On 1 August 2012, the club announced that Moratti was to sell a minority interest of the club to a Chinese consortium led by Kenneth Huang. 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. The 2012–13 season was the worst in recent club history with Inter finishing ninth in Serie A and failing to qualify for any European competitions. Walter Mazzarri was appointed to replace Stramaccioni as the manager for 2013–14 season on 24 May 2013, having ended his tenure at Napoli. He guided the club to fifth in Serie A and to 2014–15 UEFA Europa League qualification.