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Thohir invested in Visi as a partner of Anindya Bakrie, son of Aburizal.
FORBES: Indonesia's Bakrie Clan Prefers Coal Mines To Television Stations
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The Bakries are reportedly prepared to sell Visi Media Asia, which runs two Indonesian TV channels, in order to raise more capital.
FORBES: Boardroom D-Day In London For Indonesian Coal Tycoon Bakrie
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In Visi Media Asia, Erick joined with Anindya and Rosan.
FORBES: Indonesian Erick Thohir's High-Profile Sports and Media Moves
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As the clock ticks on a restructuring of an ill-fated UK-listed venture, the Bakries may be preparing to sell down Visi Media Asia, a television firm which they hold a majority stake.
FORBES: Indonesia's Bakrie Clan Prefers Coal Mines To Television Stations
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Reuters reported Friday that Visi is on the block and that the Bakries are seeking a hefty premium over the stock price, which promptly rose 9% to IDR610 in Monday trading.
FORBES: Indonesia's Bakrie Clan Prefers Coal Mines To Television Stations
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His quest to invest into U.S. sports teams started two years ago with a joke with his friend, his business partner Anindya Bakrie, son of tycoon Aburizal Bakrie and partner in Visi Media.
FORBES: Move up http://i.forbesimg.com t Move down
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For example, the listed PT Visi Media Asia (known as Viva), in which his family firm is a shareholder and he is president director, will also create a new sports channel called Sports One.
FORBES: Move up http://i.forbesimg.com t Move down
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Anindya along with Erick built Viva off a failed TV station Lativi that they bought in 2008, changing the name to TvOne the next year (the holding company PT Visi Media Asia was set up in 2007).
FORBES: Indonesian Erick Thohir's High-Profile Sports and Media Moves