Tribal Football
·11 March 2021
Saudi Arabia's PIF ends all interest in Newcastle to focus on Inter Milan investment
Saudi Arabia's PIF ends all interest in Newcastle to focus on Inter Milan investment | OneFootball
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Saudi Arabia's Public Investment Fund (PIF) are ready to go all in for Inter Milan.
La Repubblica reports PIF have ended all interest in buying Newcastle United and are entering takeover negotiations for Inter Milan with owners Suning.
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PIF were denied an original deal for the Newcastle by local authorities and are now turning their focus to Inter and Italian football.
For Suning, the PIF approach would be preferred to BC Partners because it would be an investment for 30 per cent of the club.
This allows Suning to keep control of Inter, with an agreement in place should the Saudis want to increase their share at a later date.
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