Leeds United owner Massimo Cellino is believed to be in talks with F1 giant Red Bull over a possible buy-out of the Yorkshire club.
A deal between the two parties was suggested eighteen months ago but they failed to reach an agreement over a reported asking price of £40m.
According to the Daily Mail, Red Bull chiefs have been in Leeds since Wednesday and are proceeding with negotiations with the United chairman.
The enigmatic Italian has already sacked two managers this season, David Hockaday and Darko Milanic, and has since handed the job to Neil Redfearn.
The Elland Road club are currently 19th in the Championship after yesterday's 3-1 defeat to Cardiff City.
While his exact expectations remain unclear, Cellino has high hopes for Leeds under his ownership.
Following his dismissal of Milanic, however, club legend Johnny Giles called for the former Cagliari chief to sell the club.
"I think the best thing he could do is get out of the club and make way for a new owner who could work in the best interests of the fans," he told BBC Radio 5 Live.
"It's crazy stuff. How long was he [Milanic] there? I don't know how many managers he [Cellino] has had since he came in, and I don't know what he expects of the managers.
"There are no resources to get players in. He wants miracles, I think.
"Why don't these owners become managers themselves? He might as well."
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