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News of the Jersey-based investment group's interest surfaced last month and while their approach has been rebuffed, another offer is expected.

Sir John Hall, who owns 28.8% of the club and his son Douglas, who owns 12% along with chairman Freddy Shepherd (28%) have reportedly rejected an initial approach, although talks are said to be ongoing.

The Sunday Telegraph quotes an executive close to the negotiations as saying: "Talks are ongoing and there seems to be every chance of a deal being struck."

The club is valued at

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