Reports have emerged suggesting that negotiations are underway for the purchase of Inter Milan by a wealthy Saudi Arabian family.
Italian news outlet Repubblica newspaper reveals that the imminent swoop has no link with the Saudi Public Investment Fund (PIF).
Recall Major owners Suning Holding had previously emphasized their search for minority shareholders in the club, rather than a complete takeover.
The weekend edition of the Repubblica now indicates that the talks involve a prominent Saudi family, different from the PIF, which acquired Newcastle United in 2021.
The family reportedly initiated contact with Suning representatives in China to express their interest in acquiring the Nerazzurri.
For Suning and Steven Zhang the chairman of Inter, time is of the essence to secure new investors or renegotiate terms to delay the €375 million repayment of a loan from American investment fund Oaktree, including interest.
The repayment deadline is May 20, three years after the loan was provided to the Chinese holding company.
The club is now running out of time, and could speed up processes for the partial acquisition.
Leave a Reply