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Inter Milan’s Chinese Collaboration

photo from clbuzz.com After Juventus, Inter Milan looks forward to building a new stadium which they can call their own, expects to be completed by 2017. The team currently shares the San Siro stadium with city rival

photo from clbuzz.com

After Juventus, Inter Milan looks forward to building a new stadium which they can call their own, expects to be completed by 2017. The team currently shares the San Siro stadium with city rival AC Milan, which is owned by the family of former Italian Prime Minister Silvio Berlusconi. 

Inter Milan said in a statement on its website late yesterday that it had sold a stake to an unidentified Chinese investor group, which will become its second-largest shareholder. Financial terms weren’t disclosed. China Railway, one of the identified new partners, China Railway will work with the football team’s other new Chinese investor group partners to build a new stadium. Inter President Massimo Moratti has spent several months seeking new investors to bolster the club’s finances, newspapers including Corriere della Sera have reported.

According to reliable source, the new stadium will be 2.5 kilometers (1.5 miles) from San Siro on the site of the 2016 Milan Expo, and will seat 60,000 people. Inter also said in its statement that it would work with a unit of China Railway Construction on selecting potential locations for the stadium, defining the project team and on seeking approvals in the months ahead.

Read more on Juventus’s new stadium, click here.

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