Milan, Oct 16 (IANS): Inter Milan club president Massimo Moratti says he has signed an agreement with Indonesian billionaire Erick Thohir for the purchase of 70 percent shares of the Italian football club.

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

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

"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 takeover of the Nerazzurri, hoping this deal has a 'holy blessing'.

"In Indonesia we are celebrating Id-ul-Adha at the moment," he said.

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