Although a final agreement is understood to be some weeks away, with the Americans eager to maximise their profits after a turbulent 12 months in control, sources in the United States have indicated that they are ready to demonstrate their willingness to sell by granting a period of due diligence to DIC, the private-equity investment arm of the Dubai Government.
For now, no price has been agreed between DIC and either of the co-chairmen. The Americans, whose initial takeover just over 12 months ago was valued at £218.9 million, now put the club's worth at more than £400 million, but £350 million of that figure would be swallowed by the debts incurred as a result of their recent refinancing deal.