American investor Joseph DaGrosa has hinted why buyers have pulled back from the Premier League market.

DaGrosa - who claimed he came close to completing a deal for United in 2019 - has set up Kapital Football Group and claims he's "very confident we are going to get an acquisition done fairly soon".

A planned buy out of Southampton has fallen through and the Athletic claimed last week that DaGrosa was still interested in Newcastle. While interest remains, it's believed that Mike Ashley's efforts remain centred on the Saudi PCP Capital Partners consortium.

"If we wanted to write a cheque for what sellers are looking for right now, we could close a deal today if we wanted to," he told Off the Pitch.

"That's not the issue at all. We pride ourselves on being disciplined investors. We're not looking for a fire sale price on clubs.

"We thought in the EPL (English Premier League) for instance we'd see a tendence in the second half of the season certainly start to return to some semblance of normalcy. That hasn't happened."