Former Inter Milan owner, Massimo Moratti has resigned from his role as Honorary President of the Italian club, ending a 19-year association with the club as a result.
The 69-year old businessman resigned from the club’s parent company Internazionale Holding Srl, which owns 29.5% of the club, along with his son Angelomario who was a director.
According to a statement from the company, ”Internazionale Holding Srl, a company headed by Massimo Moratti and his sons Angelomario Moratti and Giovanni Moratti, communicates today that Angelomario Moratti, Rinaldo Ghelfi and Alberto Manzonetto have each resigned their posts.”
The statement added that ”Massimo Moratti has today resigned as honorary president of FC Internazionale Milano Spa kindly offered him by Erick Thohir in November last year.”
Moratti’s time as owner was characterised by a frequent change of managers, once hiring and firing current Napoli boss Rafael Benitez, Leonardo, Gian Gasperini and Claudio Ranieri within two seasons.
He also infamously replaced multiple league title winner Roberto Mancini with Jose Mourinho two days after the former had won a third successive league title for the club in 2008.
Notwithstanding, Nerazzurri tasted much success in the latter years of Moratti’s ownership, with the club winning five Serie A titles and the UEFA Champions League title in 2010 among other domestic cup titles.