A spokesperson for the Saudi Arabian Public Investment Fund has suggested that their investment in football clubs can be a positive thing for the entire sport, according to a report in the American broadcast media.
Speaking during a televised interview with CNBC in the United States of America, Saudi Arabia’s finance minister, Mohameed Al-Jaadan, explained the positives behind Saudi Arabian investment.
“If people are worried about the competition between clubs, especially now that we have invested in one of them, it is probably a good thing: the arrival of a serious competitor like us can have beneficial effects on the entire football industry.”
The benefits that Mohameed Al-Jaadan is referring to are the fact that PIF has the financial capability to invest a lot of money into the local area of the club that they choose to purchase.
This is likely what will happen with Newcastle United in the Premier League now that they have been purchased by PIF, and there is a chance that the same fund will attempt to buy Inter in the near future.
Purchasing Inter would mean that the Nerazzurri suddenly have the wealthiest owners of anyone in Serie A.
