Championship Barnsley have been approached by prospective investors about taking over at the Championship club, general manager Don Rowing has revealed.
Rowing told BBC Radio Sheffield: "The club have been approached by interested parties but at this stage there has been no offer.
"The ball is in their court now so we will see what happens."
He added: "If someone makes an approach then you have to say that there must be some genuine interest there.
"If people want to inject capital into the club then it is their prerogative to do so, but we have to make sure that they are the right people."
Sky Sports reports an Italian consortium is believed to be in pole position and they would be looking to bring its own managerial team in and dispense with the services of current manager Keith Hill, despite his impressive record since taking charge.
Hill is now thought to be in talks with owner Patrick Cryne over his future at Oakwell.