"Oaktree Capital’s rebranding of its distressed debt division to opportunistic credit reflects its strategy of identifying valuable firms facing financial troubles, and then turning them around."
"As Oaktree took over Inter, initially viewing its acquisition as a tactical response to assist Suning, success perspectives contrasted sharply with the vibrant football philosophies of Paris Saint-Germain."
In 2021, Oaktree Capital revamped its Distressed Debt division to Opportunistic Credit, seeking to ally with distressed firms and streamline their recoveries rather than owning them. The case of Inter, originally bought with hopes to assist owner Suning amidst debts, exemplifies this shift. As restructurings faltered and ownership shifted unexpectedly to Oaktree, the philosophical clash during the Champions League final between Inter and PSG highlighted contrasting football management styles. Oaktree's approach focused on steady, long-term recovery, while PSG represented a youthful, dynamic urgency, exemplifying broader tensions between traditional and innovative club strategies in football.
Read at www.theguardian.com
Unable to calculate read time
Collection
[
|
...
]