The role of private capital in European football teams took another step this week when a Hong Kong-based private equity group called LoinRock Capital bought a minority stake in Inter Milan, one of Italy’s best-known football clubs. The stake is likely to dovetail with the private investments of one of China’s wealthiest individuals, who bought a majority stake in Inter in 2016. Zhang Jindong is linked to Suning Group and bought his stake in Inter with an investment group he set up in Luxembourg.
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