China snaps up Italy's Inter Milan in European soccer shopping spree
illustrious / ɪ'lʌstrɪəs / adj. 著名的,杰出的;辉煌的 TEM8
stake / stek / n. 桩,棍子;赌注;火刑;奖金CET4
popularity / ,pɑpju'lærəti / n. 普及,流行;名气;受大众欢迎
partnership / 'pɑrtnɚʃɪp / n. 合伙;CET6
massive / 'mæsɪv / adj. 大量的;巨大的,厚重的;魁伟的 CET4
China just can't get enough of European soccer teams.
Chinese retail giant Suning Holdings is buying a majority stake in illustrious Italian club Inter Milan for 270 million euros.
It's the latest big investment from the world's second biggest economy into Europe's high-profile soccer teams -- and more could be in the pipeline. Chinese companies in general have been on a deal-making tear so far this year, buying up foreign companies at a record rate.
Inter Milan's former president Massimo Moratti has sold off his stake to Suning, which will now hold nearly 70% of the team. The remaining 30% will be held by International Sports Capital, which is owned by Erick Thohir. The partnership is "a game changer for Inter Milan," said Thohir. "The popularity of the game, particularly in Asia and China, is going through a period of massive growth."