O Public Investment Fund (PIF) of Saudi Arabia should not stop after getting the purchase of Newcastle United, from England. According to the Italian newspaper Libero Quotidiano, the Saudis still want to buy another three clubs.
According to the publication, two clubs are already defined: Inter Milan, in Italy, and Olympic Marseille, in France. The third team, however, would not yet have been chosen by the fund, but it would be a Brazilian team.
According to the newspaper, there is still no forecast for negotiations with the selected clubs, including the Brazilian one, to start, as this is a long-term plan for the Saudi fund. Inter Milan, however, seems to be the closest to a conclusion, as Suning, the Chinese group that owns the club, is looking to sell the team.
Newcastle United was bought last week by the Saudi fund, along with PCP Capital Partners, which appointed Amanda Staveley as the new CEO of the English club.
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