Their ‘exclusive’ – which comes from Chief writers Jason Burt and Sam Wallace – claims that the Premier League have now been informed of a bid led by the Public Investment Fund of Saudi Arabia.
The Telegraph claim the league have now been made ‘formally aware’ of the attempt to complete a takeover, stating the PIF – the largest sovereign wealth fund in the world – plan to take an 80% stake in the club should a deal go through, with Amanda Staveley’s PCP Capital and the Reuben Brothers expected to take the remaining 20% between them (10% each)
In short, the report reveals the following:
- £340m bid formally made.
- The Premier League notified.
- 80% PIF, 10% PCP, 10% Reuben Brothers.
- Potential directors named as Yasir Al-Rumayyan, Amanda Staveley and Jamie Reuben.
- The Premier League refusing to comment any further.
It’s a promising update – with this suggesting their attempts to buy the club are both genuine and moving forward – however we have been here before.
After al, the Premier League were also ‘informed’ of the Bin Zayed Group’s intentions to complete a takeover…and we all know how that worked out!
As ever, we live in hope, not expectation after so many false dawns!