"Questa notte splendida darà i colori al nostro stemma: il nero e l'azzurro sullo sfondo d'oro delle stelle.
In 1929, incoming president Oreste Simonotti decided to change the club's name to Associazione Sportiva Ambrosiana and restored the original black-and-blue striped jerseys.
Supporters, however, continued to call the team Inter, and in 1931 (after the reconstitution of U.S. Milanese), new president Pozzani caved in to shareholder pressure and changed the name to Associazione Sportiva Ambrosiana-Inter.
His first-squad was made up by fullbacks Tarcisio Burgnich and Giacinto Facchetti; sweeper Armando Picchi; playmaker Luis Suárez; winger Jair; left midfielder Mario Corso; and Sandro Mazzola, who played the inside-right.
Star playmaker Luis Suárez would miss the match due to an injury and Sandro Mazzola's penalty was not enough to stop Celtic from winning the title.
Led by the German duo of Andreas Brehme and Lothar Matthäus and the Argentine Ramón Díaz, Inter captured the 1988–89 Serie A championship.
Fellow German Jürgen Klinsmann and the Italian Supercup were added the following season, though Inter failed to defend their Serie A title, finishing in third place behind champions Napoli and city rivals Milan, respectively.
Moratti later became a target of the fans, especially when he sacked the fan-favourite coach Luigi Simoni after only a few games into the 1998–99 season after having just received Italian manager of the year award 1998 the day before his termination.
Other signings included Italian and French legends Angelo Peruzzi and Laurent Blanc, respectively, together with other former Juventus players Christian Vieri and Vladimir Jugović.
Inter impressed in the SItalian SuperCup match against Lazio and took the lead through new signings Robbie Keane and Hakan Şükür, though they ultimately lost 4–3.
Other Inter personnel that suffered during the club's struggles were Christian Vieri and Fabio Cannavaro, both of whom had their restaurants in Milan vandalised after defeats to the Rossoneri.
Maintaining just a one-goal advantage over Lazio at Rome's Stadio Olimpico in the last match of the season would see-off second- and third-placed Juventus and Roma, respectively.
Inter's only saving grace in 2003–04 was the arrival of Dejan Stanković and Adriano in January 2004, making up for the departures of Clarence Seedorf and Hernán Crespo respectively.
Inter were awarded the 2005–06 Serie A championship as they were the highest-placed side in the season's final league table after points were stripped from Juventus and Milan, who were punished in the Calciopoli scandal that year.
The 2–5 away win at Catania on 25 February 2007 broke the original record of 15 matches held by both Bayern Munich and Real Madrid from the "Big 5" (the top flight leagues in Italy, England, Spain, France and Germany).
A late collapse leading to a 2–0 defeat with ten men away to Liverpool on 19 February in the Champions League, however, threw into question manager Roberto Mancini's future at Inter, and domestic form took a sharp turn of fortune, with the team failing to win in the three following Serie A games (drawing with Sampdoria and major league opponents Roma, before losing away to Napoli, their first domestic defeat of the season).
Inter sealed their third championship in a row and had a late night celebration at San Siro upon their return to Milan, where they were presented with the Serie A trophy.
[4] On 2 June 2008, Inter announced on their official website that they had appointed former Porto and Chelsea boss José Mourinho as new head coach, with Giuseppe Baresi as his assistant.
In winning the league title for the fourth consecutive time, Inter joined Torino and Juventus as the only teams to do this and the first to accomplish this feat in the last 60 years.
Inter enjoyed more luck in the 2009–10 Champions League, managing to progress to the quarter-finals by eliminating Mourinho's former team, Chelsea, in a 3–1 aggregate win; this was the first time in three years that the Nerazzurri had passed the first knockout round.
[10] By winning the Scudetto, Coppa Italia and Champions League in a single season, Inter completed The Treble, becoming the first-ever Italian team to achieve the feat.
On 15 March 2011, Inter had a memorable 3–2 Champions League away victory over Bayern Munich at the Allianz Arena in the round of 16 after losing the first leg at home, but lost in the quarter-finals against Schalke 04.
The club in the 2011–12 season finished as sixth, a quarter-finalist in Coppa Italia, lost in the Supercoppa Italiana, and Champions League knockout phase.
On the same day, Inter announced an agreement was formed with China Railway Construction Corporation Limited for a new stadium project, however, the deal with the Chinese eventually collapsed.
On 15 October 2013, Indonesians Erick Thohir, Rosan Roeslani and Handy Soetedjo signed an agreement to acquire 70 percent of Inter shares with an acquisition value of $501 million.
a company owned by Zhang Jindong, co-founder and chairman of Suning Commerce Group, acquired a majority stake of Inter Milan from Thohir's consortium International Sports Capital S.p.A. and from Moratti family's remaining shares in Internazionale Holding S.r.l.
[32] Following Atalanta's draw against Sassuolo on 2 May 2021, Internazionale were confirmed as champions for the first time in eleven years, ending Juventus' run of nine consecutive titles.
[41] On 18 January 2023, Inter won the Supercoppa Italiana, defeating Milan 3−0 at King Fahd International Stadium, thanks to goals from Federico Dimarco, Edin Džeko, and Lautaro Martinez.
In July 2023 Inter sold for 50 million € goalkeeper Andre Onana to Manchester United, acquired the prior season for free, like Hakan Calhanoglu in 2021, Henrikh Mkhitaryan in 2022 and Marcus Thuram in 2023.
[45] On 22 May 2024, Oaktree Capital Management assumed ownership of Inter Milan following the default of Suning Holdings Group on a substantial loan given in May 2021 to the club in order to cover losses incurred during the COVID-19 pandemic.