Chinese investors buy Inter stake
Chinese investors are to become the second-largest shareholder group in Inter Milan and will help fund a new stadium, the club has announced.
The deal will see Inter president Massimo Moratti retain overall control of the club. A subsidiary of China Railway Construction Corporation, a major transport and construction company, will hold a 15% stake and provide engineering expertise and investment for a stadium.
Inter hope their new home can be completed by 2017, while the China Railway link-up is also intended to promote the club in Asia.
"Internazionale Holding announces that it has reached an agreement which envisages the acquisition of a stake in FC Internazionale by a group of Chinese investors,'' a club statement said.
"The Moratti family will keep the control of the company, while the group of Chinese investors will became the second-largest shareholder."
The statement said the search for a suitable site for the new stadium would begin in the next few weeks, adding: "The parties will jointly select the potentially suitable locations, define the project team and start the filing process to obtain the required authorisations.''
Moratti told Sky Sport 24: "In China, Indonesia, in all these places... there are many fans, and we believe that this agreement could have multiple benefits from this point of view.
"It will be an important statement commercially, given the number of fans and the level of interest in that region.'' He added that he had "had the idea about a new stadium for some time, and now it can be realised".