Published On: Mon, Aug 12th, 2013

Moratti: Inter takeover ongoing

Massimo Moratti - Internazionale chief has publicly announced the final sale of his club will proceed into the second half of August.

Indonesian businessman is reportedly close to buying majority stakes in the Milan club after months of negotiations between the two sides.

However according to Moratti, the deal is not yet done and talks will continue into mid-August.

“To close the deal we need to agree on everything,” the oil baron stated outside of his offices in Milan. “There’s talk of continuing after mid-August.

“There are some things which are definitely still pending. I believe we’ll proceed by continuing to exchange information. The lawyers know more about it than I do, so I wouldn’t know what to tell you.

“Right now everything is tied to something else, so it all still has to be evaluated and examined. Then in the end we have to come to a general agreement.”

There are reports that Moratti will stay on as president of the club if the takeover is completed, while former boss Leonardo could be brought in as the new sports director. However Moratti didn’t expand on those reports.

“Will I still be president? We’ll see what is necessary for the club. As for Leonardo, right now it’s not something being discussed. Nor do I believe he’s been contacted by anyone else.”

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