Suning Holdings Group Acquires Inter Milan from Indonesia's Erick Thohir
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.