Thursday, 2nd August, 2012
Italian giants Inter have sold shares in the club to a group of Chinese investors and also announced plans for a new stadium.
President Massimo Moratti will remain Inter’s largest shareholder after the deal, but it is believed up to 20% of the club’s share stock has been purchased by the Chinese group at a price of €200M.
The Nerazzurri will use some of the cash to fund construction of a new stadium, which they hope to have completed by 2017.
The construction of that arena will be carried out by China Railway Construction in a further strengthening of ties with the rising power.
Inter are bidding to boost their presence in Asia and also required an influx of funds as they push to once again establish themselves as top dogs in Italy.
The Italian giants have also appointed three new board members as a result of the investment.
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