Inter Milan close to being taken over by Chinese consortium in £203m deal
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INTER MILAN is close to being taken over by super-rich Chinese investors, according to reports.
Several Inter officials are thrashing out a deal in Nanjing, China, with electronic retailers Suning.
The company will acquire about a 70 per cent share in the Nerazzurri, report .
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Indonesian businessman Erick Thohir, who bought a 70 per cent stake in the Serie A giants three years ago, will retain a 30 per cent share.
Italian petroleum tycoon Massimo Moratti is set to sell his 29.5 per cent share in the club.
Moratti was Inter’s president between 1995 and 2004, and again from 2006 and 2013. His father, Angelo, held the same role between 1955 and 1968.
Inter, who are now managed by former Manchester City manager Roberto Mancini, have fallen from grace in the past five seasons, with a ninth-place finish in 2013 a low point.
But after ending last campaign fourth and one spot off a Champions League comeback, the club look to be getting back to their best.
And armed with money from their incoming owners, Inter could soon be back to challenging for silverware.
The Chinese Super League splashed out over £200m on international transfers alone between January 1 and February 26 this year.
AC are in talks with a different set of Chinese investors over a possible sale following 30 years in control under former Italy prime minister Silvio Berlusconi.
Inter’s stadium the San Siro, which is shared with Milan, played host to this year’s Champions League final between Real and Atletico Madrid.
