Giuseppe Marotta, Inter Milan’s sporting CEO, is set to assume the role of the club’s new president, following a nomination by the Italian club’s new owners, Oaktree, on Tuesday (Jun 4). Marotta’s transition to the presidency marks a significant development within the club’s leadership structure, signaling a new era under the ownership of Oaktree, an American investment firm.
His extensive experience in the sporting realm positions him to navigate the challenges and opportunities facing Inter Milan as they strive for continued success in Serie A and beyond.
Marotta, considered the architect of Inter’s recent return to football’s top table, will replace outgoing president Steven Zhang following a shareholders’ meeting in Milan later Tuesday, in which a new board will also be appointed.
Oaktree took control of Inter last month, days after the club were officially crowned kings of Italy for a 20th time, when previous owners Suning failed to repay a three-year loan which matured at 395 million euros ($428 million).
“I would like to thank Oaktree for the trust they have shown in giving me this opportunity to work alongside them and the Board,” said Marotta in a statement.
“This appointment is an acknowledgement of the fantastic work of the many people who have run the Club over the last three years.”
