Kyle Sandilands Seeks $90M Investor Amid Legal Battle

is said to be putting out the feelers for a cashed-up investor to help him .

The radio shock jock, 54, is currently in a huge legal battle with the company after they terminated his $100 million contract and axed The Kyle & Jackie O Show.

Now, reports allege he's willing to invest $10 million into buying the network, but needs another $90 million to make the deal happen, according to News.com.au. 

A source claimed to the publication that Kyle would ideally take over the network and 'overhaul' the leadership team. 

'I don't think he would want to leave things the way they are. He would want his hands on all the levers; otherwise, there is no real point in being an owner,' they said. 

'He has done every job in radio and he knows what not to do.'

They also went on to say Kyle was so eager to get back on radio that he would even negotiate a pay cut to his previously massive $10 million a year salary. 

'He would be open to it,' they said, adding that the terms would have to be right for the industry titan to consider it. 

However, according to the insider, there are some wealthy notables who are 'pretty interested' in buying ARN with Kyle. 

Daily Mail has reached out to Kyle for further comment.  

Whispers first emerged the shock jock might be willing to take over ownership of the network last month, before news broke he had been given the boot.

While the radio star was waiting to learn his fate at the network following co-host Jackie 'O' Henderson's departure, he reportedly claimed he intended to buy ARN. 

Craig Bruce, who was previously Kyle's boss when he worked as program director at 2DayFM, announced the news on his Game Changers Radio page in March.  

Craig claimed Kyle made comments regarding a potential takeover of ARN during a recent taping of Australian Idol, where the radio star serves as a judge.