Football Journalist Ben Jacobs On Inter’s PIF Takeover: “The Same Hurdles Still Remain”

Football Journalist Ben Jacobs On Inter’s PIF Takeover: “The Same Hurdles Still Remain”
October 14, 2021 12:15
( )

Football journalist Ben Jacobs has explained the current situation around Inter’s chances of being purchased by Saudi Arabian owners, according to a report on social media.

In a Twitter thread, Ben Jacobs explained that he has been asked by a lot of people for some clarity on the situation. The talks apparently first broke down between PIF and Suning due to their €1 billion valuation.

“Talks between Suning and PIF are not new. When they first started, PIF’s original intent was minority investment and the parties have since spoken several times. PIF were put off by Suning’s €1bn valuation and the asking price hasn’t altered.”

Serie A is apparently still of extreme interest to PIF and that is shown by their intent to stage the Italian Supercoppa final which will be played in Saudi Arabia between Inter and Juventus this year. They can see there is potential for growth in Italy.

“Serie A is of huge appeal to PIF. And Saudi has hosted the Italian Super Cup. The long-term rights are up for grabs, too. But I am told a sale is still by no means certain and talks are not particularly advanced or focused.”

Some issues stopped Suning and Inter from progressing too far in their talks in the past, and those issues are still in existence. Steven Zhang is reluctant to sell and Inter are a club with a lot of debt that PIF would have to take on.

“The same hurdles that stopped progress before remain. Price, Zhang’s reluctance to sell and Inter’s debt. The parties are talking again, though. Suning really needed the ESL money and without it could be softened to sell.”

 

By Euan Burns

Football Journalist Ben Jacobs On Inter’s PIF Takeover: “The Same Hurdles Still Remain”

October 14, 2021 12:15
( )

Football journalist Ben Jacobs has explained the current situation around Inter’s chances of being purchased by Saudi Arabian owners, according to a report on social…

Shakhtar Donetsk Defender Serhiy Kryvstov: “Draw With Inter In Champions League Group Stage Logical”

October 14, 2021 12:00
( )

Shakhtar Donetsk defender Serhiy Kryvstov believes that the Ukrainian team’s draw with Inter in the Champions League group stage was a logical result. Speaking in…

Lazio’s Ciro Immobile Fit Enough To Start Serie A Clash Against Inter, Italian Media Report

October 14, 2021 11:30
( )

Lazio striker Ciro Immobile is fit enough to start for the Biancocelesti when Inter visit the Stadio Olimpico on Saturday for their return to Serie…

Inter’s Hakan Calhanoglu Has Not Suffered Injury But A Minor Blow, Italian Broadcaster Reports

October 14, 2021 10:30
( )

Inter midfielder Hakan Calhanoglu has taken on a minor knock while on international duty with Turkey, but it is not an injury. This according to…

Photo – Inter Detail How Squad Members Did On International Duty

October 14, 2021 08:30
( )

Inter’s squad is starting to filter back into preparing for the return to club action, having helped their countries with World Cup qualifiers and other…

Photos – Inter’s Ivan Perisic Pays Tribute To Croatian Fans: “Thank You Osijek”

October 14, 2021 06:30
( )

Inter wing-back Ivan Perisic spent the international break competing in World Cup qualifiers with the Croatian national team, and he was glad to be able…

Close

Subscribe

to our newsletter