Inter Milan bought by Saudi investors?
Inter Milan could undergo an assault from Saudi investors according to transalpine media.
After the takeover of Newcastle United, Saudi Arabia’s Public Investment Fund (PIF) could become the new owner of Serie A club Inter.
The financial troubles of the Nerazzurri are well known and recently announced a record loss of 245.6 million euros for the 2020/21 financial year.
At the same time, coach Antonio Conte participated just weeks after winning the club’s first Scudetto in 11 years, and Romelu Lukaku and Achraf Hakimi were also sacrificed to ensure financial stability.
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According to the Italian newspaper Libero, the two sides – PIF and Suning – met during the Champions League match between Inter and Real Madrid, in order to reach an agreement.
The PIF buys Inter for one billion euros from the Chinese company Suning, itself in financial difficulty following the COVID-19 pandemic.
However, the journalist who broke the news, Federico Strumolo, took to Twitter to reiterate that the deal is not final and that he has only passed on the information given to him.