I am happy to stay and extend my contract with Inter Milan
MILAN–CEO Inter Milan Beppe Marotta optimistic about his future at Inter Milan. And he confirmed he would extend his contract with the Nerazzuri. The futures of Marotta and sporting director Piero Ausilo are under speculation.
In the midst of those rumors, Marotta said that he was happy to stay at the club based in the city of Milan. The statement indicates that he has a bright future at Inter Milan.
“I am very optimistic about Inter's future. I am happy to stay and extend my contract with Inter,"He said quoted from Football Italia, Monday (21/6).
Club owner Steven Zhang also wants to cut expenses due to difficult times due to the Covid-19 pandemic. Inter are in a financial crisis so in recent months they have been looking for a new injection of funds.
Inter Milan get an injection of funds from investors, Oaktree Capital. Bloomberg reports that Sunning has completed financing operations of 275 million Euros with Oaktree Capital. Of these, 242 million Euro as a loan and the rest ie 33 million Euros to buy shares of Inter or 31 percent share.
Sunning provides a guarantee that if within three years it cannot repay the loan value, Oaktree Capital has the right to take over Sunning's shares for 68,55 percent. Thus, Oaktree Capital has the potential to become the majority shareholder of Inter.
“Following a due diligence process with a shared long-term vision for the project, today a share-based, funded financing operation run by Oaktree Capital Management L.P. completed,"Read the Inter statement, reported from Tribalfootball, Friday (21/5).
“With this financing, shareholders will continue to support FC Internazionale Milano, with the aim of overcoming the difficulties and opportunities lost during the COVID period,They added.
Oaktree Capital is a company from the United States. The financial services company reportedly manages assets 348 billion dollars per end 2020.