With Newcastle in hand, the Arab prince wants to acquire Inter Milan

DBasia.news – The movement of the Public Investment Fund (PIF) reportedly will not stop after acquiring Newcastle United. According to circulating news, the company owned by the Prince of Saudi Arabia, Mohammed bin Salman, wants to purchase Inter Milan’s shares.

Prince Salman recently purchased Newcastle United through his consortium company, the Public Investment Fund (PIF). To be able to receive 80% of Mike Ashley’s shares, the Public Investment Fund (PIF) disbursed 300 million pounds.

The movement of the Public Investment Fund (PIF) to purchase Newcastle actually started last year. However, at that time, Prince Salman’s plan received a lot of opposition due to the background of cases of human rights violations.

According to an Arab News report, the Public Investment Fund (PIF) will not stop at Newcastle. They also still have the intention of purchasing Inter Milan from Suning’s hands. In addition, Olympique Marseille is also on the radar.

Gazzetta dello Sport added, actually Prince Salman had wanted to purchase Inter in May 2021. However, this did not materialize because the Zhang family as the majority shareholder did not want to sell. Suning sure can still bring Inter to their peak of achievement.

In fact, at that time Inter Milan was facing financial problems. Decreased income due to the corona virus pandemic is one of the causes. In addition, Suning’s movements are also restricted by the Chinese government’s regulations.

In fact, according to Gazzeta, if PIF joined last May, there is a possibility that Inter Milan will not lose Antonio Conte, Romelu Lukaku and Achraf Hakimi. The last two names had to be released to overcome financial problems.

It will be interesting to see if PIF succeeds in realizing its dream of owning Inter Milan. Reportedly, Suning began to open the option of cooperating with business partners to strengthen Inter Milan’s finances.