According to Repubblica newspaper, a Saudi Arabian family that is not state investment fund PIF is in negotiations to purchase Inter from Suning.
There have been rumours for months of an approach from investors in Saudi Arabia to buy out the Serie A club, though Suning repeatedly assured they were seeking minority shareholders and not looking for a complete takeover.
Saturday’s edition of Repubblica now claims that the talks are with a rich family in Saudi Arabia, but not the Public Investment Fund (PIF) that already bought Newcastle United in 2021.
It is suggested this family contacted Suning representatives in China in order to express interest in buying the Nerazzurri.
Suning deadline looms
Time is running out for Suning and the Zhang family to either find a new investor or negotiate new terms to postpone the €375m repayment of the loan with American investment fund Oaktree – including interest.
That is due to be repaid on May 20, having been provided to the Chinese holding company three years ago.
What a mess! Imagine thinking a historic Italian Club being owned by Chinese/Saudi venture capitalists is a good thing!