<p>MILAN — Inter Milan secured a financing deal with Oaktree Capital on Thursday that will see the American investment fund purchase a minority stake in the Serie A club and give the newly-crowned Italian champion a much-needed loan.</p>
<p>Inter did not provide details of the deal but will reportedly receive a cash injection of 275 million euros ($336 million), with a majority of that in the form of a loan. In return, Inter’s Chinese owners will give Oaktree a 31% stake in the club.</p>
<p>“With this financing, the shareholders will continue to sustain Inter, with the objective of overcoming the difficulties and opportunities lost during the COVID period,” Inter said in a statement. </p>
<p>Inter won its first Serie A title in 11 years this month but its finances were hit badly by the coronavirus pandemic, as well as the club’s early elimination from European football.</p>
<p>Inter’s owner, retail giant Suning, is also struggling because of the impact of the pandemic and has halted operations at its Chinese football club.</p>
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