On May 24, Inter Milan Football Club (
national rice
) formally issued a public notice confirming
Oaktree Capital
acquired 99.6% of the club's shares.
Inter confirmed that on May 22, 2024, the club received an announcement from the shareholder Grand Tower (GT).GT holds 68.55% of Inter's shares and informed about the execution of the share pledge. Oaktree Capital acquired 100% of the shares of Great Horizon (GH), thus indirectly controlling Inter (GH is the sole shareholder of Grand Sunshine and Grand Sunshine is the sole shareholder of GT).
On the same day, Inter was informed that GH had also acquired control and ownership of LionRock Zuqiu Limited. The company indirectly owns 31.05% of Inter Milan through its subsidiary International Sports Capital. Oak Capital therefore indirectly controls 99.6% of Inter's shares.
Oaktree Capital announced on May 22 that it had taken over Inter Milan due to the failure of Inter Milan Holdings to repay loans and interest.
In May 2021, Suning-controlled Inter obtained a three-year loan worth €275 million at an annual interest rate of 12% from U.S. fund Oak Tree Capital. The loan is secured by Inter's equity, and if Suning fails to repay the approximately 375 million euros with interest by May 21, Oak Capital has the right to enforce the pledge of Inter's equity and thus become the club's owner.
This pledge of shares includes not only the 68.55% held by Suning, but also the 31.05% held by LionRock Fund (LionRock Fund).
On June 6, 2016, Suning Group and FC Inter Milan jointly held a conference in Nanjing to announce that Inter entered the Suning era. In almost eight years, Inter won two Serie A titles, two Coppa Italia titles and three Italian Super Cups, and reached the UEFA Cup and Champions League finals in 2020 and 2023 respectively.
