After buying a majority stake in Newcastle, Saudi investment fund PIF is reportedly ready to invest €1 billion to acquire Inter, but sources close to the Nerazzurri deny reports that the club will be sold.
According to Libero newspaper, talks between Suning and the Saudi investment fund are at an advanced stage.
PIF has just acquired 80% of the shares in the Premier League club for circa €350m and according to the report, it is now ready for a bigger investment.
Negotiations with Suning had begun last year, but were put on hold with the announcement of the Super League in April.
Now, the two parties are negotiating again and, according to the report, there was a meeting on September 15, on the same day of Inter’s Champions League clash against Real Madrid.
An offer in the region of € 1 billion is on the table and the Zhang family is reportedly ‘tempted’ to accept it given the dire financial situation of Suning and, therefore, the Serie A club.
However, La Repubblica correspondent Franco Vanni provided an update on Twitter, writing that sources close to the club deny Inter will be sold.
“Some say ‘there is nothing’ while others go with: ‘Perhaps it’s just a rumour to push the Newcastle deal,'” Vanni wrote.
Earlier in May, Suning completed a financing operation for a €275m loan from Oaktree Capital for Inter, with three years to pay it back.
Visto che sto ricevendo più messaggi che al mio compleanno, ve lo scrivo qui: non ho conferme sull’offerta di Pif per l’Inter. Solo smentite
Si va da “non c’è niente” a “saranno voci messe in giro per aiutare l’affare Newcastle”
Ovviamente questo non significa che non sia vero
— franco vanni (@franvanni) October 13, 2021