The @Gazzetta_it story is correct. PIF have explored a minority stake in #InterMilan. Told Yasir Al Rumayyan involved in talks. Up to 30% investment discussed which, based on Suning's highest valuation would be €300m (260m). Nothing agreed but may give Suning an out not to sell.
I am told PIF don't want to buy Inter outright, contrary to the approach of BC Partners & Fortress. A halfway approach might be to partner with Fortress, who did toy with a joint bid alongside UAE's Mubadala Investment Company in February. But nothing came of this in the end.
Conflicting reports as to whether BC Partners are still the frontrunners or talks have fallen through in a reported €800m deal. Told Suning would still prefer to find a way not to sell the club, hence the appeal of PIF. But all early stages unlike talks with BC Partners.
This is another complicated investment (should it materialise) for PIF. They know appeal of Italian football from hosting two Super Cups. & beIN has not rebid for Serie A rights. But Serie A will surely have beoutQ concerns. After all Serie A rights were stolen, too.
The only difference between Serie A & EPL is Serie A, during the height of beoutQ, put commercial gain above piracy and still brought the Italian Super Cup to Saudi, much to the dismay of beIN. That's partly why beIN haven't rebid for Serie A & financially this move backfired.
Serie A refunded beIN 120m after conceding Saudi piracy made MENA rights de-facto non-exclusive. Whereas they only got 18m from Saudi for Super Cup. But it'd be plausible Saudi bids for Serie A rights if (still a big if) they invest in Inter & that'd be lucrative for Serie A.
At this stage all that's clear is PIF have engaged with Suning, & with a very different investment model to other suitors. Told this doesn't end their interest in #NUFC, but it obviously shows they are actively looking elsewhere. They are opportunistic & Inter is available.
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