The former chairman Simon Jordan believes will eventually receive the investment they want despite suspecting that their valuation of a minority stake is high.

A year ago, chairman confirmed: "The board and its advisors, Rothschild & Co, are in discussions with prospective investors". However, there was no such acknowledgement in the latest chairman's statement accompanying this year's financial results.

The former financial advisor Stefan Borson highlighted the "interesting omission" during White & Jordan on .

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"If you look at the statement from last year, [Levy] specifically said that he was seeking external investment," Borson said.

"And clearly, what they've done over the last year, 18 months, maybe even longer, is run a process to try and find somebody to put money into the club or take a piece of the club.

"I won't put [Jordan] on the spot, but I'm sure he knows whether they've succeeded in that.

"I suspect that the valuation they're looking for is too high, and that will, therefore, mean that it will be very difficult for them to find it."

Jim White then put Jordan on the spot, asking: "Have they succeeded in that?"

He replied: "That's for Daniel to discuss, not me," and when asked whether he knew, added: "Ummm, no, I don't."

Questioning whether they have maybe not succeeded, Jordan reiterated: "No, I don't [know]. I know that they are [seeking investment], as Stefan says; it's pretty much public knowledge.

"And I suspect that the valuation may well be high. Will they get their money? I suspect they probably will at some point; when they get it is a different matter."