Selling the Shares, Erick Thohir Is No Longer Inter Milan President

DBasia.news –  The Hong Kong company LionRock Capital bought Erick Thohir’s shares in Inter Milan. It means Thohir won’t be the President of Inter ay longer.

“FC Internazionale Milano S.p.A announces that LionRock Capital has reached an agreement with International Sports Capital HK Limited to acquire their 31.05% shares in the Club. Thus, LionRock Capital becomes the new minority shareholder in Inter,” said the statement.

“The Club welcomes LionRock Capital to the Inter family and expects them to assist and support Suning in bringing further success to Inter both on and off the pitch.”

” The Club extends its appreciation to Erick Thohir for his past contributions and wishes him every success in the future,” the statement continued.

LionRock is the company built by the American-Chinese businessman, Daniel Kar Keung Tsung, who has been conducting the business for 25 years in China and Southeast Asia. LionRock was established in 2011 in the economic sector.

Keung Tseung also said his company is in line with Inter’s development in the future, to bring back the victory for the 18 Scudetto winner.

“We are very optimistic about the business development prospects of all sports-related activities and with over 110 years of history and global influence in the football area, FC Internazionale Milano has exciting future development potential,” Keung Tseung said.

“LionRock Capital will fully support Inter’s key objective to make the Club one of the world’s top football clubs both on and off the pitch,” he emphasized.

Thohir has been leading Inter for more than five years since purchasing the majority shares from Massimo Moratti in 2013. In 2016, he sold the majority shares to Suning Group. Now, boss Steven Zhang becomes the new supremo in Inter. Thohir at least gained 150 million euro (Rp2,4 trillion) for the shareholder.