valuation

Alongside Tesla, valuations of his other ventures, including the artificial intelligence startup xAI and rocket company SpaceX, have also reportedly climbed in recent months.

That judgement led to the government changing public service pension schemes, including the way pension valuations were calculated.

"That's where you have the most liquidity, most of the coverage of equity analysts that's where you have most of the comparable companies listed and frankly you get the highest valuations as well."

The valuation of the diamonds and the dodgy accounts had been signed off by a real accountant: Rajnikant Patel, who works from a small office on a row of shops in Ilford, east London.

Now it is up to Liverpool to make the next move with an offer closer to the Magpies' £150m valuation.