Inter Milan sells stake to China investors

  • Inter Milan has announced that a group of Chinese investors is set to become its second-largest shareholder.

    The Italian soccer club said the group would acquire a stake, adding that the Moratti family would retain control.

    The move comes as the Serie A club seeks to boost its presence in Asia.

    It is believed the Chinese interests will take a 15 percent stake. 

    Inter Milan has not confirmed the identity of the investors but according to Chinese media reports, China Railway Construction Group will be the key player in the agreement.

    The deal is thought to be worth nearly $70 million.