An important day forInter. The event starts at 10amShareholders’ Meeting at theHotel Palazzo Parigi in Milanbut important news arrives before the start: Giuseppe Marotta is the new president of the Nerazzurri clubthe new members of the board of directors brought by the Californian fund were also announced Oaktree Capital Managementt, new owner of the club with 99.6% of the shares after Steven Zhang’s failure to repay the loan – around 395 million euros.
MAROTTA NEW PRESIDENT – The most important news concerns the new president: proposed the CEO Giuseppe Marotta, who accepted the job and will therefore take the reins of the Nerazzurri club. Appointment approved by shareholders. He thus becomes the 22nd president in the history of Inter and, at the same time, maintains the role of CEO for the sports area.
ALL THE WORDS OF MAROTTA
THE BOARD OF DIRECTORS – The appointments for the new board of directors proposed by Oaktree were also made known: Alejandro CanoKatherine RalphRenato MeduriCarlo LigoriDelphine NannanFausto Zanetton. Four previous members confirmed: Alessandro AntonelloJoseph MarottaCarlo Marchetti and Amedeo Carassai.
Zhang Kangyang, Xu Yichen, Zhu Qing, Zhou Bin, Ying Ruohan, Daniel Kar Keung Tseung leave the scene.
THE DISCOURSE OF THE NEW OWNERSHIP
BOARD APPROVED – The shareholders have approved the new Inter board of directors: the announcement with an official note on the website:
FC Internazionale Milano SpA today approved the new composition of the Club’s Board of Directors at the Shareholders’ Meeting held at the Hotel Palazzo Parigi in Milan.
Following the Assembly, the first meeting of the Board of Directors took place, during which Giuseppe Marotta was confirmed as President.
The Council is made up of:
Joseph MarottaPresident and CEO Sport, FC Internazionale Milano
Alexander AntonelloCEO Corporate, FC Internazionale Milano (reconfirmed)
Alejandro CanoManaging Director and Co-Head Europe for Oaktree’s Global Opportunities strategy
Katherine RalphManaging Director for Oaktree’s Global Opportunities Strategy
Renato MeduriSenior Vice President of Global Opportunities Strategy at Oaktree
Carlo LigoriAssociate for Global Opportunities Strategy at Oaktree
Delphine NannanSenior Vice President for Oaktree’s Luxembourg office
Fausto ZanettonCEO of Tifosy Capital & Advisory
Amedeo CarassaiIndependent Director, FC Internazionale Milano (reconfirmed)
Carlo MarchettiIndependent Director, FC Internazionale Milano (reconfirmed)
ALL THE PRESIDENTS IN THE HISTORY OF INTER
THE OFFICIAL STATEMENT – Previously, Inter had published an official statement on its official website with the proposals submitted to the shareholders:
FC Internazionale Milano SpA (“Inter” or the “Club”) announces today the proposed appointment of Giuseppe Marotta as new President and the new composition of the Board of Directors of the Company, which will be confirmed by the Shareholders’ Meeting to be held in Milan in today. The proposed appointments follow the recent change of ownership of the Club. On 22 May 2024, funds managed by Oaktree Capital Management, LP (“Oaktree”) assumed ownership of Inter following the failure to repay the three-year loan granted by Oaktree to Inter holding company.
Oaktree, as part of its focus on the operational and financial stability of Inter, has proposed the appointment of the following new members of the Board of Directors:
Alejandro CanoManaging Director and Co-Head Europe for Oaktree’s Global Opportunities strategy
Katherine RalphManaging Director for Oaktree’s Global Opportunities Strategy
Renato MeduriSenior Vice President of Global Opportunities Strategy at Oaktree
Carlo LigoriAssociate for Global Opportunities Strategy at Oaktree
Delphine NannanSenior Vice President for Oaktree’s Luxembourg office
Fausto ZanettonCEO of Tifosy Capital & Advisory
The new Board brings together expertise from Italy and Europe, including the Oaktree team that has worked with the Club since 2021. The new members of the Board of Directors will provide essential experience and expertise to achieve the Company’s long-term objectives and to ensure the prosperity, growth and success of Inter.
“I would like to thank Oaktree for their trust in giving me this opportunity to work alongside them and the Board of Directors. This appointment is in recognition of the fantastic work done by the many people who have run the Club over the last three years. I am proud to be part of Inter and I reiterate my commitment to the Club.”
Giuseppe Marotta
“As new members of the Inter Board of Directors, we understand our responsibility towards the Nerazzurri Family and Inter’s legacy. In the role of President, Marotta will provide strong continuity to the Club and will bring to the Presidency the experience, passion and dedication gained during a brilliant career in the world of football. The Board of Directors stands ready to support the President and management of Inter to ensure that the Club is positioned for continued success on and off the pitch.”
Oaktree
ANTONELLO’S WORDS
