Saudi Arabia’s Public Investment Fund (PIF) are ready to choose Inter over Newcastle United, according to a report in the Italian media today.
As per Corriere dello Sport’s print edition, PIF’s governor Yasir Al-Rumayyan has a clear preference for the Nerazzurri now due to the huge margins for growth and the winning structure already in place at the club.
Despite PIF’s interest, BC Partners appear to still have a real advantage to purchase a majority stake from Suning, although the parties’ plans for Inter are different anyway.
Whereas BC Partners want to take control of Inter straightaway, PIF may choose to enter Inter gradually by leaving Suning in charge (as majority shareholders), before eventually becoming the club’s owners with time.
The report from the Rome-based news outlet also claimed that Inter’s new main shirt sponsor could perhaps come from Saudi Arabia and earn Inter €30-35 million a year, with an important signing bonus attached.
Suning have assured they will cover all of Inter’s upcoming payment deadlines on March 31, although the report said the most ‘worrying’ deadlines were those fixed for June 30.
