Newcastle owners prepare to acquire 884 million euros of Inter Milan – Inter Milan

Having already invested more than 350 million euros in the acquisition of Newcastle, the Public Investment Fund (PIF) is preparing to return to a strong bet on football, this time with the acquisition of Inter Milan. According to the International Business Times, the Saudi consortium is expected to complete the process in the next few days and put on the table one billion dollars, equivalent to 885 million euros. According to the same source, the deal will already end, with only the final bureaucracy completed before formalization. Since 2016, in the possession of the Chinese group Suning Holdings, Inter Milan may have achieved sporting success last season, returning to the titles in the Italian League, but in financial terms it incurred losses (in 2020/21 alone it was almost 300 million euros), which is This has prompted Asians to press ahead with their search for a buyer for quite some time now. The solution now comes from Saudi Arabia, in a move that would put the Public Investment Fund in competition for the recent strength demonstrated by the United Arab Emirates and Qatar, with Manchester City and Paris Saint-Germain entering respectively.