Menu
Franchises

Erick Thohir, Partners Complete Purchase Of Stake In Serie A Club Inter Milan

MLS DC United co-Owner and NBA Philadelphia 76ers investor Erick Thohir and his partners completed their purchase of a 70% stake in Serie A club Inter Milan. Thohir, Rosan Roeslani and Handy Soetedjo, who form Int'l Sports Capital, take over as the majority stakeholders. Inner Circle Sports was the financial advisor to Thohir, while Jones Day served as the legal team and Ernst & Young was the accounting advisor (Christopher Botta, SBD). REUTERS' Stephen Jewkes reported Thohir "has been appointed" as Inter Milan chairman, the club said on Friday as former Owner Massimo Moratti's 18-year reign "came to an end." In a statement, Inter said that its shareholders "had named a new slimmer eight-member board of directors headed by Thohir, adding that Moratti had been appointed honorary chairman." The Int'l Sports Capital consortium owned by Thohir and his two Indonesian partners paid €75M ($101M) and "took on all of Inter Milan's debt" of about €180M ($242M) in exchange for a 70% stake in the club (REUTERS, 11/15). SKY SPORTS reported Moratti was named "honorary chairman." Thohir: "I really want to thank my friend and new partner Massimo Moratti for the trust and support, and thank also my partners Rosan and Handy, who I've known for more than 20 years." Moratti believes Int'l Sports Capital is a company "that can add to Inter's success." Moratti: "I am convinced they are more than equipped to keep on adding new successes to our beloved colors. Personally I feel honored I have been the President of Inter for so many years" (SKY SPORTS, 11/15).

THE WELCOME MAT: Thohir "immersed himself" in the Inter Milan Nerazzurro on Saturday, taking in his first game as owner, a friendly against Chiasso. Thohir joined the fans in jumping and chanting "Chi non salta rossonero è" (If you don't jump you're Rossonero), and bowed to the fans in the Inter "curva." The fans unfurled banners hailing the new owner and praising Moratti (LA GAZZETTA DELLO SPORT, 11/16).

SBJ Morning Buzzcast: March 25, 2024

NFL meeting preview; MLB's opening week ad effort and remembering Peter Angelos.

Big Get Jay Wright, March Madness is upon us and ESPN locks up CFP

On this week’s pod, our Big Get is CBS Sports college basketball analyst Jay Wright. The NCAA Championship-winning coach shares his insight with SBJ’s Austin Karp on key hoops issues and why being well dressed is an important part of his success. Also on the show, Poynter Institute senior writer Tom Jones shares who he has up and who is down in sports media. Later, SBJ’s Ben Portnoy talks the latest on ESPN’s CFP extension and who CBS, TNT Sports and ESPN need to make deep runs in the men’s and women's NCAA basketball tournaments.

SBJ I Factor: Nana-Yaw Asamoah

SBJ I Factor features an interview with AMB Sports and Entertainment Chief Commercial Office Nana-Yaw Asamoah. Asamoah, who moved over to AMBSE last year after 14 years at the NFL, talks with SBJ’s Ben Fischer about how his role model parents and older sisters pushed him to shrive, how the power of lifelong learning fuels successful people, and why AMBSE was an opportunity he could not pass up. Asamoah is 2021 SBJ Forty Under 40 honoree. SBJ I Factor is a monthly podcast offering interviews with sports executives who have been recipients of one of the magazine’s awards.

Shareable URL copied to clipboard!

https://www.sportsbusinessjournal.com/Global/Issues/2013/11/18/Franchises/Thohir-Inter.aspx

Sorry, something went wrong with the copy but here is the link for you.

https://www.sportsbusinessjournal.com/Global/Issues/2013/11/18/Franchises/Thohir-Inter.aspx

CLOSE