Friday, 3 August 2012
Chinese investors buy into Inter Milan
Inter Milan have announced that a group of Chinese investors are about buying stake in the club.
The club disclosed that the Moratti family would retain control.
Internazionale Holding also said it would build a new stadium in partnership with a unit of China Railway Construction by 2017.
It is believed that Chinese interests will be around 15% stake. An undisclosed reports says the deal is worth nearly $70m.
Inter Milan have not disclosed the identity of the investors but it is widely reported by Chinese media that China Railway Construction Group is the key player in the deal.
Inter Milan said Kamchi Li, Kenneth Huang and Fabrizio Rindi would become members of the board of directors as a result of the investment.
Inter Milan said the move was 'aimed at expanding its presence in the Asian markets to raise new resources for the enhancement of its international future development and winning perspectives'.
Aug. 3, 2012.
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