bad enough, then the Nerazzurri could have to repay their bondholders early.

For that reason, the Corriere notes, Inter’s new owners will be keen to manage the club’s finances cautiously.