Chinese electronics giant buys majority stake in Inter Milan



Linkedin Twitter

Inter Milan

Chinese electronic giants ‘Suning’ has bought 70% stake in Italian football club Inter Milan for approximately €270 million, making them the majority stakeholder.

The deal, announced on June 6, will see International Sports Capital reduced as the minority shareholder in the club, while Indonesian entrepreneur Erick Thohir will retain his position as the president of Inter Milan.

“This new partnership with Suning Holdings Group is a game changer for Inter Milan. Over the past two and a half years we have been building on the existing solid base at the Club and this new partnership will enable us to take the next step in the project and return Inter Milan to its rightful place in world club football,” said Thohir.

Zhang Jindong the Chairman of ‘Suning’, has vowed to restore Internazionale Milan’s glory days once again. The purchase by the Chinese company allows the Asian powerhouse to make a mark on European football.

“We believe that Inter Milan’s super famous name in the world will definitely help us become a well-known brand for China, Europe and other countries in the world. It is an important part of Suning’s international development,” said Zhang Jindong.

Watch 150 member-exclusive videos with valuable tips for your venue



« Previous News:
» Next News:



More News

Angelo Giannuzzi on Coliseum EUROPE

Fulham Pier to redefine luxe living

Published: April 15th, 2021

Sports sell places. How do you ensure that the spectators come to the venue earlier, stay longer,... » Read more

Standard Liege stadium gets final approval

‘The Reds’ venue revamp plans greenlighted

Published: April 15th, 2021

The Belgian top-flight football club Standard de Liège was finally given the nod by the concerned... » Read more

MSG Sphere Las Vegas taking shape

MSG Sphere sphere shape to come to the fore

Published: April 15th, 2021

The MSG Sphere at The Venetian (US) will soon start looking more sphere-shaped as 32 massive roof... » Read more

Allegiant Stadium to host 2021 Concacaf final

Concacaf showpiece in ‘Death Star’ kitty

Published: April 15th, 2021

Sports association Concacaf has announced that the Final of the 2021 Concacaf Gold Cup – the... » Read more


Receive global sports venue NEWS twice a week in your inbox