OFFICIAL – Inter, Oaktree immediately pays 50 million: collected 22.2 million from commercial partners

The impact of Oaktree on Inter’s balance sheet is beginning to be seen: the US fund has already paid 50 million euros into the club’s coffers

The impact of Oaktree on Inter’s balance is beginning to be seen. As can be seen from a note released by Inter, Media and Communication, the US fund has already paid € 50 million into the club’s coffers after the official funding, which arrived on May 20.

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“Since the start of the pandemic at the end of February 2020, which put a lot of pressure on the Group’s revenues and liquidity, we have taken a series of actions to preserve liquidity as much as possible, including the deferral of salary payments to players and to the technical staff “, reads the document.” All of the above took place in full agreement with the counterparties and in full compliance with the sporting regulations provided by the FIGC and UEFA “.

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“On May 20, 2021, our majority shareholder concluded a new financing transaction, with the aim of supporting our Group in improving its cash flow position before reaching a break-even transaction target. Immediately after the closing, we received a cash injection of € 50 million through an equity loan provided to TeamCo; we also collected € 22.2 million through the payment of commercial contracts with related parties (payment made to both TeamCo and MediaCo) “.

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