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Erick Thohir close to selling shares of Inter Milan

Reports suggest fund based in Hong Kong in line to purchase shares.

FC Internazionale v US Citta di Palermo - Serie A
Former President of FC Internazionale Erick Thohir and Chairman of Suning holdings group Zhang Jindong look on before the Seria A match between FC Internazionale and US Citta di Palermo at Stadio Giuseppe Meazza on August 28, 2016 in Milan, Italy.
Photo by Tullio M. Puglia/Getty Images

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.

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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