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Inter Takeover Complete

inter-takeover-completeSuning Commerce Group have completed their purchase of a majority stake of Inter. The Chinese group had been involved in lengthy discussions over a takeover of the club but have taken to social media to confirm the deal has gone through.

It is believed that Suning have acquired a 70% stake in the Nerazzurri, having concluded negotiations on Sunday afternoon, according to CalcioNews24.

President Erick Thohir flew out to China on Sunday to finalise the talks, with the Indonesian expected to remain in his current capacity under the new proprietorship. The deal will be formally announced at an official press conference in Jiangsu on Monday.

According to Corriere dello Sport, SCG have decided that former president Massimo Moratti and club legend Javier Zanetti will run the club on a day-to-day basis and not the club’s current president Erick Thohir.

The move actually makes sense. One of the knocks on Thohir is that he is an absentee owner, who has brought in a management team that does not fully understand Serie A and Italian football.

If through the negotiations SCG have come to realize this, and are willing to change the way the club has been run for the last three years, that bodes well for how they intend to run the club moving forward.

Inter are one of only three Serie A clubs to be under majority foreign ownership, with Roma and Bologna under American and Canadian control respectively. The trio could soon be joined by AC Milan however, who are also in negotiations with Chinese investors over a potential takeover.