Inter have released an official statement confirming the sale to the Chinese Suning Group, on from today's Press conference.
The transfer of 68.55 per cent of the Nerazzurri's shares to the Far East company represents a game changer for Italian and European football.
New owner Zhang Jindong and President Erick Thohir welcomed the development, and their speeches were followed by an official statement released on Inter's club.
Inter have released an official statement confirming the sale to the Chinese Suning Group, on from today's Press conference.
The transfer of 68.55 per cent of the Nerazzurri's shares to the Far East company represents a game changer for Italian and European football.
New owner Zhang Jindong and President Erick Thohir welcomed the development, and their speeches were followed by an official statement released on Inter's club.
“F.C. Internazionale Milano (Inter Milan) and Suning Holdings Group today announce the signing of a strategic partnership,” reads the statement on their official site.
“Suning Holdings Group will acquire a majority stake in Inter Milan, one of Europe’s leading football clubs since its founding in 1908.
“International Sports Capital will become the sole minority shareholder in the Club and Erick Thohir retains his position as President of Inter.
“Internazionale Holding will cease to be a shareholder and former President, Massimo Moratti, will exit the Club after many years of success winning prestigious silverware including the “Triplete” in 2010.”
The statement then goes on to transcribe Jindong and Thohir's speeches from the conference.