Balmain Tigers great Ben Elias and a financially backed consortium have reportedly held secret meetings to discuss buying a majority share in the struggling Wests Tigers for up to $10 million.
The Daily Telegraph reports, Elias and a group of Sydney businessmen have completed due diligence over an ownership proposal.
According to the report, Elias has arranged to discuss his plan with Wests Tigers powerbrokers early next week.
It is understood an offer could be lodged quickly, pending NRL approval, if there is interest from the Tigers.
“I can confirm it. It’s a work in progress but obviously, it’s very early days. But I won’t comment any further,” Elias told The Daily Telegraph.
Elias and the consortium are looking to buy a 50.5 per cent share in the club which could cost somewhere between $8 million to $10 million.
Elias played 234 games for the Balmain Tigers between 1982-1994.