MILAN - Inter Milan club president Massimo Moratti confirmed on Tuesday he has signed an agreement with Erick Thohir, who admitted to have purchased 70 per cent shares of the Italian soccer club.

The takeover by the Indonesian tycoon marks the end of Moratti family's 18-year reign of Inter which started in 1995.

"Everything has been signed, in a few hours there will be a press release," said Moratti who seemed to be in a happy mood.

"Satisfied? Yes, this has been a long time, but eventually we have gotten there, everything seems to be in balance," he said.

Moratti said he will decide whether he will remain as president of the club.

"On the role of President, that does not have to be decided yet, but it will depend only on me. There is all the love, but also the relief of leaving the club to respectable people in terms of their character," he said.

"Now I will try to adapt to a new rhythm," he added.

Thohir also made a brief comment about his recent takeover of the Nerazzurri, hoping this deal has a 'holy blessing' .

"In Indonesia we are celebrating Idul Adha at the moment," he said.

"I hope this deal has received a blessing on this holy day."