James Bord, a former professional poker player, has been selected as the preferred bidder for Sheffield Wednesday, as reported by BBC Sport.
The club entered administration in October, marking the end of Dejphon Chansiri’s troubled 10-year tenure.
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On Wednesday, the administrators for the club announced that they have reached a tentative agreement with a prospective buyer.
Bord’s consortium has been identified as the preferred bidder, although details about the members of his group have not been disclosed.
The 44-year-old currently operates the data company Short Circuit Science and has investments in Spanish Segunda Division club Cordoba CF and Bulgarian team Septemvri.
Additionally, he, along with partner Evan Sofer, has owned Scottish club Dunfermline for nearly a year.
However, Bord’s background in gambling may pose challenges in passing the English Football League Owners and Directors’ Test.
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Sheffield Wednesday is on the brink of relegation to League One after receiving two points deductions following its administration.
They sit at the bottom of the Championship table and are facing multiple transfer embargoes due to late payment issues during Chansiri’s leadership.
Despite the challenging situation, various groups have shown interest in acquiring the club.
Among the other bidders are former Newcastle United owner Mike Ashley and American aviation entrepreneur David Storch, who both express a desire to purchase Sheffield Wednesday.