Crown Prince Mohammed bin Salman is trying to acquire, through his investment fund, the Italian club Inter Milan, which was valued at 850 million pounds sterling.
As Newcastle club owner Mike Ashley fights in the courts over a collapsing takeover, Toon Army hopes there is still a solution.
But SunSport is aware that the Public Investment Fund is in talks with the Italian giants valued at around £850m.
Inter is owned by Chinese company Suning Holdings and has been desperate to sell since last year.
The Serie A leaders’ financial situation is in disarray, with debts totalling £650m and insiders insist they are on the verge of collapse.
“The Saudis approached Inter Milan a week or so ago,” a source said.
“You cannot buy two clubs at the same time, and it seems that they have given up on Newcastle.”
The source added: “They have a lot of strength to take over Inter Milan’s debt.”
The club leads the Italian league and is in the new Champions League – they ticked all the boxes.
Last week, Ashley said he’s fighting “Teeth and Nails” with Prem to sell to the consortium headed by the Public Investment Fund, including Amanda Staveli and the Robin brothers.
The sticking point in the league was whether the Public Investment Fund, chaired by Crown Prince Mohammed bin Salman and the Saudi state, are two separate entities.
The Prem newspaper claimed that the Public Investment Fund is under the Saudi state’s control, but Newcastle disapproves of it and seeks to overturn the ruling through arbitration.
Human Rights Watch previously exposed the crown prince’s attempts to use sport to whitewash his human rights record and cover up his crimes and human rights violations.
The human rights organization condemned bin Salman’s taking sports as a distraction and diverting attention from the human rights record in the Kingdom through foreign investments in this field.
The organization said that the acceleration of bin Salman’s interest in the sports framework, its activities, and the news is an attempt to divert attention from the horrific and deteriorating human rights behaviour and practices in the Kingdom.
The organization quoted the Director of Global Initiatives at the organization, Minky Warden, as reminding her of Mohammed bin Salman’s relentless attempts to use sports, buy clubs and hold major matches and competitions to obscure the Kingdom’s behaviour with human rights files.
Worden had tweeted a note of the Yemen War files, which she called brutality and the file of the murder case of Saudi journalist Jamal Khashoggi.