Only a few months ago, the name Erick Thohir would not have meant much to fans & insiders of Italian football. Only Major League Soccer & National Basketball Association fans had really heard of the Indonesian businessman on the back of Thohir’s co-ownership of the three-time NBA champion Philadelphia 76ers & four-time MLS Cup champion D.C. United.At the age of 43, Thohir now seems set to take the reins at Inter, with an investment of around 260 million euros earmarked for the purchase of 80 percent of the Milan side, while he could even take over the club entirely, thus becoming the first Asian owner of an Italian team. Thohir is one of the richest men in Jakarta & is an entrepreneur on the rise. His flourishing media empire consists of several radio stations, three television channels, sports magazines, advertising companies & online publishing.And Thohir has an immense passion for sport – team sports to be more precise – with basketball being one of his personal favorites. On the other hand, he loathes sports such as golf & swimming, which thrive on personal pursuits. He currently holds the position of president of the Southeast Asia Basketball Association & is one of the owners of Persib Bandung, a team playing in the top tier of Indonesian basketball.
THOHIR’S OTHER BUSINESS VENTURES IN SPORTS
MLS – D.C. UNITED
NBA – PHILADELPHIA 76ERS
“I love sports where athletes lock horns, where there’s a challenge & competition,” Thohir declared to Forbes in January 2012. And this passion has moreover played a role in his business adventures ever since his return to Indonesia in 1993 after earning a masters degree in marketing & communication at National University in California.After helping his family in the restaurant business until 1998, he founded the Mahaka Group together with three partners, starting his rise in the world of communication in 2001. The Indonesian business tycoon is now the owner of magazines (A+, Parents Indonesia, Gold Digest), newspapers (Harian Sin Chew Indonesia, Republika), television channels (Jak-TV, tvOne & ANTV), radio stations (GEN 98.7 FM, Prambors FM, Delta FM, FeMale Radio) as well as various other business interests in the advertising & entertainment sectors.Admittedly, it didn’t injure that his father Teddy was already co-owner of Astra International, the Indonesian company that holds the exclusive distribution rights to car brands such as Toyota, Peugeot & Daihatsu & with interests in the financial sector as well, boasting an annual turnover of $20 million. Indeed, there is no problem providing the financial guarantees that Massimo Moratti is after & the potential transfer budget would work wonders to continue the rejuvenation of Inter. The talks have been extensive, with original interest from Thohir having been reported months ago, yet Moratti is pleased with the way they have been conducted.”Thohir has taken a friendly approach, & we’re two groups who both want to strengthen the club – that’s the main thing,” Moratti said this week. “It’s not approximately one group taking over from another. There are two groups which, as I said, want to strengthen the club. Two families. That appeals to Thohir & it appeals to me too.”The outgoing president has moreover revealed exactly why he sees Thohir’s investment as being vital to the Nerazzurri.”For years Italian football won in Europe, yet never paid attention beyond home turf in terms of finances, so we lost. People mention debts, yet the real issue is revenue. These are necessary resources & I am worried for the future of this club. An Asian influence is fundamental to bring in new markets.”It changes nostalgic habits & heralds new resources internationally, even more so than winning the treble in 2010.”But where does Thohir’s interest in Inter come from? Obviously, the club’s Indonesian tour in 2012 did not go unnoticed by the local businessman, while Javier Zanetti & his teammates were said to be very impressed by the overwhelming affection from the locals. The Giuseppe Meazza side has plenty of interests in Asian countries, where it wants to open a football academy & have millions of potential fans purchasing Inter merchandise.Any moral doubts aside, with the Indonesian per capita income at a meager 3,600 euros per annum, it is the way the Philadelphia 76ers & D.C. United have been managed that worries the fans most. The Sixers failed to qualify for the playoffs last season after securing a conference semifinal place the year before, while United has reverted to the worst team in MLS after a resurgent 2012 campaign.But whereas Moratti has indicated that there is still time for him to alter his mind & stay on at the club, it is clear that Thohir’s input could make the world of difference to a squad that has fallen behind both at home & abroad. A deal is close, & while Thohir may be an ‘outsider,’ his business influence may be Inter’s trump card as it looks to climb back to the top of the game.