---
title: "Newcastle United: Ben Jacobs sheds light on PIF and potential takeover"
canonical: "https://www.footballtransfertavern.com/newcastle-united-ben-jacobs-sheds-light-on-pif-and-potential-takeover/"
type: "post"
language: "en-GB"
author: "Adam Clancy"
section: "Newcastle United"
published: "2021-03-11T12:40:28Z"
modified: "2021-03-11T12:40:28Z"
---

# Newcastle United: Ben Jacobs sheds light on PIF and potential takeover

**Ben Jacobs has shed some light on the Kingdom of Saudi Arabia (KSA)’s Public Investment Fund (PIF) and their potential takeover of Newcastle United.**

As part of a [Twitter thread](https://twitter.com/JacobsBen/status/1369666454585569290), the sports journalist has calmed fears that the group are switching attentions from Tyneside to Milan, claiming they are only eyeing a minority stake with the Nerazzurri.

“Remains my understanding that PIF are discussing a minority stake in Inter. They are thus offering Suning a way to offset debt & gain added exposure in MENA. This is a different type of offer to BC or Fortress. Becoming majority owner would be a move of vanity not value for PIF.”

\[freshpress-poll id=”311952″\]

As Jacobs points out, PIF, who are not currently in talks to revive the original deal between Mike Ashley and the KSA consortium, are [linked](https://www.thesun.co.uk/sport/football/14289866/newcastle-takeover-mohammed-bin-salman-inter-milan/) with Inter Milan about investing a minority stake in the Serie A club, who are owned by the Suning Holdings Group.

They are making a different offer to the ones previously made by BC Partners and Fortress, offering a range of benefits including gaining added exposure in the Middle East and North Africa (MENA).

\[freshpress-quiz id=”348103″\]

Jacobs has [claimed](https://twitter.com/JacobsBen/status/1369666459585175552) that it is “doubtful” that PIF will consider majority ownership for Inter just yet, as the St. James’ Park faithful’s club case is still ongoing, which may create a path back for them if all goes well. However, the journalist did add it could get ‘[intriguing](https://twitter.com/JacobsBen/status/1369667616772657159)‘ if the Newcastle saga drags on much longer and Suning decide to sell up.

### What next for the potential Newcastle takeover?

The arbitration case between the North East club and the Premier League is still pending and should give a clearer view over the direction of where the potential takeover is heading.

If the Magpies were to win this case, it may present a clearer path for PIF to come back to the table, and so any deal with Inter is far from done it seems until this is cleared up first of all.

[***In other news, find out what details have been shared on a key Premier League decision on the potential takeover here!***](https://www.footballtransfertavern.com/newcastle-united-news/newcastle-united-details-shared-on-key-premier-league-decision-in-potential-takeover/)