Saudi Arabia’s Public Investment Fund (PIF) is in talks with Suning over getting involved at Inter, a report in the UK has confirmed.
As per The Sun last night, PIF have shifted their attention from Newcastle United to Inter and are in talks with the owners of the cash-strapped Nerazzurri club, who are valued at around £850 million (approximately €992 million).
Inter are currently owned by Chinese e-commerce giants Suning, with the report saying they are desperate to sell the club, who have debts totalling £650 million (approximately €750 million).
A source has told The Sun that PIF made an approach for Inter a week or so ago and have plenty of financial muscle to take over Inter’s debts.
Inter are top of the Serie A and will be in the new Champions League and in short the club ticks a lot of boxes for PIF, who appear to have given up on the idea of buying Newcastle United.
PIF withdrew their £340 million (approximately €397 million) bid to buy Newcastle United last July after a dispute with the Premier League over who would own the club should the takeover happen.
The Premier League believed PIF were controlled directly by the Saudi state, but Newcastle do not agree.
