Latest news with #AlessandroAntonello
Yahoo
a day ago
- Business
- Yahoo
Revealed – How Inter Milan Will Refinance €400M+ Bond In Full
Inter Milan will refinance their bond of over €400 million by issuing a new bond. Italian outlet Calcio e Finanza detail how the new bond will be worth €350 million, with an interest rate of 4.52%. Inter had most recently refinance the bond in 2022, under previous owners Suning. Advertisement That bond had been for €400 million. With the total interest, the club owed their bondholders €412 million. But the club will be repaying the full amount. This comes almost two years before the bond matures in February of 2027. Inter Milan Will Refinance Bond By Issuing New Bond MILAN, ITALY – MAY 22: (L-R) CEO Corporate FC Internazionale Alessandro Antonello, Oaktree's Global Opportunities strategy Managing Director Katherine Ralph, Managing Director and Co-Head of Europe for Oaktree's Global Opportunities strategy Alejandro Cano, CEO Sport FC Internazionale Giuseppe Marotta attend a meeting between FC Internazionale new owners Oaktree and Club's Management on May 22, 2024 in Milan, Italy. (Photo by Guido) The big question has been how Inter Milan will repay their bond in full. And Calcio e Finanza reveal that the club will do so by issuing a new bond. This will be for €350 million. Moreover, notably, the interest rate on the new bond will be €4.52 million – down from the rate of €6.75 million on the previous bond. There remains the question of where the over €50 million extra will come from. Advertisement According to Calcio e Finanza, there would be a couple of possibilities here. One would be for Inter owners Oaktree Capital to make a cash injection to directly pay off the remaining amount that the club owe to their bondholders. Furthermore, another possibility would be for the Nerazzurri to use revenues from the club's own coffers to pay off the amount. That would come after what has been a very high-earning season for the club.
Yahoo
5 days ago
- Business
- Yahoo
Former Inter Milan CEO Alessandro Antonello appointed general director at Marseille
Olympique de Marseille have announced the appointment of Alessandro Antonello as the club's new chief executive officer, with the 59-year-old Italian set to take office on July 1st. Antonello brings with him a wealth of experience from a decade at Inter Milan, where he successively held roles as Chief Financial Officer, Chief Operating Officer, and most recently CEO. His time at the Serie A giants coincided with a successful era that included two league titles, two Coppa Italia wins, and three Supercoppa Italiana triumphs. Advertisement In a statement released by the club, Antonello described OM as a 'unique club' with 'rare passion and ambition in European football,' pledging to devote all his energy to supporting Pablo Longoria's 'long-term project'. The former Inter executive will be tasked with 'leading OM's economic development strategy, including the diversification of revenue streams, maximising the commercial potential of the Orange Vélodrome, driving the club's digital transformation, and boosting its international profile'. According to Marseille's official communiqué, this move is part of a broader ambition to 'establish the club among the top 24 in Europe.'GFFN | George Boxall
Yahoo
15-05-2025
- Business
- Yahoo
Spare No Expenses – Inter Milan Owners Oaktree Ready To Spend Big On Signings This Summer
Spare No Expenses – Inter Milan Owners Oaktree Ready To Spend Big On Signings This Summer Oaktree Capital are ready to spend big in the transfer market this summer as Inter Milan look to reinvigorate their squad. This according to Italian broadcaster SportItalia, via FCInterNews. The summer transfer window is nearly upon Inter Milan. Advertisement And the Nerazzurri are certainly firming up their plans for the summer. It will undoubtedly be a busy month for Inter. They may not have as much movement as 2023, when twelve players both left and arrived. But nor will this be like last summer. Inter signed a grand total of just four players for the senior team last summer. The priority was keeping the squad together. Oaktree To 'Spare No Expenses' At Inter Milan This Summer MILAN, ITALY – MAY 22: (L-R) CEO Corporate FC Internazionale Alessandro Antonello, Oaktree's Global Opportunities strategy Managing Director Katherine Ralph, Managing Director and Co-Head of Europe for Oaktree's Global Opportunities strategy Alejandro Cano, CEO Sport FC Internazionale Giuseppe Marotta attend a meeting between FC Internazionale new owners Oaktree and Club's Management on May 22, 2024 in Milan, Italy. (Photo by Guido) Inter Milan's priority is clear this summer. They want to sign younger players and bring down the high average age of the squad. The number of veteran players in Inter's squad has not stopped them competing on multiple fronts this season. Advertisement However, everyone at the club is well aware that this will not be sustainable for much longer. Therefore, Inter are aiming to skew younger starting this summer. Moreover, reports SportItalia, the Nerazzurri are not going to be focusing on hunting for bargains. In the past few years, Inter have really had to find value in the transfer market. This time out, however, SportItalia report that Inter are ready to identify their top targets. And Nerazzurri owners Oaktree Capital will feel confident in outlaying large transfer fees if it is for the right players.
Arab News
27-01-2025
- Business
- Arab News
Zain KSA becomes Inter Milan's first Saudi partner
Italian football club FC Internazionale Milano has announced the club's first partnership agreement in Saudi Arabia, with Zain KSA becoming Inter's first official regional partner. The agreement, valid throughout the 2024/25 season, will see Zain KSA, a leading provider of innovative technology in Saudi Arabia, make its debut in Italian football. Zain KSA will leverage the global visibility of the Inter brand to advance its goals of delivering innovative digital experiences that cater to sports fans in Saudi Arabia. The partnership underscores Inter's dedication to expanding its presence in the Middle East — one of the club's key global markets — and get even closer its extensive and ever-growing fanbase across the region. In 2024, Inter also secured a license from the Ministry of Investment to undertake and manage commercial activities in Saudi Arabia. 'We are very happy to announce our first regional partnership in Saudi Arabia, a key market for developing the Inter brand and one that has shown growing enthusiasm for Inter,' said FC Internazionale Milano CEO Corporate Alessandro Antonello. 'Besides being our first partnership in the Saudi Arabia market, this collaboration with Zain KSA also enables us to join forces with a brand that, like Inter, views innovation and care for their community as two fundamental pillars of their growth strategy.' Thanks to this agreement, football fans in Saudi Arabia — and Nerazzurri fans in particular — will be able to use Zain KSA's cutting-edge 5G experience with personalized home packages and special-edition Inter-themed routers. The partnership — a first of its kind for Zain KSA in the Kingdom and in the region — is the latest in a series of innovative initiatives planned by the company to improve people's quality of life and enrich their daily experiences. Zain KSA's Chief Sales Officer Maher Al-Fawaz said: 'This partnership with FC Internazionale Milano aims to promote a culture of sports in the Kingdom in line with our goals to promote a dynamic, connected and vibrant society. This innovative collaboration meets the growing aspirations of football fans in the Kingdom, attracts international clubs to have activities in Saudi Arabia and reflects our commitment to contributing to the empowerment of the sports ecosystem in Saudi Arabia.'
