Inter Milan PIF takeover talks resurface after prize claim

Takeover talks at Inter Milan have resurfaced after their listless start to the Serie A campaign. The Saudi Public Investment Fund, which also owns shares in Newcastle United, has been linked with the Italian club over the past of recent seasons.

According to reports in Italy, The Nerazzurri have placed an asking price of €1.2 billion for the club. Suning Holdings Group, has previously denied any contact with PIF, saying it remains committed to funding Inter Milan.

However, a journalist in Italy claiming the club is now officially for sale, Fabrizio Biasin tweeted: “The Zhang family has given mandate to Goldman Sachs for the sale of Inter. To ask for 1.2 billion. This does not mean that the buyers will arrive “tomorrow”, but it is true that the process has begun.”

READ MORE: Newcastle United vs West Ham off as Premier League postpones games after Queen’s death

According arenapoli, Fellow journalist Elio Corno claims an agreement with the PIF has already been reached, he said: “I learned that the Nerazzurri club had been sold for a billion euros, it’s done. The operation will be formalized during the World Cup break in Qatar, it is an operation.

“Very big financial scale, there are huge numbers at stake. Everyone knows this, but no official information has yet been given on the negotiation which has in fact already been concluded.

“The Chinese are passing the baton to Pif, the new owners who also bought Newcastle. Everything is done and confirmed. Inter is in the hands of new owners.

Contrary to these reports, FCInterNews asserts that no contact has been established between the two parties. PIF have already been informed that the investment in the two clubs could pose a serious problem for Newcastle United.

READ NEXT

Newcastle owners Dan Ashworth’s plan ‘watched’ as staff member admits expense

Newcastle find ‘prodigy’ who excited James Maddison’s witness

Michael Owen reveals what stopped him leaving Newcastle early for Liverpool despite clause

Transfer intermediary Lucas Paqueta reveals the truth about Newcastle after West Ham put in cash

Eddie Howe’s ‘scary’ £78million plan Newcastle fans will love

Richard L. Militello