Chinese businessmen are considering investing in Coventry City, despite the Sky Blues' relegation to League One, reports BBC Coventry & Warwickshire.
Former Coventry vice-chairman Gary Hoffman has been working with Ken Grant, who is an independent consultant in Asia.
Any deal would involve taking up 100% ownership of the club, as well as half ownership of the Ricoh Arena.
But they are understood not to want to work with current owners Sisu Capital.
Grant is a director of FDKG Ltd - a company that advises top end brands and businesses on moving into the Chinese luxury market.