Yasir Al-Rumayyan is Newcastle’s Arab manager. Photo: Paul ELLIS / AFP
The Newcastle United It went from being a low budget team to being one of the millionaires in world football. And this happened mainly because the Saudi Arabia Savings and Investment Fund (PIF for its acronym in English), he decided to buy the English club and invest in the team. Now, the same group that finalized the purchase of the magpieswant to charge the Inter and prepares a millionaire offer to stay with the Italian club.
The PIF, which works like savings of the millionaire capital of Saudi Arabia obtained mainly from economic income from oil, it has entered forcefully with activities in football and soccer. October 7, 2021 managed to buy a historic England team like the newcastle, to place it on the world map. now at 11 months and one day to have acquired the English club, prepares an offer to add Inter.
Although the offer is not official, it is not certain that the figure will be around 12,000 and 14,000 million euros. As reported and told by the AS newspaper“the Saudi fund PIF and Inter they are at an advanced stage of negotiations“The team in which the Argentines Lautaro Martínez and Joaquín Correa play could change owners in the next few days.
Though “it wouldn’t be an easy sale“, states that”there are several professionals of the operation in Milan, who work to bring it to completion“. From Suning Holdings Group, which it currently owns since 2018 when it acquired approx 70% of the club for a total of 300 million dollarsThey see it as a viable possibility.
Steven Zhangwho became the youngest owner of the black and blueis the son of Zhang Jin-dong Suning owner in financial crisis. Considering that the company is one of the sources of supply for the club, the numbers would not be enough for the club to reach the level it had reached in 2021 the shield.
The PIF now wants to land with millions in the team of A series. Not confirmed yet, but the team paradigm based in Milan It may change to improve the current football situation if it is confirmed that the Saudi Arabian investment fund buys the institution.
Source: Clarin