Solihull businessman Gianni Paladini is heading a consortium keen on taking control of Birmingham City from Carson Yeung.
Paladini and former Formula One motor racing chief Flavio Briatore are considering making an offer for the club.
Paladini, who made his name as a football agent and has worked closely with Blues in the past, left QPR after eight years in 2011.
His friend and fellow Italian Briatore ended his three-year stay at Loftus Road in 2010.
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