Chinese retail giant Suning has bought a majority stake in Italian Serie A club Inter Milan.<br /><br />The announcement was made by company Chairman Zhang Jindong at a glitzy news conference on Monday in the eastern city of Nanjing, where Suning is based.<br /><br />Suning already owns the Jiangsu Suning club in the Chinese Super League and hopes to boost the level of the domestic game by tapping into Italy's extensive football expertise.<br /><br />The deal leaves International Sports Capital as the sole minority shareholder at Inter Milan, with Indonesian businessman Erick Thohir retaining his position as president.<br /><br />Internazionale Holding will give up its share and former President Massimo Moratti will leave the club.<br /><br />Full details of the sale have not yet been provided, although Chinese news reports said Suning was buying about 70 per cent of the club's equity.<br /><br />Please like the video and share wherever you can!<br /><br />To make sure you don't miss any of my videos<br />on this and my other channels please :<br /><br />Subscribe to this channel : http://bit.ly/BeanymanSportsSub<br /><br />Follow me on Twitter : http://www.twitter.com/Beanyman62<br /><br />Check out my website : http://www.beanyman62.com<br />With every video I upload here : http://bit.ly/SiteVideos<br /><br />Like me on Facebook : https://www.facebook.com/beanyman62<br /><br />Follow me on Google+ : http://google.com/+BeanymanSports<br /><br />Thanks
