Moratti hints at selling Inter Milan stake
Print Edition
Former Inter Milan owner Massimo Moratti may sell his minority stake in the Serie A giant after indicating he no longer feels wanted at the club.
Petroleum tycoon Moratti, who was president and owner when Inter won a league, Cup and Champions League treble in 2010, has held an honorary president鈥檚 role after selling a 70 percent stake to Indonesian Erick Thohir in November 2013. But Moratti gave the biggest indication yet he could be about to cut his family鈥檚 decades-old ties with the club and sell his 29.5 percent share after a shareholders鈥 meeting on Monday. The remaining 0.5 percent share is held by other, minority shareholders.
鈥淲hen you鈥檙e useful, or even better, necessary, you stay. But when you realize that outside of the affection and niceness there鈥檚 nothing, it鈥檚 best to do something else,鈥 Moratti said.
Moratti on Sunday confirmed reports from last week that his stake was up for sale. Following Inter鈥檚 scoreless draw at home to champion Juventus, he said, 鈥淢y stake is always available to the shareholders.鈥
But there are conflicting reports as to who could step in. Thohir and Etihad Airways have already been touted as possible purchasers of Moratti鈥檚 stake, although the club remains coy on the reported involvement of the Emirati company.
Reports claimed Etihad would replace Pirelli as the Serie A giant鈥檚 new shirt sponsor, with a five-year deal worth 125 million euros (US$125 million) in the pipeline. If it goes through, it would be a huge boost to Roberto Mancini鈥檚 side. Inter currently earn 12 million euros a season with tire giant Pirelli.
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