Oaktree Capital Could Keep Hold Of Inter Milan For 3-5 Years Rather Than Sell Right Away

Oaktree Capital could keep hold of Inter Milan for a few years and wait to sell the club, rather than completing a sale right away.

This according to today’s print edition of Turin-based newspaper Tuttosport, via FCInterNews.

It now looks very probable that US-based fund Oaktree will soon become Inter owners.

The deadline of the loan that Oaktree made to current Nerazzurri owners Suning 2021 is now at hand.

And, barring any extraordinary late twists, Suning will not be able to repay that loan.

The Chinese company’s efforts at refinancing look to have failed. And there will be no extensions to the deadline.

Therefore, per the terms of the agreement from the spring of 2021, Suning’s controlling shares in Inter will pass into the hands of Oaktree.

Oaktree Could Keep Hold Of Inter Milan For 3-5 Years

By all accounts, taking control of Inter was never Oaktree’s plan.

The US fund is not in the business of football management, and when they made the loan to Suning three years ago it was not with a view of eventually taking over at the Nerazzurri.

Rather, Oaktree had anticipated that Suning would sell Inter in the next three years. Then they would be able to share in the profits from such a sale.

However, Oaktree have every intention of exercising their right to take over at Inter.

And Tuttosport report that the US fund may not necessarily “flip” the Nerazzurri right away.

At the moment, there do not appear to be any buyers imminently on the horizon.

There have been plenty of rumours of a new owner waiting in the wings. However, the rumours of interested buyers for Inter have lingered for years now – without coming to anything.

Tuttosport anticipate that Oaktree could bide their time.

The US fund does plan to sell Inter eventually. But it might not be right away.