Inter Milan Takeover by Erick Thohir Confirmed by Massimo Moratti

Nick AkermanFeatured ColumnistOctober 15, 2013

Inter Milan owner and President Massimo Moratti has reached an agreement that will see Erick Thohir take a majority share in the San Siro-based side.

As reported by Football Italia, Moratti confirmed the deal, which has appeared imminent across the past few weeks:

Everything has been signed, in a few hours there will be a press release.

Satisfied? Yes, this has been a long time, but eventually we have gotten there, everything seems to be in balance.

WASHINGTON, DC - JULY 10:  DC United co-owner Erick Thohir speaks during a press conference at W Hotel Washington DC on July 10, 2012 in Washington, DC. Owner Will Chang announced that Erick Thohir and Jason Levien have joined him as co-owners of DC Unite
Patrick McDermott/Getty Images

Thohir is said to be taking a 70 percent stake in the world-renowned club. The Indonesian father of four, who is the co-owner of Astra International automotive group, also owns MLS outfit DC United, per Yahoo! Sports.

The 43-year-old businessman’s sporting investments extend beyond football. He was part of the consortium that purchased the NBA’s Philadelphia 76ers, per the Associated Press via Fox News, as well as owning Satria Muda BritAma Jakarta and Indonesia Warriors basketball teams in his homeland.

Moratti has confirmed he is unsure whether he will continue as Inter president. As outlined in Football Italia’s report, it appears the 68-year-old holds the power to make a decision on his own future:

In the role of President, that does not have to be decided yet, but it will depend only on me. There is all the love, but also the relief of leaving the club to respectable people in terms of their character.

Now I will try to adapt to a new rhythm.

Inter currently sit fourth in Serie A, as recorded by WhoScored. The Italian giants have four wins, one loss and two draws from their opening seven games, but already trail Roma by seven points at the top.

Walter Mazzarri’s team were comfortably outplayed when the two sides met on Oct. 5. Roma left the San Siro with an impressive 3-0 win and highlighted an Inter side that have failed to build upon their Champions League final success in the 2009-10 season.

A host of players that sent Inter to European glory have left the club. Names such as Julio Cesar, Maicon, Lucio, Wesley Sneijder, Samuel Eto’o, Goran Pandev and Mario Balotelli haven’t been convincingly replaced, leading to second-, sixth- and ninth-placed finishes since claiming the treble in 2009-10.

As reported in the aforementioned Fox Sports report, Thohir's takeover is said to be worth $475 million. Although the new majority shareholder is yet to outline his plans for the club, some of that money is likely to be spent strengthening Mazzarri's squad.