Peter Kenyon is seeking new investors to rescue his takeover of Newcastle United.
The ex-Manchester United and Chelsea chief executive is still searching for the £300m needed to complete his purchase of the Toon, reports The Sun.
Kenyon is so anxious he is now offering a minimum buy-in of just £1million.
Even then, the British businessman would only be able to pay Toon owner Mike Ashley in instalments staggered over the rest of the year.
But Kenyon is buoyed by Ashley viewing him as the "best fit" to buy the club.