Indonesian billionaire Erick Thohir has become the new majority owner of Inter Milan.
Inter president Massimo Moratti has confirmed that an agreement was signed on Monday night for the sale of 70 per cent of the club's shares to the 43-year-old's consortium.
An official press release has yet to come out of the Italian club, but Moratti was quoted on Italian Eurosport saying that, "Everything has been signed, and there will be an official communication in a few hours.
"This has been a long time coming, but eventually we have gotten there, everything seems to be in balance."
Moratti hinted that he will step down from his role running the club.
“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," he said.
“Now I will try to adapt to a new rhythm.”
Thohir is already part owner of the NBA's Philadelphia 76ers and MLS side DC United.