Former Livingston owner Angelo Massone would consider investing in Kilmarnock. The Italian businessman spent a year at Almondvale and left with the West Lothian club in administration and close to going out of business.
Livi survived but were demoted from the First Division to the Third Division.
Massone told BBC Scotland that he would be willing to listen if approached by Kilmarnock, who are £11m in debt.
Massone's troubled reign at Livingston came to an end last July, with the Italian accepting £50,000 to sell his shares, allowing Gordon McDougall and Neil Rankine to take over and prevent the club from going into liquidation.
Under Massone's rocky stewardship, Livingston were taken to court for non-payment of rent to West Lothian Council, while payments to players were regularly overdue and the power at Almondvale was once cut off after an electricity bill was left unpaid.