There is a very good chance that Internazionale will fall into the hands of the Saudi Arabian consortium PIF in the coming days, the leading American newspaper reported. International Business Times. The immensely rich investment fund, which already took over Newcastle United in October, will become – if all goes well – the largest shareholder of the reigning Italian champion for an amount of one billion euros. “Inter will become the richest football club on earth,” Andrea Zanon, expert on the financial markets in the Middle East, told IBT.
Since the summer of 2016, Inter has been 70 percent owned by the Chinese Suning Holdings Group, which has been trying to get rid of the club since 2019. Under Chinese rule achieved i Nerazzurri won the national title last season, but financially things have gone dramatically since the corona crisis. Inter made a record loss of 245 million euros last football season and now loses about 13 million euros a month.
Much to the frustration of the supporters, the Milanese were forced to leave the two best players with Romelu Lukaku and Achraf Hakimi last summer. Also success coach Antonio Conte, who brought in the first title in eleven years, did not want a longer stay at the Giuseppe Meazza and left. With the new Saudi Arabian owners, Inter can once again look to the future with hope. With a value of 350 billion euros, the PIF is one of the richest funds in the world and wants to invest heavily.
Under the leadership of Crown Prince Mohammed Bin Salman, the Saudi Arabian empire is rapidly acquiring a share in international top sport. Saudi Arabia is thus following the example of some neighboring countries, which have been investing in top football for some time. The Saudi investment fund brought in its first big fish with Newcastle United in October and is not ready after taking over from Inter. Negotiations are also underway with the owners of Olympique Marseille and a top Brazilian club.
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