Suning To Soon Own 100% Of Inter’s Shares, Steven Zhang To Be Appointed President

Suning To Soon Own 100% Of Inter’s Shares, Steven Zhang To Be Appointed President
October 13, 2018 15:30
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Milano based newspaper Corriere della Sera report in today’s newspaper that Suning is ready to own 100% of Inter by taking over the shares that are currently held by Erick Thohir.

Discussions are finally coming to a close after nearly a year of negotiations Corriere report stating that: “The Indonesian tycoon will eventually cash in on a figure close to €200 million, recording a capital gain of about €157 million. Everything is almost done, but it will not be made official before October 26 at the earliest, when the annual shareholders’ meeting will be held. During that meeting, the current board of directors will be re-elected and Steven Zhang, who has recently returned to China to discuss these events with his father, Zhang Jindong, will be appointed as Inter’s new President, replacing Erick Thohir.”

These negotiations have been ongoing for a long time as both parties have been looking to find a satisfactory resolution. Suning have been ready to take full control of Inter but have been working on coming to an agreement with Erick Thohir who now leaves the club entirely.

Mazen Bahnassy
By Mazen Bahnassy

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