Sport

Italy's Inter Milan secures financing deal with Oaktree funds - sources

Inter Milan has secured a financing deal to help out the Italian soccer club from funds managed by Oaktree Capital Management, two sources close to the matter said.

FILE PHOTO: Serie A - Inter Milan v Sampdoria
FILE PHOTO: Soccer Football - Serie A - Inter Milan v Sampdoria - San Siro, Milan, Italy - May 8, 2021 Inter Milan players celebrate after the match REUTERS/Alessandro Garofalo/File Photo

Bookmark

MILAN: Inter Milan has secured a financing deal to help out the Italian soccer club from funds managed by Oaktree Capital Management, two sources close to the matter said.

Chinese retail giant Suning has controlled Inter Milan since 2016 through Luxembourg-based vehicle Great Horizon Sarl.

It has been seeking new resources to shore up the club's finances to overcome fallout from the health pandemic.

Inter Milan was crowned Serie A champions this month for the first time in 11 years.

(Reporting by Elvira Pollina and Elisa Anzolin, writing by Stephen Jewkes)

Source: Reuters