Oaktree have opted for continuity at the top of Inter, officially replacing Steven Zhang as the team president with Giuseppe Marotta. He was previously serving as one of their two CEOs and overseeing the sports area.
The fund will add a host of their execs to the board: Alejandro Cano, Katherine Ralph, Renato Meduri, Carlo Ligori, and Delphine Nannan. The only outsider is Fausto Zanetton, the CEO of Tifosy.
Marotta will be the 23rd chairman of Inter, one of the few who’s not also the owner, La Gazzetta dello Sport informs. He has been at the club since 2018. The Nerazzurri have won two Scudetti since he joined. He has been in football since 1976. He became the head of the Varese academy back when he was only 19. The director cut his teeth at Monza, Como, Ravenna, Torino, Venezia, and Atalanta.
The veteran official had long spells at Sampdoria, from 2002 to 2010, and most famously Juventus, from 2010 to 2018, before heading to Milan. He extended his contract until 2027 not too long ago. He announced he’d leave the team to pursue institutional role afterward. It remains to be seen whether he will change his mind after the recent events.
Oaktree has completed the formalities after seizing control of Inter since Zhang failed to repay his debt, so Marotta and the rest of the front office will be able to operate on the transfer market and seal some deals, such as Lautaro Martinez, Simone Inzaghi, and Nicolò Barella’s extensions.
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