Erick Thohir is prepared to sell his 31 percent stake in Inter Milan and reports suggest a fund based in Hong Kong will be the purchaser.
Sky Italia reported the unnamed fund will purchase the Indonesian businessman’s shares for around €150 million. The fund would be the secondary owners of the club as Suning Commerce Group, controls by Zhang Jindong, owns a little more than 68 percent of the club. The remaining small percentage is owned by individual stakeholders.
The report, while unable to name the fund, said the fund is close to Suning — which could mean that it is not directly controlled by the Chinese conglomerate, but has very close ties to the Suning leadership.
Multiple reports from Italy state that an important fund based in Hong Kong is ready to take over Erick Thohir's 30% at Inter.— Siavoush Fallahi (@SiavoushF) January 12, 2019
Thohir sold controlling interest in Inter in 2016 to the Suning Group but maintained the position of president of the club until Steven Zhang assumed control of that position late last year.
The deal is still not finalized but is reported to be in an “advanced stage” with signatures on the deal expected in the coming weeks.
Following his exit from Inter Milan business, the former owner of Major League Soccer’s DC United, took a place on the board of directors for Oxford United in England’s League One.
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