Tuesday 6 January 2015 19:41, UK
Milan Mandaric is in advanced talks to sell Sheffield Wednesday to investors from Thailand.
Sky Sports News HQ understands that talks will continue later this week over a proposed deal worth around £30m.
Sheffield Wednesday would become the second club in the Championship to be owned by a Thai-based group, along with Reading.
Mandaric, 76, took over the Hillsborough club in late 2010, buying 99.7 per cent of their shareholding for £1 after agreeing to settle their outstanding debts.
The Serbia born businessman had to step down as chairman of Leicester City as Football League rules prevented him from being in such a position with two different clubs.
He was in talks to sell Wednesday last summer to Azerbaijan businessman Hafiz Mammadov, but that deal collapsed in early September after contracts had been exchanged.
Mandaric revealed in November that the club was losing £6m a year as he continued to search for a buyer who could inject much needed finance.
