Hull City are in talks with a new consortium from China, who are hoping to purchase the Premier League club.
The club’s owners, Assem and Ehab Allam, have opened talks with the new group of investors which is being led by Chinese businessman Chien Lee.
Lee was photographed with Ehab Allam, and former club chairman Paul Duffen, at Monday’s under-23s game at North Ferriby United.
Lee is the latest to show an interest in the Premier League club, following the collapse of a bid from another Far East consortium.
This new consortium already has a controlling interest in French club Nice, with Lee arriving in Hull to visit the club’s stadium and facilities on Monday.
Allam has been keen to sell the club for the past two years and is recommending that any future owners retain the services of manager Mike Phelan who is currently employed in a caretaker role.
Lee has lived in the United States since the mid-1980s and is the founder and chief executive of private equity firm NewCity Capital.
The previous bid fell through on Friday when the consortium’s exclusivity clause came to an end, meaning the club were free to meet other potential investors and buyers.