Despotism v capitalism: PSG v Inter is clash of styles on and off pitch | Jonathan Li

Champions League final features opposing tactical approaches and two radically different ownership models
In 2021, Oaktree Capital quietly rebranded its ?Distressed Debt? division as the ?Opportunistic Credit? platform. For decades the LA-based investment fund had specialised in picking up what is known in the trade as distressed assets, a strategy it described as looking for ?good companies with bad balance sheets?.
So let?s say your company is screwed. You?re deep in debt, severely short of cash, perhaps even at risk of bankruptcy or default. In sweep Oaktree. They have a mosey around, shake down some creditors, restructure your cost base, perhaps offer you a high?interest loan to stop the bleeding. Once they?ve got you battle-lean they find you a buyer, you sell up, and they take a fat cut. Four years ago, as they cast an eye over the Covid-emaciated carcass of Inter, this was exactly the strategy they had in mind.
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