Birmingham's Far East owners are ready to re-open talks with a group headed by fan and businessman Paul Richardson after Laurence Bassini failed to cough up.
And other potential suitors are monitoring developments closely after controversial ex-Watford chairman Bassini saw his agreement to buy out Blues’ largest individual shareholder Vong Pech, who has a 21.64% stake, expire.
It was part of a plan to takeover the whole club in the next two years for £36.5million and replace boss Lee Bowyer this summer. But Bassini was unable to meet several deadlines last month to put down money after investors, including David Sullivan, got cold feet over whether the deal would get FA and EFL approval.