FC Internazionale Milano (or simply Inter Milan) will go into Chinese hands after Indonesian businessman Erick Thohir and former Inter President Massimo Moratti agree to sell a stake in the Italian football club to China-based electronic retailer Suning Commerce Group. Three years ago media tycoon Thohir, founder of the Mahaka Media Group, purchased a 70 percent stake in Inter Milan, a deal worth around 300 million euro. Suning Commerce Group will now acquire a controlling 68.55 percent stake in Inter. Thohir remains as president with a 31 percent stake.

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Indonesian media tycoon Erick Thohir bought a 70 percent stake in football club Inter Milan of Italy. Thohir, one of the richest businessmen in Indonesia and who already holds large stakes in Philadelphia 76 (NBA) and DC United (Major League Soccer), paid about 300 million euro to obtain the 70 percent stake in the three-time European Champions League winner. The deal, which took months to finalize, was announced by Inter Milan president Massimo Moratti. Foreign ownership of football clubs has been a recent phenomenon in Europe.

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