Sport remains an essential area for the Arabs, the PIF Fund interested in Milan; 700 billion dollars in revenue from oil projects

The entry of the fund from Saudi Arabia, "Public Investment Fund" (PIF), in the Milan club is a real possibility and within a month there may be important news. Sports remain a core area for the Saudi fund, a $700 billion wealth giant with revenues from oil-related projects that has launched a new phase in its investment strategy in Europe.

In Italy, attention is also focused on football, in particular on Milan, after several meetings held with the owner of the Red and Black club, Gerri Cardinale. The deadline for making a decision is the end of March.

Meanwhile, in an interview given in mid-February, Kardinale said that he had no intention of relinquishing control of the club. He reiterated his intention to stay at Milan for a long time and raise it to the top of Italian football, dismissing as untrue any news that mentioned giving up the club. Cardinale has announced that he is open to Arab investments, especially in terms of the construction of the new stadium.

fondi arab pif milan

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