Mumbai businessman Saurin Shah may face competition for Blackburn Rovers.
Shah has submitted an official offer to purchase the club, believed to be in the region of £25million.
His uncle, who is deputy chairman of cricket's lucrative Indian Premier League, said if the bid was successful, significant funds would be made available to strengthen Sam Allardyce's squad.
Mr Shah and his backers have targeted Rovers partly because of the area's large Asian community, which they believe has untapped potential for football.
Last night Rovers were keeping tight-lipped about the offer, says the Lancashire Telegraph.
However, it is understood a number of other parties are also interested in the club.
No group is thought to have been granted exclusivity.