James Brent has emerged as the new front-runner in the battle to rescue League Two side Plymouth Argyle from going out of business.
The 'multi millionaire hotelier' has been in talks with Plymouth's acting chairman, Peter Ridsdale since April and now looks to have overtaken former favourites Bishop International.
Speaking to BBC Radio Devon, Brent said, "We're spending this week gathering views of key stakeholders. We hope to be in a position by the end of this week to know whether to participate in the rescue of the club."
In a recent interview with a local newspaper, Brent set out his plans for Plymouth Argyle, should he take control of the club.
"What I am not going to do is pour a fortune into the club beyond the initial investment; it is incredibly bad for football clubs if they become dependent on a benefactor. What we need to do is bring the cost base down very quickly to a level that is sustainable."
Brent is competing with two other consortiums for the ownership of League Two side Plymouth. The first is Bishop International, lead by Truro City chairman Kevin Heaney and the other, The Paul Buttivant Consortium directed by a property develop who has previously attempted to buy Wrexham FC.
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