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Published 14:06 10 Feb 2023 GMT
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Meanwhile the Daily Mail reported earlier this week that Qatari investors were preparing a bid in a matter of days. The Guardian added that the Emir of Qatar, Sheikh Tamim bin Hamad al-Thani, is a leading figure behind the proposed plans.
However The Athletic have claimed that Qatar are expecting a consortium from Saudi Arabia to come in and rival their bid.
In an interview during the World Cup in December, Saudi Arabia's sports minister said that Man United or Liverpool would be two clubs they would be interested in and that he would support any private sector bid if one was to be made.
Prince Abdulaziz bin Turki Al Faisal said: "From the private sector, I can't speak on their behalf, but there is a lot of interest and appetite and there's a lot of passion about football.
"It's the most-watched league in Saudi and the region and you have a lot of fans of the Premier League.
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