LionRock Set To Take Over Erick Thohir’s Shares At Inter

LionRock Set To Take Over Erick Thohir’s Shares At Inter
January 18, 2019 12:16
( )

In today’s newspaper edition of the paper, Milano based Gazzetta dello Sport supports reports that LionRock Capital, an investment firm based in Hong Kong, is set to take over Erick Thohir’s stake and become Suning’s new partner at Inter.

Daniel Kar Keung Tseung is the head of the investment firm which will buyout the Indonesian’s 31.05% stake. Tseung studied in the United States at Princeton and Havard. He’s now 47 years old and has had a glamorous career with some of the largest companies in the world, both in America and China, as well as  investments dating back to the 90’s.

He’s worked on the boards of many top companies, such as, the Chinese Starbucks division, Gourmet Master, a building material supplier in Ohio, Owens Corning, and also the Chinacast Education Corporation, which trains Beijing’s state executives.

His work in Beijing offers added comfort because not only does his work in the United States display a great amount of experience and contacts but this proves he has a good relationship with the Chinese government as well, which is a necessity when doing business outside of China.

There aren’t any reports outside of China regarding the tycoons personal life, all that is known is that he is a protestant Christian, he is married and has two daughters, one in elementary school and one a bit younger. He enjoys tennis and admires Jeremy Lin, an NBA player of Asian descent who had a few seasons of stardom.

More importantly, the Gazzetta highlights how when he invests into a company, he likes to help as much as possible to help it grow rather than waiting for it to do so naturally and then cash in. A key factor for Inter fans.

LionRock itself was founded in 2011, now with 27 employees and recorded profits of $5.4 million in 2018, according to financial analysts estimates. Karen Lai is the director of investments.

The firm may be based in Hong Kong but it also has a sister company registered in the Cayman Islands. In terms of current investments, in Europe, the company has a stake in Hailo, the company that owns MyTaxi app in Italy and in sports, the firm is already in partnership with Suning as an investor in Suning’s Sports.

Inter is the first football club in its portfolio. Once the deal with Thohir is closed, there will be room for Tseung and one more of his employees on the board of Inter where plans for the future will be discussed and supported by the Hong Kong firm.

 

Luca Corchia
By Luca Corchia

Inter Striker Lautaro Martinez: “Skriniar Is The Best Player I’ve Come Up Against”

February 20, 2019 00:30
( )

Lautaro Martinez has become something of a fans favourite at the San Siro this season amongst the Inter faithful. His determination and desire has had…

Di Marzio Warns That Peace Between Inter & Icardi Is A Long Way Off

February 19, 2019 23:59
( )

Sky Sport Italia are reporting that Giuseppe Marotta and Juventus’ Fabio Paratici did not leave on good terms when the current Inter CEO left the…

Inter Striker Martinez: “We Want To Go Far In Europa League & Close The Gap With Juventus”

February 19, 2019 23:30
( )

Lautaro Martinez spoke to Inter TV today about the season so far, how far Inter can progress during the rest of the season and his…

Wanda Nara Slams Gazzetta Over Report On Inter-Icardi Feud

February 19, 2019 23:00
( )

Milan based sports paper La Gazzetta dello Sport today reported that former Inter captain Mauro Icardi has refused to play again for the club unless…

Inter Striker Lautaro Martinez “Icardi’s Situation? How This Ends Depends On Him”

February 19, 2019 22:30
( )

Lautaro Martinez has shared delight for his recent performances and also spoke on the recent chaos at the club involving close friend Mauro Icardi. “I…

Inter Striker Gabigol Confident Goals Will Come For Him At Loan Club Flamengo

February 19, 2019 22:00
( )

Gabriel ‘Gabigol’ Barbosa has revealed that he is not letting his recent struggles in front of goal, since arriving at Flamengo on loan, get to…