Executive chairman Peter Trembling and Sven-Goran Eriksson are trying to secure a buyout of Notts County.
Club owners Munto Finance - a subsidiary of Qadbak investments - are reportedly looking to sell as soon as possible, having taken control amid a blaze of publicity over the summer.
They shocked the footballing world by bringing in former England coach Eriksson as their director of football, but things have not gone smoothly.
Their marquee signing Sol Campbell made just one appearance before leaving weeks into a five-year deal.
After a poor start to the season, manager Ian McParland was then replaced by Hans Backe.
Now with Munto looking to sell less than six months after taking control of the club, Sky Sports News sources have learned that Eriksson is involved in a takeover bid led by Trembling.
It is believed there is other interest, but Trembling and Eriksson are looking to seal a management buyout.