Suning buys 70% share in Inter Milan for US$300M

0 Comment(s)Print E-mail Xinhua, June 6, 2016
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China's retail giant Suning Group has owned 70 percent stake in Italian football club Inter Milan, a deal worth 270 million euros, Suning group announced on Monday.

Suning, one of the largest Chinese electronics retailers, already splashed millions of dollars on its Chinese Super League team which boasts stars like Brazil's Alex Teixeira and former Chelsea midfielder Ramires.

The Jiangsu-based company, which owns Chinese online content platform PPTV, has also expanded its presence in the sport by forging ties with Spanish champions FC Barcelona and England's Liverpool FC.

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