A family from Saudi Arabia is reported to be in negotiations to purchase Inter’s club from Suning.
There have been speculations for months about an approach from Saudi investors to buy the Serie A giant, although Suning consistently assured that they were “seeking shareholders in the club and not seeking a full sale.” However, according to “La Repubblica,” negotiations are now with a wealthy family in Saudi Arabia, but not part of the Public Investment Fund (PIF).
This family is said to have contacted Suning representatives in China to express interest in buying the “Nerazzurri.”
The Saudi side will need to pay at least 1.2 billion euros demanded by Zhang, but it seems time is running out. This is because in just 37 days, the club’s controlling company will have to repay the 250 million euros debt (plus 70 million euros in interest) given in 2021 by Oaktree.
Otherwise, the American investment fund will be able to enforce the lien on Inter’s shares and become their owner.
The deadline is May 20th.
