Moratti quits Inter after 19 years

The former owner of the Milanese giants has announced his decision to leave the club after almost two decades

Massimo Moratti has ended his 19-year association with Inter by resigning as the club’s honorary president.

The former president, who sold a 70 per cent stake in the club to Indonesian media magnate Erick Thohir in October 2013 and passed over the presidency to the new owner the following month, has announced his decision to step aside in a statement which also confirmed the exit of his one of his sons, as well as two close allies.

“Internazionale Holding Srl, a company owned by Mr Massimo Moratti and his sons, Mr Angelomario Moratti and Mr Giovanni Moratti, and which holds a stake of 29.5 per cent in FC Internazionale Milano Spa, announces that Mr Angelomario Moratti, Mr Rinaldo Ghelfi and Mr Alberto Manzonetto each individually resigned today from their posts as directors of FC Internazionale Milano Spa,” read a statement.

“Internazionale Holding Srl also announces that Massimo Moratti has today resigned as honorary president of FC Internazionale Milano Spa, a position kindly offered to him by Mr Erick Thohir in November last year.”

Moratti took the reins at Inter in 1995, succeeding Ernesto Pellegrini as president, and the club won an unprecedented treble of Champions League, Serie A and Coppa Italia as recently 2009-10. In total, the Nerazzurri collected five league titles, four domestic cups, four Supercoppe Italiana, a Uefa Cup and the 2010 Club World Cup under Moratti.

However, financial restraints brought on by Uefa’s Financial Fair Play regulations resulted in a period of struggle for Inter, leading Moratti to sell to Thohir in 2013.

The 69-year-old was in the news earlier this week after claiming that Walter Mazzarri could be living on borrowed time at San Siro, only for the coach to blast back: “I don’t have time to think about what Moratti says, I don’t even want to waste energy answering him.”

Inter host Saint-Etienne at the Giuseppe Meazza on Thursday in the Uefa Europa League having so far racked up two wins from two in Group F.

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