November 15, 2013 / 2:47 PM / 4 years ago

Soccer: Indonesians pay 75 million euros, take on debt for Inter stake

MILAN (Reuters) - Indonesian investors paid 75 million euros ($101 million) and took on all of Inter Milan’s 180 million euros debt in exchange for a 70 percent stake in the Serie A soccer club, former owner Massimo Moratti said on Friday.

Inter Milan's new chairman Erick Thohir (L) smiles beside honorary chairman Massimo Moratti during a news conference in Milan November 15, 2013. Inter Milan said on Friday Indonesian business tycoon Thohir had been appointed as new chairman of the Serie A club, bringing an end to the reign of former owner Moratti. REUTERS/Alessandro Garofalo

The International Sports Capital consortium, owned by business tycoon Erick Thohir and his two Indonesian partners Rosan Roeslani and Handy Soetedjo, carried out a 10 million euro capital increase to take over the club.

Another 65 million euros was paid as a premium on the shares bought to reach a 70 percent stake, a source close to the club said.

The deal values the club at around 350 million euros, the source said.

($1 = 0.7430 euros)

Reporting by Stephen Jewkes; Writing by Agnieszka Flak

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