Saudi Arabia’s Public Investment Fund (PIF) are aiming to acquire a 30% stake in Inter, according to an Italian media report today.
As per Gazzetta dello Sport’s print edition, the fund, who are headed by Saudi royal family member Mohammad bin Salman, are interested in taking over 30% of shares in the Nerazzurri, which Suning value at around €300 million.
Suning, who are determined to remain in charge of Inter, recently sold 23% of Suning.com for €1.9 billion and this influx of cash has reduced the urgency to evaluate offers for the club.
BC Partners and Fortress have also shown a concrete interest in investing into Inter, but an eye should be kept on PIF.
The Milan-based publication go on to explain that obtaining a stake in Inter would be a strategic move in the diversification of the Saudi economy.
Milan is considered as a central city in their ideas for expansion for luxury and culture, so much so that a few years ago a group of Saudi individuals tried to join La Scala’s board of directors.