Thuis Serie A Inter Milan’s Transition – From Serie A’s Favorites to the Underdog

Inter Milan’s Transition – From Serie A’s Favorites to the Underdog

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For three years, Inter Milan stood as the most frightening force of Italian football and became a favorite every year.

Nerazzurri’s leadership was epic, securing his 20th Scudetto.

You will reach this and two Champions League finals. While dealing with unstable ownership changes.

From financially plagued Chinese investors to American investment fund Oaktree Capital. But as always, even the strongest teams have a humble way of doing things.

The ultimate defeat of the 5-0 Champions League against PSG and the heartbreaking loss of Scudetto by a single point to Napoli marked the end of the era.

More importantly, he wrote about the conclusions of Simone Inzagi’s extraordinary cycle as an Inter mastermind and tactician.

The end of the Simone Inzagi era

Munich, Germany – May 31: FC Internazionale head coach Simone Inzaghi looks disappointed as he passes the UEFA Champions League trophy after winning the medal. This was after losing to Paris Saint-Germain in the 2025 UEFA Champions League Finals for Paris Saint-Germain and FC Intagion Lumilano at the Munich Football Arena on May 31, 2025 in Munich, Germany. (Photos Recine/Getty Images)

Inzagi’s departure to Saudi Arabia was secured for two years at US$50 million, making it the biggest contract in world football.

But it represents more than just administrative change. In fact, it’s the closure of the chapter that marked Inter at the pinnacle of global football.

The tactician, who changed the inters to an unstoppable machine that made the complex seem easy, moved forward and left a legacy and important leadership gap.

New Leadership and New Challenges

New owner of Alejandrocano Inter Milano of North American company Oaktree Capital
Milan, Italy – May 22: (LR) CEO CORATE FC INTERNAZIONALE ALESSANDRO ANTONELLO, Global Opportunity Managing Director of OAKTREE, Katherine Ralph, Managing Director and Co-Head of Europe Global Opportunity Strategy of Oaktree Aregendrocano, CEO Sports FC Intern Manager Manager of Intern Managers, 2024 in Milan, Italy. (Photo: Guido de Bortoli/Getty Images)

Under Oaktree Capital’s stewardship, Inter enters unknown territory, but has incredible financial momentum.

When the Chinese owner defaulted on the loan in May 2024, the club was valued at 1.2 billion euros. Just a year later, Inter’s valuation skyrocketed to around 1.7 billion euros.

This dramatic increase reflects an increase in financial performance under Oaktree’s management, and furthermore, shows that American investment funds will have an immediate impact on the club’s financial stability.

But economic success brings unique pressure. The American investment fund is inheriting the club that is currently in transition.

It was faced with the delicate task of injecting fresh energy into a team that has experienced both glory and intense disappointment while still remaining competitive.

The challenge is multifaceted: how do you rebuild without destroying the foundation? How do you motivate star players like Lautaro Martínez and Marcus Thuram when the momentum of victory is interrupted?

These questions could define Intel’s current predicament.

Inter Milan is a familiar position among the Serie A and the European weak

Christian Chib Inter Milan
MILANO, Italy – September 21: Internazionale head coach Cristian Chivu watches before a Serie A match between FC Internazionale and US Sassuolo Calcio at the Giuseppe Meazza Stadium held in Milan, Italy on September 21, 2025. (Photo: Marco Luzzani/Getty Images)

Perhaps most importantly, Inter finds himself back in familiar territory as a loser, a team that no one expects to succeed.

With just six points from the opening four matches compared to Napoli’s perfect 12-point 4 victory start, Nerazzuri faces a difficult battle that reminds him of historic resilient characters.

This is not necessarily an unwelcome area for the Inter. Clubs often flourished when they were written off and were criticized by the media.

However, if expectations are low and pressure is redirected elsewhere.

The question now is whether this new situation for Inter can guide its underdog spirit without Inzagi’s tactical genius.

Inter Milan Serie A Title Charge – Financial Prudence Vs. Sports Ambition

Beppe Marotta Inter Milan
Verona, Italy – November 23: Giuseppe Marotta of FC Internazionale during a Serie A match between Verona and FC Internazionale at Stadio Marcantonio Bentegodi on November 23, 2024 in Verona, Italy. (Photo: Alessandro Sabattini/Getty Images)

The tension between Oaktree’s business insights and Inter’s sports needs is becoming increasingly apparent.

According to reports, Oaktree has set an expenditure cap of 25 million euros per signature, with wages capped below 2 million euros per season due to new arrivals.

This conservative approach directly addresses one of the biggest criticisms of the past year. It is the lack of investment in new acquisitions. As expressed by angry fans.

Oaktree injected US$52 million in capital into the club, but their philosophy represents a tough departure from the free spending era.

The US Fund has made it clear that there is “no crazy spending” and prioritizes financial sustainability over flashy signatures.

This restrained approach created friction within the club’s leadership.

Reports show that sports director Beppe Marotta must convince Oaktree to “loosen the strings of his wallet” for future transfer windows.

It further highlights the continued tension between sporting ambitions and American financial discipline.

Inter Milan can get Serie A: On Pitch Reality Check

Petal Suic Inter Milan
Milan, Italy – August 25: Petar Sucic of Internazionale warms up before a Serie A match between FC Internazionale and Torino FC at the Giuseppe Meazza Stadium held in Milan, Italy on August 25, 2025. (Photo: Marco Luzzani/Getty Images)

The impact of conservative transfer strategies is manifested on the field.

The questions remain about the team’s performance and consistency despite the goals of Alessandro Bastoni, Marcus Thurlam’s braces, Lautaro Martinez and fresh start Anse Joan Bonnie starting the current Serie A campaign with a solid 5-0 victory over Turin.

The early format suggests that the team is still building their post-in-zagie identity.

The individual talents of stars like Lautaro and Salam continue to deliver epic results.

However, a significant lack of reinforcement can affect sustained competitiveness throughout the long season.

Recent tactical analysis reveals teams that have been caught between maintaining an established 3-5-2 system and adapting to new player constraints.

The departure of key players and limited alternatives will force Inter to rely heavily on “normal suspects,” which could lead to fatigue and predictability as the season progresses.

The road ahead

Marcus Thurlam Inter Milan
MILANO, Italy – August 25: FC Internazionale’s Marcus Thuram celebrates with teammate Lautaro Martinez after scoring the team’s fourth goal during a Serie A match between FC Internazionale and Torino FC at the Giuseppe Meazza Stadium held in Italy on August 25, 2025. (Photo: Marco Luzzani/Getty Images)

Inter transition period tests every aspect of the club’s structure.

New leadership must prove that you understand not only the business of soccer, but the true nature of it.

They must find ways to respect recent success while building sustainable for the future. Everything is within the constraints of voluntary spending restrictions.

For Lautaro and Thuram, this represents both challenges and opportunities. Can they step up as leaders in this new cycle? Can they help bridge the gap between past success and future ambitions?

What the future will happen for Inter Milan at Serie & Bead

Inter Milan Francesco Pio Esposito
Seattle, Washington – June 25: FC Internazionale Milano’s Francesco Esposito #94 scored the team’s first goal at Lautaro Martinez #10 in the FIFA Club World Cup 2025 Group E Match between FC Internazionale Milano and CA River Plate at Lumenfield in Seattle, Washington, on June 25, 2025. (Photo: Buda Mendes/Getty Images)

Inter Milan is at a crossroads. The crazy successful days of Inzagi’s Empire are over.

Ownership is changing and teams are facing the harsh reality of starting over again while trying to stay competitive.

But if history tells us anything about Intel, it means they have the unique ability to stand up when they are least expected.

This transition period could define the next decade of the inter journey. It remains to be seen whether they will appear stronger or struggle to regain their magic.

What is certain is that the loyal Nerazzurri people see, hope, and believe, as they always do, that their team can surprise the world again.

A beautiful game is waiting for no one, and a new chapter in Inter Milan is beginning now.

By: Andrea Zanon

Andrea Zanon is the co-founder of Comfidede. He is an international advisor who has worked for financial institutions and entrepreneurs in sustainability, international affairs and development.

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