NEWS
Wednesday April 27 2016
Moratti to sign off Suning-Inter?

The deal between Suning Commerce Group and Inter is now only missing Massimo Moratti’s approval, say reports.

The Chinese conglomerate announced on Monday that they were in negotiations to have a ‘strategic cooperation’ with the Nerazzurri.

Gazzetta dello Sport reports today that a deal could be closed in the next few weeks and that only Moratti’s approval is now needed.

The outlet confirms that talks between President Erick Thohir and the group led by Zhang Jindong are at a very advanced stage.

Suning Group will initially take over 20-30 per cent of the club’s shares, but the newspaper believes it’s unlikely that the structure will remain like this for long.

A three-headed governance of the club between Suning, Thohir and Moratti would be very complicated, while nobody would invest in a business in the red without the prospect of having some control, says the report.

However, Gazzetta does point out that there are some reasons for the group to invest such as being the first Chinese investors in Serie A and the commercial potential of the deal.

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