NEWS
Tuesday October 15 2013
Thohir, Moratti set to sign off

Reports are that Erick Thohir’s agreement to buy out 70 per cent shares in Inter could be completed via fax very soon.

It is understood that the Indonesian investor is all but signed off with Massimo Moratti on a deal to buy up 70 per cent shares in the Nerazzurri and bring with him new capital to the San Siro side.

Various outlets are running the line that a new meeting between Thohir and the current President is not necessary and that signing documentation via fax is all that is now needed to start the official process of the takeover.

The Gazzetta dello Sport indicate that the go-ahead for completion of the deal was given in Jakarta last night and that today will see Thohir and Moratti complete formalities before an official announcement of the agreement is made.

It had been believed that recent stumbling blocks to the deal’s agreement included the make-up of the new board and determining if Moratti will stay on as President or not and with what decision-making capacity.

Any possible takeover deal to bring in Thohir and his board members will unlikely be completed by the club’s shareholders’ meeting on October 28, with it seen that an extraordinary general meeting in November will be required to formalise their entry.

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