JAKARTA (REUTERS) - Indonesian tycoon Erick Thohir has held talks with Inter Milan's owner Massimo Moratti about buying a stake in the cash-strapped Italian soccer club, a source close to the Thohir family said, confirming Italian media reports.
The source, who did not disclose financial details, said Thohir travelled to Milan this week to discuss the possible deal. Another source close to the talks also confirmed the meeting took place.
According to financial daily Il Sole 24 Ore, Thohir is ready to table an offer of ¤240 million (S$391 million) for an 80 per cent stake in Inter Milan, valuing the group at ¤300 million, plus provding ¤100 million in funds for the club, which has not won any major trophies since 2010.
Moratti is however not ready to sell a majority interest to Thohir, he was quoted as saying in Italian papers.
"I have not received any offer for a majority stake in the club. We are only getting to know each other," he told Italian daily La Stampa.
"I do not plan to sell the club right now," Moratti told Corriere della Sera.
The source close to the talks said Moratti would prefer to sell a stake of 20 to 30 per cent. But this may not be sufficient to shore up Inter Milan's finances, which is loss-making and has debts of around ¤300 million.
Thohir could not immediately be reached for comment.