Blackburn’s board has held a “cordial and productive meeting” with Western Gulf Advisory regarding a proposed takeover.
Rovers announced on their website that discussions with the Ahsan Ali Syed-led group were ongoing.
And the 36-year-old Indian businessman has admitted to The Sport Briefing that he is eager to wrap up a deal as soon as possible, having pledged to hand manager Sam Allardyce a huge war chest to strengthen his squad.
Ali Syed told the publication: “I have 14 days to complete (the deal) before the transfer window shuts at the end of the month and I’m trying my level best because Big Sam needs funds for players.
“Between £80-100m is what I’d be allocating for players, but I’m not saying that there is not talent in the team. The talent is already very good.
“Right now Big Sam has done a fantastic job with very limited resources. If I can give him some good resources I’m pretty confident he could work wonders.”