Overview

• The consortium fronted by Gareth Bale submitted an unconditional £40m takeover bid on July 2, marking the latest development in their months-long pursuit of Cardiff City.
• Backed by US private equity investors, Bale’s group believes the offer reflects a fair valuation following the club’s drop to the third tier in May.
• Owner Vincent Tan, who has ploughed more than £200m into Cardiff since 2010, has signalled his intention to reject the proposal as derisory.
• Bale has publicly described the acquisition as “a dream come true” and plans to harness his experience to guide the Bluebirds back to the Premier League.
• With talks set to continue, Bale’s consortium is expected to revise its bid in hopes of bridging the valuation gap with Tan.