It seems that Newcastle United could soon have some big partners in Italy.
According to La Repubblica, relayed by MilanPress, Saudi Arabia’s Public Investment Fund, who own a majority in the Magpies, are interested in the purchase of AC Milan.
It’s claimed that in recent days representatives from the fund travelled to Italy to speak to RedBird to discuss the majority share at the club.
Given how big PIF’s take over at Newcastle United was, most stories covering the negotiations mention how things have been going at St. James’ Park since the purchase.
It’s said the group’s idea is to take 50% of Milan, willing to take control by next summer.
That’s huge news for the Rossoneri, who have 99.93% of their shares belonging to RedBird, while 0.07% is private shareholders.
It’s unclear how that kind of business would affect Newcastle, as the Magpies could either have some business partners in Serie A, or would even have to fight for the owners’ biggest attention.
Curiously enough, the news comes in the same season that Milan and the Magpies faced each other in the Champions League group stage.
The Saudi fund had previously been linked with Inter Milan, so it seems they’ve simply turned their attention to the other side of town.
