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PIF plans to takeover Newcastle and Inter

Thu 07 October 2021 | 14:57

The Saudi investment fund PIF is negotiating to take Newcastle United and it is also trying to buy Inter from Suning.

Premier League have blocked

Newcastle United

’s takeover due to PIF being an investment fund but it is also part of the Saudi state.

It was only permitted to go through following

BeIN Sport

and the Saudis’ decision to lay aside their legal battle regarding privacy and TV rights.

It’s worth will be £300m, but it’s not the only big investment that PIF would be willing to make in football.

According to many reports in the last few months, PIF is considering purchasing

Inter

as they are checking to make an offer to Suning.

Cashing in on Romelu Lukaku and Achraf Hakimi has also helped the Serie A champions balance the book, but they are still having lots of losses and many think Suning will sell some of their shares.

As per

Calciomercato.com

, PIF requires assurance of the new stadium project before they get ready to take over the Nerazzurri.


source: SportMob

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