According to Milano based newspaper Gazzetta dello Sport, the recent Inter shareholders meeting not only recognized the entry into the Board of Directors LionRock Capital represented by Daniel Tseung and Tom Pitts as new members, but also implemented changes to the Articles of Association.
Some of the innovations that have been introduced include the need for approval by Suning for the sale of shares exceeding 2% by the minority shareholder, the possibility of organizing the shareholders’ meeting away from from Italy, perhaps in China and some more representative power in the management of the internal affairs by the club’s managing directors. It will be necessary, as normal, to have the sign off from the minority shareholder for any capital increases.
The Chinese private-equity fund LionRock Capital recently bought a 31.05% stake in Inter from Indonesian businessman and former club owner Erick Thohir. It is a move by Majority shareholders, Suning, to increase Inter’s revenues and bring them to the forefront of European football.
