Wednesday June 1 2016
Reuters: Suning-Inter deal June 5

News agency Reuters claims two sources confirmed Inter will sell a majority stake to Suning Group by June 5.

The reports are spreading rapidly that the Chinese investors are planning not to buy 20 per cent, but 70 per cent of the club.

Suning, which owns local club Jiangsu Suning, is one of China's biggest private firms with annual revenue topping $20 billion.

"A deal with Suning is expected around June 5," one of the sources told Reuters.

Another source added that Suning would own considerably more than 20 per cent of the Serie A club.

Massimo Moratti seems set to sell his entire 30 per cent stake in Inter, while Thohir would also sell at least 30 per cent.

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