Saudi Arabia’s Public Investment Fund (PIF) might have struck upon the right formula to agree a deal with Suning at Inter, according to a report in the Italian media.
As per Italian daily newspaper La Repubblica, PIF could carry out a gradual takeover of Inter by buying a minority stake in the club from Suning, but with an agreement in place that would allow them to increase their stake in the club at a later date.
Such a formula would be welcomed by current Nerazzurri owners Suning, who are aiming to maintain control at the club until the end of the season.
PIF’s desire to invest is demonstrated by the fact that they have taken out various loans in different currencies worth a combined total of 15 billion (the report did not specify what currency), with this money ready to be spent outside the borders of their country.
The cross-border expansion is part of the Saudi fund’s plan to gradually become entirely dependent on oil revenues.
PIF are not alone in being interested in investing in Inter, with British-based fund BC Partners having also been strongly linked with investment in the club.
