Buying Inter From Suning Is No Longer A Viable Option For Saudi Arabic PIF, Italian Media Report

Buying Inter From Suning Is No Longer A Viable Option For Saudi Arabic PIF, Italian Media Report
October 13, 2021 23:00
( )

Saudi sovereign wealth fund PIF will not buy Inter from Suning according to a report in Italian media.

This from the online edition of Milan-based newspaper Corriere della Sera, who report that the PIF had an interest in attempting to buy the club but that this is no longer a viable option on the table for them.

The PIF had been serious in their interest in buying Inter, but in the meantime they have instead turned their attention to Premier League club Newcastle United which they deemed more viable to purchase.

The Nerazzurri carry a significant budget deficit, having closed last year €245.6 in the red, and given this situation the PIF considered the demand of €1 billion to buy the club to be excessive.

Moreover, the situation with the San Siro is also problematic, given that the approval has yet to be found for the proposed new stadium which would be a priority for the PIF and would have to be built in cooperation with AC Milan and through the cooperation of Milan Mayor Beppe Sala and the City Council.

For these reasons, the Corriere’s report posits that the PIF would be unlikely to buy the club, despite the fact that Suning’s ownership also appears to be precarious given their financial situation.

By Toni Weeler

Video – Lautaro Martinez Sends Message To Inter Fans: “Forza Inter”

October 29, 2021 02:30
( )

Inter striker Lautaro Martinez has filmed a short video of himself addressing the Inter fans having just signed his new contract with the club. The…

Ex-Inter Forward Alessandro Altobelli On Inter’s Scudetto Hopes: “So Far They Are Not On Par With AC Milan & Napoli”

October 29, 2021 00:30
( )

Former Inter striker Alessandro Altobelli has said that Inter are not on the same level as the two teams ahead of them in the table,…

Ex-Inter Defender Lele Adani On Alexis Sanchez Assist vs Empoli: “A Touch Of Absolute Class”

October 28, 2021 23:59
( )

Former Inter defender Lele Adani has praised Alexis Sanchez after his positive performance against Empoli on Wednesday night, according to a report in the Italian…

Two Of Inter’s Chinese Sponsors Cannot Pay The Money They Owe The Nerazzurri, Italian Media Report

October 28, 2021 23:30
( )

Two of Inter’s sponsors from China will not be able to pay their fees to the club in full this year as they are having…

Former Referee Luca Marelli On Empoli Penalty Claim: “The Complaints Are Because Of What Happened In Inter vs Juventus”

October 28, 2021 23:00
( )

Former referee Luca Marelli has played down the seriousness of Empoli’s potential penalty against Inter on Wednesday night in the Serie A match between the…

Inter Admit They Could Be Asked To Provide Extra Information To UEFA For FFP, Italian Media Report

October 28, 2021 22:30
( )

Inter have admitted that they may be forced to hand over additional information than normal to UEFA in relation to Financial Fair Play regulations, according…



to our newsletter