Alan Hardy, the former owner of Notts County, is said to be leading a consortium interested in purchasing Scunthorpe United.
The reports from BBC Radio Humberside come after the football club was handed a winding-up petition over money owed to HMRC.
A sale by current owner Peter Swann looked close at the end of 2022, with a deal agreed for the acquisition of Scunthorpe United by a local group.
At the start of December it was said the National League club would work with the group during the final due diligence and transition into their ownership “over the coming weeks.”
Hardy took over at Notts County in 2017, selling to Christoffer and Alexander Reedtz, the owners of football statistics firm Football Radar, in 2019, following the club’s relegation to the National League.