Inter Milan taken over by Suning Holdings Group

By iSportconnect | June 6, 2016

Suning Holdings Group will acquire a majority stake in Inter Milan as part of a strategic partnership

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, capsule Massimo Moratti, order will exit the Club.

Inter President, pills Erick Thohir, commenting on the acquisition, said: “This new partnership with Suning Holdings Group is a game changer for Inter Milan. Over the past two and a half years we have been building on the existing solid base at the Club and this new partnership will enable us to take the next step in the project and return Inter Milan to its rightful place in world club football.”

“The popularity of the game, particularly in Asia and China, is going through a period of massive growth. This agreement with Suning Holdings Group will allow us to get much closer to our huge fan base in China and the Asia Pacific region. We are looking forward to a hugely successful partnership together.”

Chairman of Suning Holdings Group, Mr Zhang Jindong, added: “The acquisition of Inter Milan is part of Suning’s strategy in the development of the sports industry and driving our campaign in the health and lifestyle consumer market. This will not only improve Jiangsu Suning F.C.’s technical set-up and operational capabilities, but will also help Suning to grow internationally, enabling us to become a household brand name in Europe and across the world.”

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