Football: Oaktree to buy Lionrock’s stake in Inter Milan in $336 million financing deal – sources


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MILAN (Reuters) – Oaktree Capital Group is set to buy Lionrock’s minority stake in Inter Milan as part of a 275 million euro ($336 million) financing deal needed to shore up the Serie A club’s finances, two sources close to the matter said.

Chinese retail giant Suning owns 68.5% of the top league club, which is suffering due to the fallout from the COVID-19 pandemic, with Lionrock Capital owning the rest.

Oaktree, Lionrock and Suning all declined to comment. ($1 = 0.8194 euros)

(Reporting by Elisa Anzolin and Elvira Pollina, writing by Maria Pia Quaglia; editing by Valentina Za)

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