Oaktree, the new owner, invested $52 million in Inter Milan

Inter Milan disclosed on Wednesday that 47 million euros ($52 million) in capital has been invested by Oaktree Capital Management, a U.S. investment fund, in the Italian soccer champions.

In May, Oaktree acquired the Serie A team as a result of a 395-million-euro payment that was not made by its former majority shareholder, a Chinese company.

“The … investment is a demonstration of its commitment to the club’s financial and operational stability to support the highest level of performance on and off the pitch,” Inter stated in a prepared statement.

Inter’s controlling shareholder, Oaktree, directly invested 44 million euros in the club, while an additional three million euros in new capital was generated through the conversion of the final portion of existing loans. It implemented the capital increase during the initial quarter of the fiscal year 2024-2025.

In the 2023-2024 fiscal year, the club’s deficit decreased from 85 million euros to 36 million euros, reflecting a revenue increase that was bolstered by positive sporting results, which in turn increased its commercial turnover.

“The club’s summer transfer dealings balanced the acquisition of top-level players while progressing the objective of sustainable growth and success,” the organization reported.

($1 is equivalent to 0.8966 euros)