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A potential buyer from the UAE is ready to pay around $150 million for a controlling interest in Premier League club Manchester City.
The investors are not from Dubai but one of the other emirates and do not include Dubai International Capital, the suitors of Liverpool FC, according to media reports in the UK on Tuesday.
It is believed the Arab investors had representatives at Manchester City's home match against West Ham United on Sunday, the Manchester Evening News reported.
The interest from the Gulf region comes as club owner Thaksin Shinawatra is embroiled in financial problems stemming from corruption charges back in his home nation of Thailand.
Shinawatra also made an appearance at Sunday's game which gives more credence to the view that a deal is on the brink of being brokered.
On Saturday, the club's executive chairman Garry Cook revealed that he had received interest from the UAE, Kuwait and Saudi Arabia from potential investors wanted to buy the club.
