Indonesian tycoon takes control of Inter Milan

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Indonesian businessman Erick Thohir has acquired a majority stake in Inter Milan, club president Massimo Moratti confirmed on Tuesday.

"We have signed with Thohir," Moratti said. "The history of Inter welcomes a new season.

"The enthusiasm and pragmatism of new partners are a guarantee for the future."

The club said in a statement that Thohir and his International Sports Capital (ISC) group had acquired a 70% stake in the club.

Thohir said: "I'm honoured that Massimo Moratti has entrusted me with the responsibility of guiding Inter to a new chapter, and I am very happy that he continues to be present as my partner."

The Indonesian billionaire said he had bought "one of the most respected clubs in the world ... I am an entrepreneur, but above all a tifoso and sports lover. I'm eager for us to put our passion and international experience to the service of this fantastic club."