Newcastle United owners 'negotiating' major deal with Champions League side

Newcastle United's owners are said to be negotiating a major deal with Inter Milan.

According to the Italian media, Saudi Arabia's Public Investment Fund aise in the midst of hammering out a commercial deal with the Serie A side.

Despite rumours circulating PIF is interested in taking over the Italian club, the Turin-based newspaper, Tuttosport, suggests Newcastle United's owners are not currently moving for such a deal.

But this deal would continue the sovereign fund's major drive of commercial deals across European football- and it wouldn't be its first in Serie A, nor the Champions League.

PIF took over Newcastle United in 2021, owning 80% of the Premier League side, and since then it's been driving for further investments across the sporting world.

This season, PIF-owned Riyadh Season became Roma's front-of-shirt sponsor in a deal reported to be worth $8million per year. The investment fund-owned airline, Riyadh Air, became Atletico Madrid's main shirt sponsor this season too.

The flurry of investments has spurred on talk of the Magpies' majority owners desire to takeover another European football club and create a multi-club model.

Earlier this year, Newcastle co-owner Amanda Staveley, who owns 10% of the club, said they were considering the purchase of another club.

“We’re looking at everything in terms of how we grow our brand, our club," said Staveley. "Opportunities to buy players affordably well early in the cycle are critical to our growth. We’re very focused on the academy and young players. We’re bringing some exciting guys in.

“Obviously we’ve looked at a multi-club but whenever you look at multi-club you’ve got to make sure you’ve got the right fit with the changes around GBE points at the moment. It’s important to do that.

“You also have to choose your territory correctly and make sure you’ve got the right chemistry. Remember, you’re working with another fanbase and another area. It’s critical you set out what your goals will be. It’s complicated.

“We’re also looking at another structure that would allow us to do both, maybe something that gives us more opportunity to work with a lot more clubs. That’s just quite an early stage. I think anybody who is looking to buy a club is going to be looking at that multi-club model.”