Indonesian tycoons buy majority stake in Inter Milan

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Inter Milan captain Zanetti lifts Italian Serie A trophy at San Siro stadium in MilanA trio of Indonesian businessmen led by media tycoon Erick Thohir have bought a 70 per cent stake in Italian football club Inter Milan, media reported on October 16.>
The club did not disclose the value of deal, but various reports estimated it to be between $340 and $405 million. The two sides had been negotiating for some time amid efforts by the club to bring in fresh capital.

Massimo Moratti, the president of the club, said the club’s “history is going to be enriched by a new season thanks to our new international partners who, I am sure, will contribute to a continued string of successes”.

“The new partners’ enthusiasm and pragmatism are certainly a guarantee for the future,” he added in a statement.

Thohir, owner of a number of Indonesian media and TV businesses, is also a co-owner of DC United, a Major League Soccer club in the US and has also served as vice president of the Indonesian Olympic Committee.

The other two partners in the deal are coal mogul Rosan Roeslani and investor Handy Soetedjo. Roeslani also owns a stake in DC United, while Soetedjo was involved in the purchase of basketball team Philadelphia 76ers of the National Basketball Association in 2011.

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Reading Time: 1 minute

A trio of Indonesian businessmen led by media tycoon Erick Thohir have bought a 70 per cent stake in Italian football club Inter Milan, media reported on October 16.>
The club did not disclose the value of deal, but various reports estimated it to be between $340 and $405 million. The two sides had been negotiating for some time amid efforts by the club to bring in fresh capital.

Reading Time: 1 minute

Inter Milan captain Zanetti lifts Italian Serie A trophy at San Siro stadium in MilanA trio of Indonesian businessmen led by media tycoon Erick Thohir have bought a 70 per cent stake in Italian football club Inter Milan, media reported on October 16.>
The club did not disclose the value of deal, but various reports estimated it to be between $340 and $405 million. The two sides had been negotiating for some time amid efforts by the club to bring in fresh capital.

Massimo Moratti, the president of the club, said the club’s “history is going to be enriched by a new season thanks to our new international partners who, I am sure, will contribute to a continued string of successes”.

“The new partners’ enthusiasm and pragmatism are certainly a guarantee for the future,” he added in a statement.

Thohir, owner of a number of Indonesian media and TV businesses, is also a co-owner of DC United, a Major League Soccer club in the US and has also served as vice president of the Indonesian Olympic Committee.

The other two partners in the deal are coal mogul Rosan Roeslani and investor Handy Soetedjo. Roeslani also owns a stake in DC United, while Soetedjo was involved in the purchase of basketball team Philadelphia 76ers of the National Basketball Association in 2011.

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