New target mooted for Saudi Arabia after Newcastle United takeover decision

Saudi Arabia’s sovereign wealth fund could launch a takeover bid for a Serie A club, according to a report.

AC Milan's San Siro home.
AC Milan's San Siro home.

In a statement, PIF and their backers blamed the “prolonged process” for the decision.

Financier Amanda Staveley – who led the takeover – has said that there “may be a way forward”.

However, Saudi Arabian financial newspaper Sanadeq claim that PIF could now move for AC Milan.