MILAN: Internazionale president Massimo Moratti has confirmed that Indonesian businessman Erick Thohir has reached an agreement to acquire a majority share of the Serie A club.

After months of negotiations between the two parties, the deal was completed today. Thohir is also a stakeholder in the NBA’s Philadelphier 76ers and the Major League Soccer franchise DC United, as well as two basketball teams in Indonesia.

Moratti has held the Inter Milan ownership since 1995, when he took over from Ernesto Pellegrini. But the Moratti had been effective owners of the club for more than 50 years.

He said: “Everything has been signed, in a few hours there will be a press release. Satisfied? Yes, this has been a long time, but eventually we have gotten there, everything seems to be in balance.

”On the role of President, that does not have to be decided yet, but it will depend only on me. There is all the love, but also the relief of leaving the club to respectable people in terms of their character. Now I will try to adapt to a new rhythm.”

Inter won the Champions Cup for the first time in 1964 under the presidency of Angelo Moratti, Massimo’s oil magnate father.