Bale offers RM230mil to Vincent Tan for Cardiff City
The former Wales captain, who has long shown interest in football ownership, was previously linked to a takeover of Plymouth Argyle but that deal never materialised.
Cardiff's owner, Tan Sri Vincent Tan, has already expressed his willingness to sell and is said to be open to negotiations.
According to The Times, a formal bid has been submitted, with backing from American investors.
Bale, a five-time Champions League winner with Real Madrid and capped 111 times for Wales, is now preparing to step into club ownership.
The latest offer is, however, expected to be rejected — although talks are still ongoing and a deal could yet be struck.
"We are interested in getting Cardiff," Bale told the Times last month.
"It's my home club, it's where I grew up and my uncle (Chris Pike) used to play for them. To be involved with an ownership group would be a dream come true.
"It's a club close to my heart. I'd love to help grow Cardiff and take the club to the Premier League, where it belong.
"I know how amazing the Welsh and Cardiff fans are. It would be amazing to try and do something together.
"We are trying to engage with Cardiff, and more news will come out in the future. Hopefully, we can get something done."
A previous offer was also turned down, and while this latest £40m bid is likely to face the same fate, both parties remain open to reaching an agreement. – AGENCIES
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