Jones Day has advised a group of Indonesian businessman on their purchase of a majority stake in Italian soccer club F.C. Internazionale Milano S.p.A, also known as Inter Milan, for as much as $406 million.
Inter Milan, which owned by Italian oil tycoon Massimo Moratti, has signed a binding agreement with a company controlled by Erick Thohir, Rosan Roeslani, and Handy Soetedjo to acquire a 70 percent stake in the club by way of a dedicated capital increase. The terms of deal have not been disclosed but Italian media have estimated the sale price at between $338 million and $406 million.
