Oaktree Capital Management

[Dave54]

As we all know, Oaktree took over the team. Let the discussion begin.

 

[Dave54]

Founded in 1995 and with $192 billion of assets under management, Oaktree is an opportunistic investor through its credit, private equity, real assets and equities strategies.

It extends credit lines to companies which may not have access to traditional funding sources and monetizes those lines by receiving interest.

 

[cloudq]

Norwegian Sovereign Wealth Fund please

 

[Il Drago]

Hold your horses. Not official yet.

 

[qb4ever_2k]

Elliott ples

 

[Bluenine]

Lets hope OakTree find us a rich owner soon, because I don't see anything changing from Zhang -> OakTree apart from the owners having lessor emotional attachment to the club

 

[Neroazzurr4]

because I don't see anything changing from Zhang -> OakTree apart from the owners having lessor emotional attachment to the club

Inter needs financial stability much more than emotions from the owner.

 

[Darth_Ausilio]

The Mandate of Heaven has passed from Lord Zhang. Let us welcome our faceless new corporate overlords.
We aim to do our utmost to achieve maximum return on their investment, while also developing robust risk management and acting with the highest integrity.

 

[wera]

It's going to be sold to Americans and they won't know what to really do with a club that bleeds money like this.

 

[brehme1989]

It's going to be sold to Americans and they won't know what to really do with a club that bleeds money like this.

They'll sell our training facility and turn it into a golf & casino resort

 

[javier_zanetti <3]

Official.

 

[Il Drago]

They'll sell our training facility and turn it into a golf & casino resort

They will also sell our 2010 CL trophy to Juventus

 

[RotterdamNerazzurri]

I for one am kinda worried. Offcourse Suning wasn't the best case scenario for us the last couple of years. But it wasn't the worst really. As others pointed out we are a club who bleed money and Suning covered almost every year for it. Let's hope Don Bepe is staying and our management keeps intact.

I don't have high hopes for American owners. We can only hope they indeed sell the club asap. Otherwise we're in for cutting costs like mad men. I can't see Oaktree pay 100 mln a year to keep us floating and cover debts.

 

[Jnr]

Official.


As of May 22, 2024, funds managed by Oaktree Capital Management, LP (“Oaktree”) are owners of FC Internazionale Milano (“Inter” or the “Club”). This follows the failure to reimburse the three-year loan granted by Oaktree to Inter's holding companies, expiring on 21 May 2024 with a
overall balance of approximately 395 million euros. In May 2021, with Inter on course to record record financial losses for the financial year financial year 2020/2021, Oaktree has provided Inter's holding companies with the necessary resources to stabilize the financial situation of the Club and thus continue to operate, also guaranteeing the payment of players and employees. In the three years since the emergency intervention of Oaktree, Inter won their eighth and ninth Italian Cup, secured their sixth, seventh and eighth Super Cup, and earned the 20th scudetto and the historic second star, as well as having achieved the UEFA Champions League final for the first time since 2010. Oaktree is dedicated to achieving the best outcome 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 Inter fans; has also great consideration for the significant role of the Club towards the city of Milano, of Italy and the global sports community. Oaktree intends to work closely with the current management team of Inter, with the partners, with the league and with the governing bodies of the sport to ensure the Club is positioned for success on and off the pitch, focusing on strong management and governance with a vision of sustainable growth and success.

 

[vex]

Announcement as expected, praising management and showing willingness to work with them. That's the most important thing, imo.

Also, it doesn't seem like they want to sell immediately, tbh.

 

[Dave54]

Norwegian Sovereign Wealth Fund please

Add?

 

[Il Drago]

Announcement as expected, praising management and showing willingness to work with them. That's the most important thing, imo.

Also, it doesn't seem like they want to sell immediately, tbh.

My thoughts exactly. Talking about long term twice in the press release.

 

[Dave54]

And in Italian.

https://twitter.com/x/status/1793214506488754529

 

[.h.]

I hope we see some commentary on strategy etc soon from these guys.

 

[Dave54]

https://twitter.com/x/status/1793216487324357091

Alejandro Cano is the Managing Director and Co-Head of Europe for Oaktree Capital Management. He plays a key role in the group’s investing efforts across several sectors in Europe and Latin America and has served on various boards1. Prior to joining Oaktree in 2012, Mr. Cano worked as an investment professional at Hellman & Friedman, an associate at Goldman Sachs’ Investment Banking TMT team, and a senior fellow at McKinsey & Company. His educational background includes a B.Sc. / M.Sc. in telecom engineering, a B.Sc. in mathematics, and a degree in interdisciplinary engineering from Barcelona Tech. He also holds an M.B.A. from Stanford Graduate School of Business, where he was awarded the Ramon Areces scholarship. Mr. Cano is fluent in Spanish and Catalan.