Suning group takes over Inter

Suning Commerce Group Ltd. has announced that it will buy nearly 70% share in Serie A club Inter. Chinese giant retailer company purchased 68.55% stake in the team while previous owner, Indonesian businessman Erick Thohir remains president with a reduced 31%. The conglomerate company also took over Inter's debt of 230 million euros plus a 100 million million loan from Thohir.