Former Birmingham co-owner David Sullivan has revealed he came close to buying Ipswich two years ago. The 60-year-old admitted he almost took control at Portman Road when Carson Yeung first tried to gain control at St Andrews two years ago.
"I was very close to buying Ipswich Town," Sullivan told the Sunday Mirror.
"I had a two-week window of opportunity but had to pull out because Yeung didn't come up with the money and the rules prevent me from having financial interest in two clubs."
Sullivan has been linked with moves for West Ham and Charlton, but insists he will take his time before deciding what presents the best option for himself.
"It's my intention to take some time off and then I will look around and see what is available," added Sullivan.
"Although I have been approached by a lot of clubs, any investment has to be right for me.
"The criteria I'm looking at are a club with a decent ground, good fan base and in easy travelling distance from my home.
"The major obstacles are the over-inflated prices clubs are attempting to charge and in most cases the significant debt that comes with that club."