A British consortium are in takeover talks with Championship club Birmingham City.
The Birmingham Mail says acting chairman Peter Pannu issued a statement revealing that a UK bidder, with a very strong North American investment fund, were in talks with Birmingham International Holdings Limited.
Pannu announced there had been an indicative, non-binding offer from a third party. in relation to a possible acquisition of a minority interest in Birmingham City PLC.
He said: "I can confirm that BIHL remains in advanced talks with a British consortium with a very strong North American investment fund.
"However, specific details cannot be disclosed at this moment in time due to non-disclosure agreements and HKSE regulations.
"There are many technical issues still to be resolved and legal representatives from both parties remain in advanced discussions to pave the way forward."
