Former Arsenal and England player Tony Adams is looking to launch a bid to take over Premier League side Aston Villa.
Sky Sports reports that Adams is working with former Chelsea executive Paul Smith over a possible offer.
It is believed that Adams has approached City investors, looking for backing over a £150m takeover of Aston Villa, currently 14th in the Premier League.
It's reported that Adams and Smith are looking for approximately £75m worth of investment.
Adams and Smith have also formed a new company, Halo, which is to act as a vehicle to acquire Aston Villa, and minority shares in other leading football clubs.
It is believed Sporting Lisbon and Internazionale, of Portugal and Italy respectively, are targets for the consortium.
The ambitious duo won't stop at club football, however, with Brazil and Belgium being assessed as possible targets for Halo also.
An anonymous source described the move as "a long supply chain of playing talent."
What about Randy Lerner?
For those who don't know, Randy Lerner is an American tycoon who bought the club back in 2008 for roughly £60m.
The initial success of Aston Villa's top half finishes was short lived, with Villa slowly slipping down the Premier League table ever since.
Does 'Halo' stand a chance?
Halo is not believed to be the frontrunners in the race to buy the Villains, however, the company has been given access to data room holding information on the club's finances. It is believed that Lerner will wait until the end of the season before holding any serious talks with potential buyers.
Adams is an Arsenal legend, and has had brief football management experience with Wycombe Wanderers, more recently in Azerbaijan also.
The former Gunners captain will be left picking sides at the end of the May, with both Arsenal and Aston Villa facing each other in the FA cup final at Wembley.