The shareholders’ meeting yesterday approved the new composition of Inter board of directors, introducing two representatives of the new minority shareholder, LionRock Capital, a Hong Kong based fund that will hold 31.05% of Inter. The new members are Daniel Tseung, LionRock founder, and Tom Pitts, Senior Advisor of the company.

“We are very optimistic about the prospects for commercial development of sporting activities: Inter have great potential,” said Tseung. According to the Gazzetta dello Sport, in order for LionRock to sell more than 2% of its shares, they will need approval of Suning.

Source: GdS

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