Inter, proclaimed Italian champion for the first time since 2010 in early May but suffering from significant economic difficulties, announced on Friday an agreement with the US investment fund Oaktree Capital, which will make a loan of 330 million dollars (275 million of euros).
“After a prior verification process and with a common long-term vision for the project, a financing operation was closed on Thursday with the investment fund Oaktree Capital Management,” said Inter.
“With this financing, the shareholders will continue to support Inter Milan with the aim of overcoming the difficulties and opportunities lost during the covid-19 period,” the club added.
Last year, Inter registered losses of more than 100 million euros (122 million dollars) and its owner, the Chinese company Suning, a giant that distributes electronic products, which since 2016 owns about 70% of the club’s shares. , also suffers from serious financial problems.
Suning had to drop another soccer club, Jiangsu, the Chinese league champions, which was expelled from the first division this season in March.
The loan to Inter has no impact on the club’s shareholding, with 31% held by LionRock Capital, a Hong Kong-based fund. AFP (HN)