Chinese group takes stake in Inter
Serie A soccer side Inter Milan has confirmed that a stake in the club has been sold to a Chinese group, which will become the second-largest shareholder.
Although no further details were given, numerous reports suggest the China Railway Construction Corp has bought a 15 per cent stake from Inter's controlling Moratti family in a deal that values the club at US$611 million.
Hong Kong-based QSL Sports, whose chairman Kenny Huang was previously involved in a failed bid for English Premier League club Liverpool, is believed to be part of the investment group.
Although China Railway has no previous involvement in sports ownership, the company is likely to work with Inter as it makes inroads on its plans to build a new stadium 2.5km away from its current shared home, the San Siro, on the site of the 2016 Milan Expo.blog comments powered by Disqus
- Length of contract: N/A
- Annualised value: N/A
- Overall value: US$91.65 million
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