Inter enjoyed several years of stability and sound finances after Oaktree took them over in default after the previous owner failed to repay a loan and used the club as collateral. Governors are considering their next steps. There is interest from Qatar Corriere della Sera reports (via Transfer market).
The Al-Mirqab Foundation has sent inquiries to see if the club is for sale or if it is possible to acquire a stake in it. It is based in Doha and manages the assets of Sheikh Hamad bin Jassim bin Jabir Al Thani. He often spends time in Milan, bought a historic building in the center of the city for 1.1 billion euros. He also bought Villa Certosa from the Berlusconi family for 350 million euros.
Now the value of “Inter” is estimated between 1.5 billion euros and 2.1 billion euros. With the upcoming new stadium in mind, Oaktree could easily ask for more. Negotiations with the other party are still preliminary.
The Nerazzurri President Giuseppe Marotta did not silence the rumors when given the chance, as he questioned it. DAZN weekend (via Football and Finance).
“Entrepreneurship has concretely demonstrated their continued support by investing in infrastructure. They have improved our balance sheet. We are in good hands. I do not ignore their decisions and do not interfere in these matters. However, whatever they do, it will benefit the club and strengthen its past, present and future.”
Our game with “Inter”.
Fixing a team’s finances and turning it around for a profit is often the end game for hedge funds involved in sports. Oaktree thrust into her almost involuntarily. They have shepherded it into a successful and profitable era. Some bloated numbers would be hard to pass up.
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