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Sunning plan to sell Inter to Saudi Arabia’s Public Investment Fund

Wed 03 March 2021 | 12:54

Recent reports suggest that BC Partners are no longer aiming to buy the Nerazzurri with a Saudi Arabian-based fund currently being one of the bidders on the Italian club.

According to

Corriere dello Sport

, the Public Investment Fund of Saudi Arabia (PIF) is planning to own

Inter

with the former's assets reported to worth up to $347 billion.

It is reported that PIF manager, Yasir Al-Rumayyan, who failed to buy

Newcastle United

last year, has already started the negotiations over the Nerazzurri.

Since Inter fall into PIF’s entertainment domain of focus alongside their other interests including air transport, oil, and gas, this could be a worthy investment for the Saudi Arabian side.

The recent reports reveal that the offer made by PIF is more to the liking of Sunning than the offer made  by BC Partners and with UEFA deadlines, the selling of the Serie A club may be taking place sooner than later.

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source: SportMob
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