Cheshire-based lawyer Chris Farnell is making a renewed attempt to buy a minority stake in West Bromwich Albion.
It had previously seemed that Farnell had been usurped in his efforts to get involved at The Hawthorns by Florida-based entrepreneur Shilen Patel.
Patel is thought to have the backing of MSD Holdings, who are a major creditor.
Chinese owner Guochuan Lai is yet to make a decision about the future of the Baggies, who are no longer in receipt of parachute payments following their relegation from the Premier League in 2021.
But BBC Sport has seen a letter to Lai, signed by Farnell, which says proof of funds totalling £110m can be provided.