Thohir explains reasons behind Inter takeover

04 Nov 2013

Internazionale’s new owner, Erick Thohir, has said he invested in the club as he expects Italy’s Serie A to rise in prominence over the coming years.

Inter last month became the second Serie A club to assume foreign ownership after Indonesian businessman Thohir ended his long-running pursuit of the Milan giant by agreeing a deal to acquire a 70% stake for a reported Eur350 million. Explaining his reasoning behind investing in Inter, Thohir said he was sold on the club’s history, along with its potential for future growth.

“If I buy a club which doesn’t have a big name or history, then I lose,” said Thohir, according to Italian newspaper Gazzetta dello Sport. “Why should I buy shares in (English Premier League club) West Ham? With Inter, on the other hand, I have a club with a big name and there were the right conditions to complete the deal, and this represents a big opportunity. This is a club which has a name and a great history in Europe and in the world, and I’m convinced that in the space of two years, the Italian league will be thriving again.”

Inter’s long-serving president Massimo Moratti took over the club in 1995 after his father Angelo was owner during the team’s period of success in the 1960s, when Inter won the European Cup twice. Inter won a historic treble of the Champions League, Serie A and Coppa Italia in 2010, but the club has not won a major trophy since then, finishing a disappointing ninth in Serie A last season. Inter has debts of around Eur300 million and Moratti has long stated the importance of attracting fresh investment into the club. Inter currently sits fourth in the 2013-14 Serie A table, nine points behind leader AS Roma.