Massimo Moratti has revealed why he rejected the offer of remaining as President following the sale of Inter to Erick Thohir.
The Indonesian has bought a 70 per cent majority of the Beneamata from the oil baron, but he wanted Massimo, or son Angelomario, to head the outfit.
“I think it's right that the person who carries the liability for an operation should also be the President of the club,” said Moratti who took charge of the Nerazzurri in 1995.
“I must also say that Mr Thohir and his partners insisted that I or my son should be President and I thank them for that.
“However, we felt that doing something with the liability placed on somebody else's shoulders wouldn't be right, nor something we're used to doing.
“It was right that this prestigious position, which represents the authority of the club, should go to those coming in. That's what I felt was right.”
Although Moratti has passed the baton, he has been named as the Honorary President of a club which his father Angelo also owned.
“Being Honorary President myself and my son being Vice-President is still important to us,” he continued.
“It will allow us to remain close to the team and the club, while respecting the roles of those coming in.”
Thohir has taken over the presidency. The new Inter board is now made up of Thohir, Rosan Roeslani, Handy Soetedjo, Thomas Shreve, Hioe Isenta, Angelomario Moratti, Rinaldo Ghelfi and Alberto Manzonetto.