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Thohir finalises Inter Milan takeover

Thohir's International Sports Capital company (ISC) has purchased a majority 70 per cent stake in the Serie A club, ending months of negotiations between the entrepreneur and club owner and president Massimo Moratti.

Talks between Thohir and Moratti looked to have hit a snag over the 43-year-old's wish to buy a 100 per cent stake in the San Siro outfit.

The apparent stalemate has now come to an end, though, with the two parties reaching an agreement that ends Moratti's 18-year reign at Inter.

A statement on the club's official website read: "F.C. Internazionale Milano S.p.A. ("Inter") and its majority shareholder Internazionale Holding S.r.l., wholly controlled by Massimo Moratti, have signed a binding agreement whereby International Sports Capital ("ISC"), a company indirectly owned by Erick Thohir, Rosan Roeslani and Handy Soetedjo, three prominent Indonesian businessmen, will become the controlling shareholder of Inter with a 70 per cent stake by means of a dedicated capital increase."

"Today is a truly special day in my life. I am honoured that Mr Moratti has entrusted me with the responsibility to lead Inter into the next chapter, and I am excited to have him continue in the future as my partner," he said.

"I am an entrepreneur, but first of all I am a supporter and a sports lover. I cannot wait to put our passion and international experience at the service of this fantastic club and its supporters."

"I think Inter history is going to be enriched by a new season thanks to our new international partners who, I am sure, will contribute to a continued string of successes," he commented.