Inter president Erick Thohir has confirmed that he is selling the club to Suning Commerce Group. The initial negotiations had been for SCG to buy just a 20% position, but that quickly developed to 60-70% for around €650 million.
“Inter are in good hands,” Thohir told the Corriere dello Sport.
“We decided to sell the majority of Inter shares to make the club stronger through a strategic partner like Suning, who make a big impact in China.
“With Massimo Moratti we worked well and made the club stronger. We have a management structure of a top European club, something that not everyone in Italy has.
“The objective is to build a global Inter, but at the same time one that does not lose its values. It has to be a club that can help Italian football grow to compete with the most important leagues in Europe.”
I was never impressed with Thohir, as he did not have the money needed to invest in the club for the long run. Hopefully SCG will be able to do that. In addition to what happens in the transfer market this summer, I am interested in what the new owners say about a new stadium. Inter needs to grow revenues and as Juventus has shown, owning your own stadium makes much fiscal sense than renting from the city.