PIF is ready for Inter takeover and could complete it in the coming days. PIF recently completed a complicated Newcastle United takeover in October. They want to take more teams as they plan to become a force in football. Hence, they are also trying to get Olympique Marseille from Ligue 1. Sunning are looking for investors as they are still in financial turmoil. However, according to reports, their debt is slowly reducing with the help of the government and their regular efforts.
The PIF are reportedly ready to buy Inter for $1 billion, and Suning might be willing to sell as they have lots of loans and debts pending. The report also says that the formalities and paperwork are done, and PIF will soon send the papers to Inter’s headquarters. PIF will also buy a Brazilian top-flight club to expand their business.
PIF ready for Inter takeover in the next few days
Suning incurred a massive loss in the pandemic and are still suffering from it. Inter had to sell Lukaku and Hakimi to balance their books, but they are still unable to cover up their debts. Conte left Inter since they could not keep their key players, and the Italian tactician wanted his best players in the team. Inzaghi has done a great job by taking the team a step forward. The fans are liking Inter’s playing style and Inter are getting success with it as well. They managed to replace Lukaku and Hakimi without any repercussions. They are at the top of the table currently with 4 points ahead of their city rivals, AC Milan.
Suning had to take a loan last year as they were unable to pay the wages of their players. Inter are generating revenue this season with the fans back in the stadium. Inter have also signed some new sponsorship deals this season.