Moratti: Negotiations with Erick Thohir still 'ongoing'

The Inter Milan president wants the Indonesian businessman to finalise takeover talks despite previously stating that he did not want to sell a majority stake
Inter Milan president Massimo Moratti has revealed that negotiations to sell shares to Indonesian businessman Erick Thohir are ongoing.

This is despite Moratti previously stating that he does not want to sell a majority stake in the club, while Thohir is reportedly looking for full control of the Serie A side.

"Thohir? Our talks are still ongoing, and both parties want to finalise it," Moratti told Corriere dello Sport after a meeting on Wednesday.
"We want to do something positive for Inter. I do not know [whether the negotiations will be completed by July]."

Moratti also admitted that the club have paid the price for failing to make it to the Champions League.

""We have reduced the cost of salaries up to €80 million," he said.

"Our finances have increased, although not as good as if we were playing in the Champions League."

Basketball fan Thohir has built his fortune through the media industry with companies dealing in magazines, newspapers, television and radio.

He is currently the president of the Southeast Asia Basketball Association, and also has a majority share in Major League Soccer side DC United. Naturally, Thohir also has stakes in basketball teams: the Philadelphia 76ers in the NBA, in addition to local sides Satria Muda BritAma Jakarta and the Indonesia Warriors.

Thohir is so far the only one to have made a concrete offer to Inter, who require funds to clear debts and for the possible construction of a new stadium.