United States-based investment fund Oaktree Capital Management said on Wednesday it has become the new owner of Serie A champions Inter Milan after a missed €395 million ($428m) payment from the club’s Chinese holding company, Suning.
Oaktree managing director Alejandro Cano said in a statement: “As the new ownership group, we understand the great responsibility towards the community and the historical legacy of Inter. We are committed to the long-term success of the Nerazzurri and believe that our ambitions for the Club match those of its passionate fans in Italy and around the world.
“Our initial focus is the operational and financial stability of the Club. We have great respect for the Inter management team and look forward to working closely with them to provide strong leadership to the Club. Winning the second star was a crucial moment for the Club and our objective is to continue the success achieved on the pitch with a path of long-term growth and success”