Burnley chairman Mike Garlick is weighing up two offers to sell the club.
The Clarets are ready to sell for around £200m.
The Daily Mail says Garlick's preferred bid is from Mohamed El Kashashy, an Egyptian entrepreneur, and Chris Farnell, a Cheshire-based sports lawyer, who have promised to keep him on the board.
The pair view manager Sean Dyche as a key asset and would want to avoid his deteriorating relationship with Garlick causing problems.
There was resistance to a sale to Farnell in some quarters yesterday, with the former Labour communications chief Alastair Campbell retweeting information from a local Burnley Express reporter and a former Charlton Athletic employee, both of whom questioned his credibility.
American rival bidders ALK Capital LLC, who would not keep Garlick on, say their bid for Burnley is also on track and are surprised to hear reports that talks have stalled.