Saudi Investment Fund might buy Serie A side Inter Milan

    As per various reports, with the acquisition of Newcastle United, the PIF (Public Investment Fund) of Saudi Arabia would probably become the new owner of the Serie A side Inter Milan. Though there is no official confirmation regarding this, which has come, sources state that this is going to happen soon.

    The financial condition of Inter Milan

    It is well known that Inter Milan is going through an unstable financial condition. Recently they reported a massive loss of 245.6 million euros for the 2020/21 campaign. Besides, coach Antonio Conte resigned from the club along with Achraf Hakimi and Romelu Lukaku were also sacrificed to ensure that the financial condition gets stabled.

    According to Libero

    The Italian newspaper Libero states that during the Champions League match between Inter and Real Madrid, the two parties including the Suning and the Public Investment Fund of Saudi Arabia had some conversation exchanged, regarding reaching an agreement.

    If the agreement goes normal, the consequences would be, Saudi Arabia’s PIF Inter Milan will buy the team for one billion euros from Suning, the Chinese firm. Even the firm themselves had many financial issues for the covid-19 pandemic.

    However, no official confirmation regarding this has been issued yet. But, surely, this execution is in process and fans will hear soon regarding this news. Federico Strumolo who broke the news in the paper also tweeted this fact isn’t an assured thing and no official confirmation has been given regarding the same. The deal is yet to be set in stone, and only information regarding it has been issued.

    Inter Milan in Serie A

    Currently, Inter is showing their efficiency in Serie A, and they have their next match Lazio on October 16. They are currently dwelling in the third position of the points table after Napoli and AC Milan respectively.

    Read More: Liverpool FC is keen to bring Joao Felix to their club in the upcoming transfer window in January

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