A second Middle East investor is looking to make an offer for Newcastle United.
The group — based in Dubai — have been monitoring the situation at St James' Park in recent weeks and analysing the club's accounts, but only those details which are in the public domain.
No formal bid has been made and they have not entered a period of extensive due diligence, but it is claimed they have the means to meet owner Mike Ashley's asking price, which is around £350million.
However, like Amanda Staveley and her Middle East investment fund PCP Capital Partners, they are said to be cautious given the team's position in the Premier League and it is unlikely any formal approach would be made until the club's top-flight status is certain.