Home Latest Articles BREAKING: Multiple Saudi investment groups are interested in Inter

BREAKING: Multiple Saudi investment groups are interested in Inter

0

Inter’s majority shareholders Suning.com Co., Ltd is cash-strapped due to the enormous economic crunch caused by COVID-19.

Suning who owns 70% shares in Inter is looking at suitable partners to deplete some if not all of it for cash.

Multiple Saudi groups have shown interest in the club. According to reports, the Public Investment Fund of Saudi Arabia and Fortress Investment Group are the front runners.

Furthermore, Fortress Investment Group has already placed a bid to buy the club outright from Suning.

Zhang Jindong revealed that the focus of the company will switch back to its core retail business. This is due to tougher sanctions placed by the Chinese government on local businesses and their assets outside the country.

Inter is at the top of the table in Serie A at the moment.