Inter Milan ‘are the latest club to attract interest from Saudi Arabia over a possible takeover’ – with potential buyers ‘ready to test the Nerazzurri owners’ resolve’
- Inter Milan have become the latest team to attract interest from Saudi Arabia.
- Report claims kingdom family is considering possible buyout
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Inter Milan have become the latest team to be linked with a possible takeover by Saudi Arabia, according to reports.
Despite sitting top of the Serie A table, 14 points ahead of rivals AC Milan in second place, the Nerazzurri are still struggling financially.
Last season, the club reportedly asked its advisers to begin searching for potential buyers after posting losses of around £120 million (€140 million).
Although they failed to find someone to complete the takeover last year, hopes may have changed as reports emerged of interest from the Saudis.
According to Italian media Repubblica, a family from the Kingdom of Saudi Arabia is interested in Serie A and is considering a buyout.
Inter Milan have become the latest team to be linked with a possible takeover by Saudi Arabia.
Last season, the club reportedly made losses of around £120 million (pictured: former Inter star Romelu Lukaku, left, and club chief Steven Zhang, right)
He states that “the PIF has no direct interest in Italian clubs, but that in principle we cannot exclude that individual families could move.”
In 2021, a consortium from the Saudi Public Investment Fund (PIF) completed the takeover of Newcastle United – where reports suggested it also wanted to buy an Italian team.
The report continues to claim that on May 20, a £235 million (€275 million) loan to the current owners of Inter Milan will expire.
Negotiations are reportedly underway between Inter chief Steven Zhang and Oaktree Fund to postpone the loan repayment date.
In 2022, it was reported that the club’s minimum goal in seeking investment was to repay its loan from California-based Oaktree Fund.
The Nerazzurri, despite their financial difficulties, occupy the top of the Serie A table in 2023-24
Zhang met with consultants at Goldman Sachs and acknowledged that he could no longer manage the entirety of the club’s expenses alone.
The Nerazzurri hope talks over a possible takeover do not spoil the end of their season as they look to win the Serie A title.
With just one defeat in 31 league matches so far, Simone Inzaghi’s side have become one of the most consistent and impressive sides in Europe.
