Inter: Chinese company Suning acquires 68.55% of club, Moratti leaves, Thohir stays as president

Suning, a Chinese multi-national company specialising in the distribution of electronic products and home appliances, became the majority shareholder of FC Internazionale Milano (Serie A TIM) with the acquisition of 68.55% of the club, announced Inter on 06/06/2016.

"International Sports Capital (a group owned by Indonesian Erick Thohir, which held a 70% stake in Inter Milan) will become the sole (primary) minority shareholder in the club and Erick Thohir retains his position as president of Inter.
Internazionale Holding (property of Italian Massimo Morati, which held 29.55% of the club) will cease to be a shareholder and former president, Massimo Moratti, will exit the club," stated FC Internazionale Milano on 06/06/2016.

Massimo Moratti was the majority shareholder of the club from 18/02/1995 to 15/11/2013, when he sold 70% of Inter to Erick Thohir, who succeeded him as head of the club. Following the arrival of Suning at Inter, which valued the club at €750m according to several Italian media outlets, Erick Thohir retains 31% of the club's shares, while the Chinese group will own…