The International Business Times claims the Saudi fund PIF – who already purchased Newcastle United – will buy Inter from Suning for $1 billion (€884.109m) over the next few days.

It is hardly the first time that there have been reports of interest from the Saudi Arabia Public Investment Fund in the Serie A reigning title holders.

The IBT reports the deal is already done and the paperwork will arrive at the Inter headquarters over the next few days.

It is suggested the cost of the operation is a massive $1 billion, approximately €884.109m, or £744.56m.

This comes just days after Suning announced their debt crisis is easing, but it is well known the Chinese business have been seeking new investors for some time.

Inter’s owners Suning: ‘Debt problem has gradually stabilised’

Inter are reportedly running at a loss of €13m per month, despite selling stars like Romelu Lukaku and Achraf Hakimi.

PIF already completed the controversial takeover of Premier League club Newcastle United in October.

It is part of a wider plan for the Saudi authorities to become a main player in the world of sport and specifically football.

PIF are also said to be in talks to purchase Ligue 1 side Olympique Marseille and an undisclosed Brazilian top flight team.

36 thought on “Report: PIF ready for $1 billion Inter takeover from Suning”
  1. Thank God it’s not Milan. That would’ve made me sick. They might be flushed with cash but not everything is about money. I would take cheap American owners over rich Saudis any day of the week.

    How Fifa, UEFA and the world of football in general allow these people to buy their way into it is beyond me, specially since fair play, peace and fighting racism are their main slogans.

  2. Hopefully it wont happen.

    Companies like PIF, not to mention the Saudi government, represents much of whats terribly wrong in the world today.

  3. Who cares if its straight up suspected murderers, money is all that matters jow the game lost its soul long ago its too late to care anynore. Sell to the highest bidder. You think suning is clean? Bahahah

  4. @Asian Fan:
    The only thing peeing in its pants is your poor grammar and spelling.

    Not sure this is good for Inter but neither is an operating loss of 13mil/month. Time will tell.

  5. No @Asian Fans we have seen your club gone through the whole of Asia. First in Indonesia, then to China and now onto the Middle East. What next in 3-5 years time? Let me guess the Russians. PIF are only interested in Inter as to be honest it is the only club on the market. If Juventus were up for sale do you think PIF would even hesitate to buy the biggest club in the land. I am content with our 103 years of Italian ownership. Made in Italy. @Gio you must be a young fan and only interested in the gravy train. That is okay as you can also choose to support Manchester City and PSG.

  6. @Alan HoWarth
    City Group own many club in one continent. Or even Red Bull Group can face each other in matches last time in Europa.
    No problem if you have the money

  7. I welcome this, as I welcome Suning, Yes it’s sportswashing, but Inter can be a force for good on Saudi Arabia and aid PIF in moderating the culture there, encouraging sport, teamwork, etc.

    It will see significant investment into Italy and Italian football but I don’t expect or want them to go spending money like crazy. We need a healthy Serie A where all teams can compete and they appear to be a very shrewd, innovative organisation that understands (like Suning, who invested millions for Serie A TV rights, before things went belly up because of the pandemic) that a rising tide lifts all ships.

  8. Whether accepting investment from certain regimes is morally acceptable or not is another discussion. What is now a fact is that huge investment from ‘foreign’ entities is what powers European football. The PL has created a financial monster in Europe – no other league can compete with it currently. Serie A teams have not been successful in Europe for over a decade – only Bayern, Paris, Madrid can compete with the PL. Barcelona are ‘regrouping’ and Serie A is (excuse the pun) not in the same league. Bring investment into Serie A, rebuild the stadiums, get the fans in, market the product. That’s the reality.

  9. Between a rock and a hard place … as the saying goes by … Italian football in general requires foreign investments badly … on the contrary, the investmebt is from S-Arabia, unfortunately and sadly … very difficult but in the end MONEY TALKS … folks

  10. Genuine question – do they have an equivalent to the Premier League’s Fit & Proper Directors’ test in Italy?

    (I guess so, surely) – PIF seemed to take an age (several years?) clearing that hurdle in England – given the reaction of other premier league clubs, would be interested to know whether serie A club owners are in favour of this move (which could presumably bring a lot of investment into the league)

  11. I don’t even know why some rival fans are against it, maybe they are scared…if these are some the steps that will make serie a grow then so be it,no club in Italy can compete with the EPL clubs, their dominance has to be broken

  12. Feroli well said. For me I think this is not only a good news for Inter but for all Serie A. Foreign investment is simply what Italian clubs needs to be able compete with other financial power horse of European football like Chelsea, Man City, Man Utd, PSG, Bayern, Real Madrid, and Liverpool.

  13. The virtue calling under this post is unreal. Money from corrupt US or Chinese corps is okay but not from Saudi. Both US/Chinese corps are neck deep in contracts with their DoDs, oppressing millions around the world. Uighur in China are being oppresed and cleansed of their identity as we speak. The world is still living the ramifications of US trillion dollar wars. So maybe cut back on your double standards and wake up to the real world. The first comment from Milan Fan is border line racist “these people”. Berlusconi with his bunga bunga parties and corrupt deals with Alqaddafi was okay I guess.

  14. Sure, do deals for oil, weapons, cars to keep our economies going but throw out the teddy if the attempt to buy a football club. get real. Hypocrisy – look no further than Football & Politics.

  15. @Ahmed Hossam

    Why did you stop using your uncle Z handle?

    If juve want to be loyal to Italians only then stop signing players outside of Italy then… or is it fine to have foreign players as long as you win but foreign ownership is prohibited? You either open up or be like Athletic Bilbao, at least they are loyal to their principles. juve on the other hand had ties with Libya in the past.

  16. The latest is that this story is fake and the source is not the most reliable and it is a NY financier who is in negotiations. It seems the club will be sold soon in any case – the swift denial by the club was for a reason I would imagine.

  17. €13m loss per month!
    Where’s FFP? how could this budget be approved!?
    I should’ve become an accountant…

  18. Saudi Arabia doing everything possible to be a player in football. They can’t hack it on the pitch so tney will buy their way in.

  19. @frankie

    juve had TAMOIL on their shirts at one point

    Get off your high horse and stop posting nonsense

    Inter are already the best Italian team without Arab money, now imagine if the Saudis invest in this team…juve won’t win anything in your lifetime

  20. @ACM1899 BBilan fans, I don’t care if my grammar is worst than most people here as long as you wash your pants and your mouth before you talking to me

  21. If this is true, then it’s a win-win situation for all parties involved. Suning will get much needed cash and small profit, while Inter may grow their revenue with the backing of PIF. Saudi will get significant influence in european football.
    I just hope that the new management will keep Marotta in order to still manage the club in sustainable approach, not recklessly overspent.

    Operating loss 13M/month is bad, 156M/year. That’s why inter needed to sell lukaku and hakimi for 183M, which should be reflected in next year financial statement. Add that with 20% wage reduction from Lukaku, Hakimi, and Eriksen’s salary (plus Vidal & probably Perisic next year), I think inter are quite stable financially now. With consistent UCl qualification and new stadium, things can only get better for Interisti.

  22. I am currently very skeptical about this, but you are sure that with a super CEO like Marotta no failure can be imagined (in terms of football), as far as the investors are concerned they are only a source for the support of the club and the behavior of quality players while on the other hand when you consider what the Marotta team has done with a limited budget, people are talking about a genius in the world of football. Just as an interista I hope this news is true and we finally see an Italian team strengthened in all departments and there will be no financial crisis.

    Good to be true, you will see the strength of Marotta what he is able to do with the team;)

Leave a Reply

Your email address will not be published. Required fields are marked *

Tickets Kit Collector