Takeover talks at Inter Milan have resurfaced following their indifferent start to the Serie A campaign. The Saudi Arabian Public Investment Fund, who also own shares in Newcastle United, have been linked with the Italian club over the past few seasons.
According to reports in Italy, I Nerazzurri have placed an asking price of €1.2billion for the club. Suning Holdings Group, has previously denied any contact with PIF, stating that it remains committed to funding Inter Milan.
However, one journalist in Italy claim the club is now officially up for sale, Fabrizio Biasin tweeted: "The Zhang family has given a mandate to Goldman Sachs for the sale of Inter. Request 1.2 billion. This does not mean that the buyers will arrive" tomorrow ", but it is true that the process is triggered."
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As per areanapoli, fellow journalist Elio Corno claims that a deal with PIF has already been completed, he said: "I learned that the Nerazzurri club was sold for a billion euros, it's all done. The operation will be made official during the break for the World Cup in Qatar. It is an operation.
"Very large financial scale, there are enormous figures at stake. Everyone knows it, but no official information has yet been given on the negotiation that has actually already concluded.
"The Chinese hand over to Pif, the new owners who have also bought the Newcastle. It's all done and confirmed. Inter are in the hands of new owners. "
Contrary to those reports, FCInterNews claims that no contact has been made between the two parties. PIF have already been told that investment into both clubs could pose a serious problem for Newcastle United.
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