Oaktree Capital Directors Meet With Two Inter Milan CEOs As Takeover Moves Forward

Two Oaktree Capital directors met with Inter Milan CEO’s Beppe Marotta and Alessandro Antonello as the fund’s takeover moves forward.

This according to Italian news outlet FCInterNews. The outlet reports that the meeting took place involving Oaktree directors Alejandro Cano and Katherine Ralph.

Everything is in full swing now.

Oaktree have officially begun the process of taking over Inter from Suning.

Today is the first day that the US-based fund can do so. Prior to today, the outgoing owners would have had the opportunity to pay back their debt.

However, Suning did not pay back their debt to Oaktree yesterday. Therefore, the Chinese company defaulted on their loan.

Therefore, today Oaktree have begun the process of repossessing Suning’s controlling shares in Inter.

Naturally, the takeover will not be instantaneous. There will still have to be a period of transition.

However, Oaktree are not wasting any time. This morning, the US fund announced that they are carrying out the process of becoming new Inter owners in an official statement.

Oaktree Directors Meet With Inter CEOs Marotta & Antonello

And according to FCIN, today there was already an important meeting in Oaktree’s taking over the reins.

The outlet report that Alejandro Cano (who is Co-Head of Europe for Oaktree’s Global Opportunities strategy) and Katherine Ralph (who is Oaktree’s Global Opportunities strategy Managing Director) met with Marotta and Antonello.

It is yet to emerge what the directors spoke about in the meeting.

But undoubtedly, the principle topics of conversation concerned Oaktree’s plans for Inter, and what both the coming weeks and the longer-term future hold.

Marotta is Inter’s CEO of Sport. The 67-year-old is the main architect of the Nerazzurri’s transfer strategy, having held the role since 2018.

Meanwhile, Antonello is Inter’s Corporate CEO. The 58-year-old heads up the club’s off-the-pitch strategy.

Antonello is the leading figure in Inter’s commercial partnership and brand development. He has also had a central role in the ongoing new stadium project.