Negotiations are in progress for the acquisition of Inter Milan by a wealthy family from Saudi Arabia, separate from the Saudi Public Investment Fund, according to reports from Repubblica newspaper.
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The club’s current owners, Suning Holding, had previously expressed their focus on finding minority shareholders rather than selling the club entirely. However, it seems a significant shift may be underway.
The potential buyers, a prominent Saudi family, have approached Suning representatives in China to express their interest in purchasing the Nerazzurri.
Time is ticking for Suning and Inter’s chairman, Steven Zhang, as they face a looming deadline of May 20 to repay a €375 million loan from American investment fund Oaktree, including interest.
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Inter Milan, one of Italy and the world’s most valuable football clubs, has been majority-owned by Chinese holding company Suning Holdings Group since 2016.
With the repayment deadline approaching, the club is under pressure to secure new investors or renegotiate terms to avoid financial turmoil.
The situation highlights the urgency for Inter to act swiftly, potentially accelerating the process of partial acquisition. The outcome of these negotiations could reshape the future of the storied football club.
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