Derby County are close to finalising a major cash injection from Saudi Arabian sports promoter Turki Alalshikh to boost their spending power.
AlalshikhΒ has been looking to invest in Derby having been in talks with owner David Clowes over a proposed deal since May.
The deal has had to go through the Football League and the Independent Football Regulator but there is optimism the deal will be given the go-ahead by next week.
Alalshikh, who has previously owned football clubs in Spain and Egypt and is now among the most powerful figures in world boxing, is looking to buy a stake in the Championship side.
As chairman of Saudi Arabia’s General Entertainment Authority – and someone who is a prominent figure in the close circle of the country’s de facto ruler Mohammed bin Salman – 44-year-old Alalshikh has been criticised by human rights groups for his role in alleged ‘sportswashing’ by Saudi Arabia.
A deal for Saudi boxing promoter Turki Alalshikh to invest in Derby could be given the go-ahead by next week
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