The Saudi Arabian Public Investment Fund, backed by Crown Prince Mohammed bin Salman, is prepared to buy Inter from cash-strapped Steven Zhang for €1bn, only days after completing the takeover of Newcastle United.

The consortium was finally given the green light to complete their takeover of the Magpies last week, purchasing the club from Mike Ashley for £300m and bringing an end to the unpopular owner’s 14-year spell on Tyneside.

Steven Zhang

Steven Zhang is running up huge debts at Inter / Marco Canoniero/GettyImages

But the PIF is not ready to stop there, and has already laid plans to spread their wealth into Serie A. According to Calciomercato, the Saudi-backed investment group wants to add Inter to its portfolio, and has already met with current owner Zhang over a possible €1bn takeover.

Zhang and the Suning group are accumulating huge debts in Milan, and due to impositions put in place by the Chinese government and a general lack of funds, that situation is unlikely to improve under their ownership.

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