Inter Milan sells stake to Chinese investors

Inter Milan has said that a group of Chinese investors is to become its second-largest shareholder.

In a statement, the Italian football club said the group would acquire a stake but that the Moratti family would retain control.
Internazionale Holding also said it would build a new stadium in partnership with a unit of China Railway Construction by 2017.
The Serie A club is looking to increase its presence in Asia.
It is thought that Chinese interests will take a 15% stake in the famous Italian club, which won the Scudetto and Champion's League in 2010.
The financial terms of the acquisition were not disclosed, but there are reports the agreement is worth nearly $70m.
Inter Milan did not confirm the identity of the investors but it is widely reported by Chinese media that China Railway Construction Group is the key player in the deal, said BBC World Service Chinese editor Raymond Li.
The BBC's Alan Johnston in Rome said that the deal is being seen in Italy as just one more sign of the economic times - an Italian institution with money worries turning for help to the limitless resources of a rising China.